1440 23rd Street 313, Santa Monica, California 90404, Santa Monica, 90404 - 2 bed, 2 bath
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1440 23rd Street 313
Santa Monica, California 90404
ACTIVE
CONDITION: FAIR
2Beds
2Baths
970Sq Ft
34,150Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$765,034
7% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $825,000—positioned well above the $765,034 Fair Market Value by 7%. While the property is currently priced above the estimated market value, its Fair Condition Rating and prime Mid-City location offer long-term stability. Featuring dual private balconies, two-car gated parking, and a top-floor layout, the unit provides significant lifestyle utility. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-managed, secure coastal home base in Santa Monica.
Estimated Market Value
$765,034
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1440 23rd Street 313 Subject | $825,000* List Price | 2 | 2 | 970 | $789 | - |
A 1447 Franklin Street 5 Sold | $699,000 | 2 | 2 | 888 | $787 | 0.8 mi |
B 1527 W Centinela Avenue D Sold | $799,000 | 2 | 2 | 772 | $1,035 | 0.8 mi |
C 1314 17th Street 10 Sold | $995,000 | 2 | 3 | 1,187 | $838 | 0.5 mi |
D 1337 Berkeley Street 6 Sold | $950,000 | 2 | 2 | 1,335 | $712 | 0.7 mi |
E 1240 Franklin Street 5 Active | $775,000 List Price | 1 | 1 | 959 | $808 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1973, this property is over 50 years old and shows signs of being dated despite being well-maintained. While the flooring has been updated, the presence of popcorn ceilings, older bathroom tile work, and mid-range renovations that appear to be 15-20+ years old align with the 'Fair' criteria. The unit is functional and move-in ready but requires cosmetic updates to the kitchen and baths to be considered modern.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Mid-City Location
Situated in a highly walkable neighborhood near Whole Foods, Trader Joe's, and major transit links like the Expo Line, offering exceptional convenience for commuters and locals.
- Top-Floor Privacy with Dual Balconies
As a top-floor unit, it provides a quieter living environment with no neighbors above and features two private balconies that enhance the sense of space and indoor-outdoor flow.
- Secure Multi-Car Parking
The inclusion of two-car gated garage parking plus dedicated guest parking is a significant value-add in the high-density Santa Monica real estate market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =34150, other record lot size in square feet = 34219.
- Dated Building Vintage
Built in 1973, the property may lack the modern energy efficiencies, contemporary aesthetic finishes, and updated infrastructure found in newer luxury developments.
- Lack of Scenic Views
Despite its top-floor positioning, the listing indicates no significant views, which may limit its appeal to buyers specifically seeking Santa Monica's coastal or city vistas.
About 1440 23rd Street 313
Welcome to this bright and inviting 2-bedroom, 2-bath condo tucked into the heart of Santa Monica's sought-after Mid-City neighborhood, near Broadway and Cloverfield Blvd. This top-floor unit offers a peaceful retreat with dual private balconies - ideal for morning coffee or evening relaxation -along with generous closet space throughout, including a main-floor primary bedroom featuring its own walk-in closet. The open floorplan creates an easy flow between the spacious living room and the kitchen, which is equipped with an electric oven, dishwasher, and disposal, making everyday living and entertaining a breeze. Two-car gated garage parking is included, providing secure and convenient access, with additional guest parking available on-site for visitors. Residents of this well-maintained community enjoy access to a resort-style courtyard lounge and meeting room, perfect for gathering with neighbors or hosting guests, all within a secure, controlled-access building that is professionally managed for peace of mind. HOA dues help cover water, sewer, trash, utilities, and grounds maintenance, adding to the ease of condo living. Location is everything, and this home delivers - just minutes from Whole Foods, Trader Joe's, and Providence Saint John's Health Center, with the beach close by and convenient access to the 10 Freeway and Expo Line for an easy commute. Whether you're searching for a coastal home base or a smart investment opportunity, this condo offers comfort, convenience, and classic Santa Monica charm.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- 34,150 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $480.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 970 | 1,332.636 |
| Lot Size | 34,150 | 8,171.182 |
| Price | $825.0K | $1.30M |
| Price per sq ft | $851 | $979 |
| Built year | 1973 | 1976 |
| HOA | $480.0 | $553 |
| Days on market | 19 | 57 |
Pricing History
Listed for Sale
Aug 21, 2026
$825,000
Initial Listing