1912 Broadway 107, Santa Monica, California 90404, Santa Monica, 90404 - 1 bed, 1 bath
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Santa Monica, California 90404
This Deed-Restricted Rental Asset represents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $508,482 Fair Market Value by 21%. This valuation gap provides $109,482 in Instant Equity. The property maintains a Condition Rating of 3, featuring soaring high ceilings, floor-to-ceiling windows, and a private patio. While the deed restriction prohibits owner-occupancy and mandates low-income rental use, the proximity to Top-Rated Schools like McKinley Elementary ensures consistent demand. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a stabilized Santa Monica asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1912 Broadway 107 Subject | $399,000* List Price | 1 | 1 | 722 | $703 | - |
A 1518 Yale Street 1 Sold | $515,000 | 1 | 1 | 720 | $715 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, the property is approximately 18 years old, placing it squarely in the 'Good' category (10-20 years). The description and exterior image indicate a well-maintained modern building with functional features like floor-to-ceiling windows and in-unit laundry, suggesting it is move-in ready.
The unit features soaring high ceilings and expansive floor-to-ceiling windows that maximize natural light and create a spacious, contemporary feel.
The property includes highly desirable features such as a large private patio, in-unit laundry, and secured underground parking, which are rare at this price point.
Situated in a prime Santa Monica location, the property offers access to top-rated schools including McKinley Elementary and Lincoln Middle School, all rated 8/10.
The property is strictly designated for rental use to low-income tenants who must meet specific city eligibility requirements, limiting the owner's control.
The deed restriction explicitly prohibits the owner from living in the unit, making this property unsuitable for traditional homebuyers and strictly an investment vehicle.
Rare opportunity to own a deed restricted unit in the highly desirable city of Santa Monica. The property is designated for rental use only to tenants who qualify through the city's low income program. They must meet the eligibility of the requirements of the city. The property owner may not live in the unit per the deed restriction. This unit has soaring high ceilings and expansive floor to ceiling windows making it bright and sunny. Huge private patio and washer dryer inside. One secured underground parking spot and visitor parking in the building.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 31% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 722 | 1,187 | 17% |
| Lot Size | 15,011 | 8,104 | 72% |
| Price | $399.0K | $838.5K | 3% |
| Price per sq ft | $553 | $772 | 7% |
| Built year | 2008 | 1973 | 83% |
| HOA | $508.0 | $425 | 76% |
| Days on market | 40 | 151 | 3% |
Apr 27, 2026
$399,000
Initial Listing
Nov 14, 2013
$330,003
Public Record