1114 23rd Street 4, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 2 bath
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Santa Monica, California 90403
This Top-Floor Santa Monica Residence is a Prime Investment Opportunity, listed at $1,150,000—positioned well below the $1,175,000 Fair Market Value by 2%. This valuation gap provides $25,000 in Instant Equity for a turnkey asset. Maintaining a Good Condition Rating, the 1,600 sqft unit features a Granite Kitchen with Bosch Appliances and elevated Treetop Views. Located North of Wilshire near Franklin Elementary, it offers significant lifestyle and rental appeal. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1114 23rd Street 4 Subject | $1,150,000* List Price | 3 | 2 | 1,600 | $734 | - |
A 1925 Montana Avenue 3 Sold | $890,000 | 2 | 2 | 1,152 | $773 | 0.5 mi |
B 1127 10th Street 104 Sold | $1,090,000 | 3 | 2 | 1,307 | $834 | 0.9 mi |
C 817 10th Street 104 Sold | $1,075,000 | 2 | 2 | 1,394 | $771 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a modernized kitchen equipped with high-end Bosch stainless steel appliances and granite countertops. While the building was originally constructed in 1959, the interior has been well-maintained and updated with contemporary finishes, including clean cabinetry and updated flooring. It meets the 'good' criteria as a turnkey residence that does not require immediate renovation, despite the vintage of the overall structure.
Situated in a highly sought-after Santa Monica neighborhood, the property is just blocks from top-rated Franklin Elementary, Douglas Park, and vibrant local dining and shopping.
This 1,600 sqft top-floor unit offers an open-concept living and dining area filled with natural light, complemented by a large covered balcony and no neighbors above.
The residence is move-in ready with high-end Bosch stainless steel appliances, granite countertops, and the rare option to be delivered furnished for an immediate investment or residence.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 7638. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 14.
As a Tenants in Common (TIC) sale, the property requires specialized financing with limited lender options and typically necessitates a higher down payment than traditional condos.
Constructed in 1959, the building may lack modern amenities such as an elevator for this top-floor unit or central climate control systems common in newer constructions.
OWNER IS VERY MOTIVATED. Prime North of Wilshire location just blocks from Franklin Elementary, Douglas Park, shops, and restaurants. Top-floor 3BD/2BA filled with natural light and an open living/dining area that flows to a large covered balcony. Bright kitchen with stainless steel Bosch appliances, granite countertops, and breakfast area. Spacious primary suite with dual closets and en-suite bath. Two additional bedrooms offer generous closets and built-in storage. Move-in ready and available furnished, ideal for end-users or a turnkey investment. Enjoy the best of Santa Monica living. This is a TIC sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,600 | 1,394 | 64% |
| Lot Size | 6,209 | 7,756.5 | 10% |
| Price | $1.15M | $1.40M | 40% |
| Price per sq ft | $719 | $994 | 5% |
| Built year | 1959 | 1974 | 10% |
| HOA | $200.0 | $648 | 2% |
| Days on market | 61 | 171 | 5% |
Mar 25, 2026
$1,150,000
$1,175,000
-2% Price Drop
Initial Listing
Feb 20, 2026
$1,175,000
Initial Listing