2002 4th Street 208, Santa Monica, California 90405, Santa Monica, 90405 - 1 bed, 1 bath
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2002 4th Street 208
Santa Monica, California 90405
ACTIVE
CONDITION: FAIR
1Beds
1Baths
864Sq Ft
25,990Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$500,656
19% AboveMARKET VALUE
SUMMARY
This 1-bedroom condominium represents a Strong Value Opportunity, listed at $649,000—positioned well below the $720,524 Fair Market Value by 9%. This valuation gap provides $71,524 in Instant Equity for the buyer. While the unit maintains a Fair Condition Rating (4/10) and offers potential for cosmetic updates, the building features a sparkling community pool and secure elevator access. Its prime coastal location makes this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into the Santa Monica market.
Estimated Market Value
$500,656
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 |
|---|---|---|---|---|---|---|
★ 2002 4th Street 208 Subject | $599,000* List Price | 1 | 1 | 864 | $579 | - |
A 2033 Euclid Street 7 Pending | $549,000 List Price | 1 | 1 | 624 | $880 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1962 (62 years old) and the listing description mentions 'potential to make it your own,' which typically indicates dated interiors. Visible popcorn ceilings and older window styles suggest the unit has not had a major renovation in over 20 years, though it remains functional and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the heart of Santa Monica, the property offers exceptional walkability to the beach, Main Street, and the Santa Monica Pier, providing a premium lifestyle in a highly desirable neighborhood.
- Competitive Entry-Level Pricing
Priced at $649,000, this unit represents a rare and affordable opportunity for first-time buyers or investors to enter the prestigious Santa Monica real estate market.
- Desirable Building Amenities
The secure gated community features a sparkling pool and elevator access, providing comfort and convenience that enhances the overall value of this low-maintenance residence.
CONSRISKS & DEFICIENCIES
- Aging Building Infrastructure
Built in 1962, the property may require updates to its systems and finishes to meet modern standards, potentially necessitating additional capital investment from the buyer.
- Lack of Scenic Views
The listing indicates no specific views, which may be a drawback for buyers seeking the ocean or city vistas typically associated with Santa Monica coastal living.
About 2002 4th Street 208
This beautifully situated 1-bedroom, 1-bath condominium in the heart of Santa Monica, offers the perfect combination of coastal living, convenience, and lifestyle. Located just a short distance from the beach, this home is an exceptional opportunity for first-time buyers, investors, or anyone seeking a low-maintenance residence in one of the Westside's most desirable neighborhoods. Situated within a secure gated community, this well-maintained building features elevator access and a sparkling community pool, providing comfort and convenience for everyday living. The functional floor plan offers a bright and inviting living space with excellent potential to make it your own. Enjoy an unbeatable location just moments from the Pacific Ocean, Main Street, the Santa Monica Pier, Ocean Park, top-rated restaurants, shopping, cafes, parks, and bike paths. With easy access to the 10 Freeway, Venice Beach, and all that the Westside has to offer, this home delivers the best of Southern California coastal living. Don't miss this rare opportunity to own a Santa Monica condo in a prime location near the beach with outstanding community amenities and exceptional walkability.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1962
- Lot Size
- 25,990 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $641.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 864 | 1,332.636 |
| Lot Size | 25,990 | 8,171.182 |
| Price | $599.0K | $1.30M |
| Price per sq ft | $693 | $979 |
| Built year | 1962 | 1976 |
| HOA | $641.0 | $553 |
| Days on market | 47 | 57 |
Pricing History
Listed for Sale
Aug 11, 2026
$599,000
$649,000
-8% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$649,000
Initial Listing
Sold
Jun 15, 2011
$421,000
Public Record