1101 Lincoln Boulevard 1, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath
ACTIVE$899,000
1101 Lincoln Boulevard 1, Santa Monica, California 90403
2Beds
2Baths
1,014Sqft
7,496Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Franklin Elementary School (9/10).
Top Cons:
Building Age & Potential for Updates: Constructed in 1964, the building and unit may require significant updates to meet modern aesthetic and efficiency standards, potentially incurring additional costs for a buyer.
Compared to the nearby listings
Price:$899.0K vs avg $1.30M ($-401,000)24%
Size:1,014 sqft vs avg 1,394 sqft25%
Price/sqft:$887 vs avg $99825%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, the property shows signs of regular maintenance and some updates, such as the dark hardwood/laminate flooring and fresh paint. However, the kitchen features dated white cabinets, an older white gas range, and tiled flooring, while the bathrooms, though clean, also appear dated with basic fixtures and finishes. These areas would likely require minor to moderate updates to meet current aesthetic standards, aligning with the 'fair' condition criteria.
Year Built
1964
Close
-
List price
$899K
Original List price
$949K
Price/Sqft
$887
HOA
$628.18
Days on market
-
Sold On
-
MLS number
SR25253914
Home ConditionFair
Features
Good View: Neighborhood, Ocean
Deck
ViewNeighborhood, Ocean
About this home
50K Price Improvement!!! This charming first-floor home offers 2 bedrooms and 2 bathrooms across 1,014 square feet of thoughtfully designed living space. Step inside to an open and airy layout where natural light fills every room. The enclosed glass balcony provides a bright, versatile space perfect for relaxing or entertaining. With easy first-floor access, coming and going is effortless. Just a short stroll from the water, you’ll enjoy sandy shores, coastal breezes, and stunning sunsets. You’re also moments from the world-famous Third Street Promenade, where boutique shops, outdoor dining, and entertainment bring the neighborhood to life. A nearby park adds an effortless outdoor escape for fresh air and downtime.
Nearby schools
8/10
Roosevelt Elementary School
Public,•K-5•0.4mi
9/10
Franklin Elementary School
Public,•PK-5•1.3mi
8/10
Lincoln Middle School
Public,•6-8•0.5mi
8/10
Santa Monica High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
03/27/20
Sold
$765,000
01/18/07
Sold
$550,000
Condition Rating
Fair
Built in 1964, the property shows signs of regular maintenance and some updates, such as the dark hardwood/laminate flooring and fresh paint. However, the kitchen features dated white cabinets, an older white gas range, and tiled flooring, while the bathrooms, though clean, also appear dated with basic fixtures and finishes. These areas would likely require minor to moderate updates to meet current aesthetic standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Franklin Elementary School (9/10).
Exceptional Coastal Location: Prime Santa Monica address, offering a short stroll to the beach, coastal breezes, and stunning sunsets, making it highly desirable for lifestyle buyers.
Vibrant Urban Accessibility: Moments from the world-famous Third Street Promenade, providing unparalleled access to boutique shops, outdoor dining, entertainment, and a nearby park for leisure.
Recent Price Improvement: A significant $50,000 price reduction indicates a motivated seller and presents a potential opportunity for a competitive offer.
Desirable Unit Features: Convenient first-floor access, an open and airy layout with abundant natural light, and a versatile enclosed glass balcony enhance livability and appeal.
Ocean View & Strong Schools: The property boasts an ocean view, adding significant value and appeal, complemented by access to highly-rated schools within the Santa Monica-Malibu Unified district.
Cons
Building Age & Potential for Updates: Constructed in 1964, the building and unit may require significant updates to meet modern aesthetic and efficiency standards, potentially incurring additional costs for a buyer.
Substantial Monthly HOA Dues: The association fee of $628.18 per month is relatively high, adding a significant recurring expense to homeownership that could impact affordability.
Condominium Lifestyle Limitations: As a condominium, the property comes with shared walls, potential for noise transfer, and less autonomy over exterior modifications or private outdoor space compared to a single-family home.