1119 23rd Street 7, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath
1119 23rd Street 7
Santa Monica, California 90403
Property Price
SUMMARY
Analysis of 1119 23rd Street 7, Santa Monica, California 90403 is currently available with a list price of $1,569,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1978, the property is well-maintained and clean but remains largely unrenovated. The kitchen and bathrooms feature dated oak cabinetry, white tile countertops, and older fluorescent light boxes. While the home is functional and move-in ready, the finishes, gold-trimmed shower doors, and wall-to-wall carpeting show significant signs of being outdated compared to current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Santa Monica Location
Situated in the highly coveted 'South of Montana' neighborhood, the property offers exceptional walkability to world-class dining, luxury shopping, and top-rated schools.
- Versatile Tri-Level Layout
Spanning over 2,000 square feet with multiple flex rooms and a finished basement, this condo lives like a single-family home, providing ample space for a home office or guest quarters.
- Private Outdoor Retreats
The unit features a unique light-filled atrium patio and a private rooftop deck off the primary suite, offering rare private outdoor spaces in a dense urban environment.
CONSRISKS & DEFICIENCIES
- Vertical Living Constraints
The tri-level configuration requires navigating multiple flights of stairs, which may not appeal to buyers with mobility concerns or those seeking a single-level flow.
- 1970s Era Construction
Built in 1978, the property may require more frequent maintenance or aesthetic modernization to compete with the newer luxury developments in the surrounding area.
- Market Price Sensitivity
The history of multiple price reductions suggests that the initial valuation was above market expectations, though the current 'Under Contract' status indicates it has found its price point.
About 1119 23rd Street 7
23 blocks from the beach, this spacious and charming tri-level condo lives like a single family home. Multiple bonus rooms make it easy for family and guests to spread out. On the entry level find the light filled atrium patio, chef's kitchen, living, dining areas, full bath, and a wet bar. Additionally, there is a flex space with a closet which can be closed off for office space or more sleeping accommodation. Upstairs boasts a sunny, primary suite with soaring ceilings, 2 closets, double vanity dressing area and a private rooftop patio. Also on the 3rd level find 2 more spacious guest bedrooms plus a shared full guest bath with skylight. Downstairs find another large finished flex space with endless possibilities. Laundry room with side by side W/D and direct access to a private 2 car garage with abundant built in storage is also on the bottom level of the townhome. Location is south of Montana and north of Wilshire, in a well-maintained building with just 8 units. Additional highlights include private ground-floor access, A/C and central heat. This home offers a peaceful retreat walking distance from the finest schools, world-class dining, iconic shopping, and beautiful southern California beaches. Experience the best of Santa Monica Living!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 12,309 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $555.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 68% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,046 | 1,410 | 86% |
| Lot Size | 12,309 | 7,754 | 62% |
| Price | $1.57M | $1.44M | 58% |
| Price per sq ft | $767 | $984 | 4% |
| Built year | 1978 | 1976 | 52% |
| HOA | $555.0 | $600 | 42% |
| Days on market | 103 | 167 | 20% |
Pricing History
Listed for Sale
Jan 30, 2026
$1,569,000
$1,579,000
-1% Price Drop
Initial Listing
Price Change
Jan 25, 2026
$1,579,000
$1,589,000
-1% Price Drop
Initial Listing
Price Change
Jan 8, 2026
$1,589,000
$1,599,000
-1% Price Drop
Initial Listing
Price Change
Nov 23, 2025
$1,599,000
Initial Listing