137 Strand Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 3 bath
Loading property details...
Santa Monica, California 90405
This Value-Add Coastal Residence is listed at $1,975,000, aligning closely with its $1,925,177 Fair Market Value after a substantial $525,000 price reduction. Holding a Condition Rating of 4, the property preserves its 1949 character but requires modernization to reach its full luxury potential. Situated on Strand Street, the home features City Lights and Park Views and immediate access to the beach and Main Street. This represents a strategic entry point into a premier market with access to Santa Monica Schools, ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 137 Strand Street Subject | $1,975,000* List Price | 2 | 3 | 1,470 | $1,310 | - |
A 1921 6th Street Active | $1,525,000 List Price | 2 | 2 | 1,215 | $1,255 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in well-maintained vintage condition, retaining much of its original 1949 character. The kitchen and bathrooms are functional but significantly outdated, featuring 1940s-era tiling and older appliances. While the hardwood flooring appears to be in good condition and some minor updates like recessed lighting and crown molding have been added, the home requires comprehensive modernization of its fixtures and systems to meet contemporary luxury standards.
Situated on Strand Street in the heart of Santa Monica, this property offers an enviable lifestyle with immediate proximity to the beach, Main Street's boutique shopping, and world-class dining.
The recent price adjustment from $2.5M to $1.975M positions this property as a highly competitive entry point for a single-family residence in one of Southern California's most desirable zip codes.
The home captures pleasant views of city lights and park greenbelts, providing a sense of openness and tranquility that is rare for high-density coastal neighborhoods.
Built in 1949, the property likely requires significant modernization or a full renovation to meet the expectations of contemporary luxury buyers in this price segment.
With a lot size of just 2,704 square feet, the property offers limited private outdoor space and restricted potential for significant footprint expansion.
Exceptional opportunity in Santa Monica. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 1,470 | 1,810 | 37% |
| Lot Size | 2,704 | 6,401 | 3% |
| Price | $1.98M | $2.76M | 20% |
| Price per sq ft | $1.3K | $1.4K | 49% |
| Built year | 1949 | 1947 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 364 | 142 | 0% |
Jan 14, 2026
$1,975,000
$2,190,000
-10% Price Drop
Initial Listing
Jul 31, 2025
$2,190,000
Initial Listing
Apr 23, 2025
$2,500,000
Initial Listing