137 Strand Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 3 bath
137 Strand Street
Santa Monica, California 90405
Property Price
SUMMARY
Analysis of 137 Strand Street, Santa Monica, California 90405 reveals a Fairly Priced Property with a current list price of $1,975,000 aligned with the estimated $1,975,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1949, this property is well-maintained with clean hardwood floors and fresh paint in living areas. However, the kitchen features a vintage stove, older refrigerator, and checkered vinyl flooring, while the bathroom has a distinctly vintage tiled tub and sink. These areas are functional but significantly outdated and would require substantial renovation to meet modern aesthetic and efficiency standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location
Situated on Strand Street in Santa Monica, this property boasts a highly coveted address, offering unparalleled access to beaches, amenities, and the vibrant Santa Monica lifestyle.
- Desirable Property Type
As a single-family residence in Santa Monica, this property represents a rare and highly sought-after asset, promising privacy and strong long-term value appreciation.
- Scenic Views
The property offers desirable 'City Lights, Park/Greenbelt' views, significantly enhancing its aesthetic appeal and potential resale value.
CONSRISKS & DEFICIENCIES
- Age of Construction
Built in 1949, the property is an older home, which may necessitate significant updates to systems, infrastructure, and aesthetics to meet modern standards and buyer expectations.
- Limited Square Footage
At 1470 sqft, the interior living space is relatively modest for a single-family home in this high-value area, potentially limiting appeal to buyers seeking larger residences.
- Smaller Lot Size
The 2704 sqft lot size is on the smaller side for a single-family home in Santa Monica, which could restrict outdoor living space or future expansion possibilities without significant architectural planning.
About 137 Strand Street
Exceptional opportunity in Santa Monica. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 2,704 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 1,470 | 1,555 | 38% |
| Lot Size | 2,704 | 6,016 | 5% |
| Price | $1.98M | $2.54M | 26% |
| Price per sq ft | $1.3K | $1.3K | 50% |
| Built year | 1949 | 1947 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 317 | 165 | 0% |
Pricing History
Listed for Sale
Jan 14, 2026
$1,975,000
$2,190,000
-10% Price Drop
Initial Listing
Price Change
Jul 31, 2025
$2,190,000
Initial Listing
Price Change
Apr 23, 2025
$2,500,000
Initial Listing