1335 Chelsea Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 1 bed, 1 bath
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Santa Monica, California 90404
Analysis of 1335 Chelsea Avenue, Santa Monica, California 90404 is currently available with a list price of $1,175,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1931, this property is explicitly marketed as a 'TLC' project or a candidate for new construction. While the interior photos show intact hardwood floors, the listing lacks images of the kitchen and bathroom, which typically indicates they are in original or severely outdated condition. The property analysis and description confirm that substantial renovation and a significant capital investment are required to bring the home up to modern living standards.
Situated in the highly desirable 90404 zip code, this property offers exceptional long-term value and proximity to world-class amenities, beaches, and major Westside employment hubs.
The corner lot positioning provides enhanced curb appeal, increased natural light, and greater architectural flexibility for those looking to remodel or build a new custom residence.
As a rare entry-level price point for the area, this property serves as an ideal blank canvas for investors or owner-builders to capitalize on the high demand for new construction in Santa Monica.
The existing 1931 structure requires substantial renovation and updates, which will necessitate a significant additional capital investment to bring it up to modern standards.
With only 718 square feet of living area and a modest lot size, the current footprint is very restrictive for families or buyers seeking immediate move-in ready space.
OPPORTUNITY AWAITS on Chelsea Avenue in Santa Monica! Situated on a corner, this one bedroom, one bath home with outdoor patio is ready for your TLC. This small home is a great condo alternative with no HOA. Great option for an owner/investor and/or buyer wanting to build new.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 718 | 1,627 | 13% |
| Lot Size | 2,299 | 6,043.5 | 13% |
| Price | $1.18M | $1.64M | 13% |
| Price per sq ft | $1.6K | $1.2K | 88% |
| Built year | 1931 | 1944 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 175 | 13% |
Mar 31, 2026
$1,175,000
Initial Listing
Feb 19, 2016
$799,000
Public Record