
Santa Monica, California 90403
This Spacious Multi-Generational Residence represents a High-Potential Investment Opportunity, listed at $3,850,000—positioned above the $3,760,114 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a massive 4,087 sqft floor plan and a prime location in the Santa Monica-Malibu Unified School District. The expansive 7,873 sqft lot, featuring a guest house and private deck, offers significant upside for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable estate in a prestigious neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1136 Harvard Street Subject | $3,495,000* List Price | 6 | 4 | 4,087 | $884 | - |
A 928 26th Street Active | $3,095,000 List Price | 6 | 7 | 4,285 | $722 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1936 and held by the same family for three generations, the property is functional but significantly dated. While the living areas are digitally staged to show potential, the actual bathrooms feature 20-30 year old tile work and fixtures. The listing's emphasis on 'opportunity' and 'potential' confirms the need for aesthetic updates and modernization of systems to meet current market standards.
Situated North of Wilshire in the prestigious Collegiate streets, the property offers proximity to Montana Avenue's amenities and falls within the highly-rated Franklin/Lincoln school district.
With over 4,000 square feet of living area plus a separate guest house, this residence provides rare scale and a versatile six-bedroom layout suitable for multi-generational living.
The nearly 8,000-square-foot lot features a large private yard, expansive decking, and ample parking for up to five cars, offering significant outdoor potential in a dense urban area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
Having been held by the same family for three generations since 1936, the home likely requires a comprehensive renovation to update its systems and finishes to modern luxury standards.
The current configuration, including an upstairs kitchenette and multiple primary suites, may necessitate structural reconfiguring for buyers preferring a more conventional single-family floor plan.
MAJOR PRICE REDUCTION NOW $3,495,000! Bring your contractor and unlock the potential in this substantial home, cherished by the same family for generations. Don't be the buyer who drives by next year wishing you had seized the opportunity to own nearly 4,100 SF of living space, plus a guest house, on an approximately 7,900 SF - at close to lot value based on recent comparisons - the value proposition is compelling. With so much already here, why take on the time, expense and complexity of building from the ground up? Work within the generous footprint of the existing home and bring your vision for a fabulous Spanish Modern to life.The home and its functioning components have been well maintained over the years, including significant recent improvements such as a new sewer line in 2025 and a new second-floor AC unit. Previously enjoyed as a multi-generational residence, the layout is not traditional, but with an abundance of space both inside and out, it offers tremendous flexibility and possibilities for how the home could be reimagined. Set on a beautiful Jacaranda-lined street within the Santa Monica-Malibu Unified School District, with Franklin Elementary and Lincoln Middle School serving the area, and an abundance of shops, restaurants, cafs and parks nearby on both Wilshire and Montana Avenue. Ample off-street parking includes space for up to five cars in the front driveway, plus an additional parking pad at the rear. The space is here. The location is here. And now, at $3,495,000, the opportunity is here. Bring your vision and make 1136 Harvard Street your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.1 |
| Baths | 4.0 | 2.9 |
| Square foot | 4,087 | 1,967.643 |
| Lot Size | 7,873 | 6,981.625 |
| Price | $3.50M | $3.73M |
| Price per sq ft | $855 | $1.7K |
| Built year | 1936 | 1940 |
| HOA | $0 | $0 |
| Days on market | 48 | 58 |
Aug 29, 2026
$3,495,000
$3,650,000
-4% Price Drop
Initial Listing
Aug 15, 2026
$3,650,000
$3,850,000
-5% Price Drop
Initial Listing
Jul 23, 2026
$3,850,000
Initial Listing