
Santa Monica, California 90404
This Spacious 1-Bedroom Condo is a Strong Value Opportunity, listed at $775,000—positioned well below the $857,564 Fair Market Value by 9%. This valuation gap offers $82,564 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the unit provides a solid foundation with modern stainless steel appliances and low HOA dues. Its versatile enclosed balcony and prime Santa Monica location make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 Franklin Street 5 Subject | $775,000* List Price | 1 | 1 | 959 | $894 | - |
A 1234 Franklin Street C Sold | $595,000 | 1 | 1 | 584 | $1,019 | 0.0 mi |
B 1447 Franklin Street 5 Sold | $699,000 | 2 | 2 | 888 | $787 | 0.3 mi |
C 1527 W Centinela Avenue D Sold | $799,000 | 2 | 2 | 772 | $1,035 | 0.4 mi |
D 1440 23rd Street 313 Active | $825,000 List Price | 2 | 2 | 970 | $851 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965 with interior renovations that appear to be 20+ years old. While the unit is move-in ready with newer stainless steel appliances and laminate flooring, the honey-oak cabinetry, countertops, and bathroom fixtures are dated and require modernization to meet current market standards.
At 959 square feet, this top-floor unit is exceptionally large for a one-bedroom, featuring an enclosed balcony that serves as a versatile bonus room for a home office or lounge.
The monthly HOA dues of $387 are remarkably low for the Santa Monica market, providing significant long-term value and improved affordability for the owner.
The residence includes highly desirable in-unit laundry and a full suite of stainless steel KitchenAid appliances, offering a level of convenience often missing in older area buildings.
Constructed in 1965, the property may lack the modern energy-efficient systems and extensive building amenities found in newer luxury developments.
With only one assigned parking space, the property may pose a challenge for multi-vehicle households or guests in a high-demand Santa Monica neighborhood.
Discover an exceptional opportunity in the heart of Santa Monica with this spacious top-floor 1-bedroom, 1-bath condo offering an impressive 959 square feet of comfortable living space. Set within an intimate 7-unit building, this residence also features remarkably low HOA dues of just $387 per month. Step inside to a bright and inviting interior featuring laminate flooring and a generous living room anchored by a decorative fireplace. A spacious walk-in coat closet provides excellent storage, while the adjoining enclosed balcony with expansive windows and track lighting creates a versatile bonus space ideal for a home office, reading retreat, or additional lounge area. The spacious kitchen is filled with natural light from a wide window and features stainless steel appliances, including a KitchenAid cooktop, refrigerator, microwave, oven, and dishwasher. Double sinks and a convenient breakfast counter with bar seating make the kitchen both functional and welcoming. The oversized bedroom offers plenty of room to unwind, along with shutters, crown molding, and a large connected closet with two access doors, providing abundant storage. The full bathroom features a wide vanity and a tub/shower combination with sliding glass doors. Adding to the convenience is the highly desirable in-unit stackable washer and dryer. Complete with one assigned parking space, this Santa Monica gem puts you moments from Bristol Farms, Trader Joe’s, Wilshire Boulevard, Santa Monica Boulevard, the Metro E Line, and an incredible selection of shopping, dining, entertainment, and everything the Westside has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 959 | 1,332.636 |
| Lot Size | 8,132 | 8,171.182 |
| Price | $775.0K | $1.30M |
| Price per sq ft | $808 | $979 |
| Built year | 1965 | 1976 |
| HOA | $350.0 | $553 |
| Days on market | 15 | 57 |
Aug 25, 2026
$775,000
Initial Listing
Oct 12, 2022
$750,000
Public Record