1121 Princeton Street 5, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 3 bath
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Santa Monica, California 90403
This Spanish-style end-unit townhouse is a Prime Investment Opportunity listed at $1,200,000—positioned well below the $1,225,936 Fair Market Value by 2%. This valuation gap offers $25,936 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home boasts hardwood floors, a private patio, and a location within the prestigious Franklin Elementary School boundary. While currently tenant-occupied, the prime North of Wilshire setting ensures long-term stability. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants planning a future move.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1121 Princeton Street 5 Subject | $1,200,000* List Price | 2 | 3 | 1,587 | $772 | - |
A 933 21st Street 12 Active Under Contract | $1,249,900 List Price | 3 | 3 | 1,479 | $845 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained for its 1989 build date. It features high-quality hardwood flooring throughout, a functional kitchen with stainless steel appliances, and clean, updated bathrooms with dual vanities. While the cabinetry and tile styles are not brand new, the home shows minimal wear and tear and requires no immediate renovation.
Situated North of Wilshire in the prestigious 'College Streets' and within the highly-rated Franklin Elementary boundary, offering excellent walkability to Montana Avenue and Douglas Park.
This end unit provides enhanced privacy, direct access to a communal yard, and a private two-car garage, features typically reserved for single-family homes.
The primary bedroom features soaring ceilings and a large en-suite bathroom with dual vanities and a soaking tub, offering a sense of volume and luxury.
The property is tenant-occupied until November 2026, which prevents immediate move-in for owner-occupants and requires a long-term investment strategy.
The current monthly rent of $3,850 is relatively low for a $1.2M asset in this area, potentially resulting in a lower-than-average cap rate for investors.
Unit is rented until November 2026 ($3,850/month). Tenant will move out at this date. Welcome to this 2-bedroom, 2.5-bathroom townhouse in a charming 5-unit Spanish-style building on a quiet, tree-lined street in the prestigious college streets of Santa Monica. This end unit features a desirable layout with hardwood floors throughout. The kitchen opens to a combined dining and living area that flows to a private patio. As an end unit, the property backs directly onto a communal yard, perfect for pet owners seeking outdoor space. The main level includes a powder room and direct access to an enclosed two-car garage with ample storage and secure, gated entry exclusive to residents. Upstairs, the primary suite offers soaring ceilings and an en-suite bathroom with dual vanities, tile finishes, a spacious shower, and a soaking tub. The second bedroom includes its own en-suite bath. An upstairs laundry area adds convenience. Located North of Wilshire in the highly sought-after Franklin Elementary School boundary, just a stroll to Douglas Park, Montana Avenue, and the Brentwood Country Mart. This end-unit townhouse presents a rare opportunity in one of Santa Monica's most desirable neighborhoods! One or more photo(s) has been virtually staged.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 43% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,587 | 2,068 | 14% |
| Lot Size | 7,851 | 7,851 | 50% |
| Price | $1.20M | $2.62M | 14% |
| Price per sq ft | $756 | $1.1K | 14% |
| Built year | 1989 | 2007 | 14% |
| HOA | $275.0 | $645 | 14% |
| Days on market | 37 | 105 | 14% |
Mar 16, 2026
$1,200,000
Initial Listing