1131 12th 104, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath
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Santa Monica, California 90403
This Value-Add Condominium represents a strategic acquisition in prime Santa Monica, with a List Price of $1,105,000 offering a stable entry point relative to its $1,046,217 Fair Market Value. Boasting a Condition Rating of 4, the 1,394-square-foot interior features soaring ceilings and a rare, expansive wraparound patio. Situated in the Santa Monica-Malibu Unified District near Franklin Elementary (9/10) and Lincoln Middle (8/10), the property provides significant upside through modernization. This asset is perfectly suited for Fix-and-Flip Investors or Owner-Occupants seeking to customize a high-potential residence in a premier coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1131 12th 104 Subject | $1,105,000* List Price | 2 | 2 | 1,394 | $751 | - |
A 1131 12th Street 104 Sold | $890,000 | 2 | 2 | 1,394 | $638 | 0.0 mi |
B 820 California Avenue 201 Sold | $1,025,000 | 2 | 2 | 1,131 | $906 | 0.3 mi |
C 938 18th Street 5 Sold | $970,000 | 2 | 3 | 1,289 | $753 | 0.5 mi |
D 1127 10th Street 104 Sold | $1,090,000 | 3 | 2 | 1,307 | $834 | 0.2 mi |
E 925 14th Street 20 Sold | $1,080,000 | 2 | 3 | 1,317 | $820 | 0.3 mi |
F 930 3rd Street 307 Sold | $1,149,000 | 2 | 2 | 1,355 | $848 | 0.8 mi |
G 1021 12th Street 102 Active | $899,000 List Price | 2 | 2 | 1,337 | $672 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973 (51 years old), the property is significantly dated. The listing description explicitly mentions it is priced to reflect the 'opportunity for updates' and 'potential to add value,' indicating that while functional, the kitchen, baths, and systems likely require modernization to meet current standards.
Elementary School: Franklin Elementary School (9/10).
Ideally situated between Montana Avenue and Wilshire Boulevard, the property offers immediate access to world-class dining, boutique shopping, and top-rated schools like Roosevelt Elementary and Lincoln Middle School.
The unit features a rare and expansive wraparound patio, providing significant private outdoor space that is highly sought-after and difficult to find in Santa Monica condominium developments.
The property is priced to reflect its original condition and requires a comprehensive update, which may necessitate a significant additional budget for modernizing the kitchen, baths, and finishes.
Despite the prime coastal location, the unit lacks scenic views, which may limit its competitive appeal compared to other high-end units in the area that offer ocean or city vistas.
Bright and spacious 2-bedroom, 2-bath condo in prime Santa Monica, offering approximately 1,394 square feet and a well-designed layout with plenty of potential to make it your own. The home features expansive living spaces, soaring ceilings, an exceptionally large wraparound patio - an incredibly rare and highly sought-after feature for the area, and lots of storage throughout, including two walk in closets - perfect for those looking to customize and add value. Located in a highly desirable location between Montana Avenue and Wilshire Boulevard, just moments from popular dining, shops, and the beach. Attractively priced to reflect the opportunity for updates, this is a fantastic option for buyers looking for space, location, and long-term upside.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades PK-5 • 1.0 mi
Grades 6-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,394 | 1,394 | 50% |
| Lot Size | 7,526 | 7,756.5 | 47% |
| Price | $1.10M | $1.40M | 38% |
| Price per sq ft | $793 | $994 | 12% |
| Built year | 1973 | 1974 | 47% |
| HOA | $700.0 | $652 | 59% |
| Days on market | 18 | 171 | 2% |
Apr 4, 2026
$1,105,000
Initial Listing