212 Marine Street 203, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 2 bath
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Santa Monica, California 90405
This Modern Sailhouse Loft represents a Prime Investment Opportunity, listed at $1,750,000—positioned well below the $1,793,424 Fair Market Value by 2%. This valuation gap provides $43,424 in Instant Equity. Featuring a Condition Rating of 3, the unit offers a gourmet kitchen, high ceilings, and two outdoor spaces in a premier coastal location. While the open floor plan currently favors a loft aesthetic, it offers flexibility for customization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end Santa Monica lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 212 Marine Street 203 Subject | $1,750,000* List Price | 2 | 2 | 1,730 | $1,037 | - |
A 508 Pier Avenue 4 Sold | $2,200,000 | 2 | 3 | 1,753 | $1,255 | 0.3 mi |
B 2910 Neilson Way 503 Sold | $1,515,000 | 2 | 2 | 1,513 | $1,001 | 0.1 mi |
C 3002 3rd Street 304 Sold | $1,599,000 | 2 | 3 | 1,470 | $1,088 | 0.1 mi |
D 3002 3rd Street 203 Sold | $1,955,000 | 2 | 3 | 1,914 | $1,021 | 0.1 mi |
E 2203 3rd Street 1 Sold | $2,000,000 | 2 | 3 | 2,117 | $945 | 0.7 mi |
F 2960 Neilson Way 301 Active | $1,499,000 List Price | 2 | 2 | 1,229 | $1,220 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property falls within the 10-20 year age bracket. It is exceptionally well-maintained with a modern loft aesthetic, featuring polished concrete floors, exposed HVAC ductwork, and a gourmet kitchen. It appears move-in ready with no visible signs of deferred maintenance.
Situated at the crossroads of Main Street and Marine, this property offers an irreplaceable location just steps from the beach and premier Santa Monica retail and dining.
Located in the desirable Sailhouse Loft Building, the unit features a contemporary open-style plan with high ceilings and a gourmet kitchen, catering to modern lifestyle preferences.
With 1,730 square feet of living area and two private outdoor spaces, this condo provides a rare level of spaciousness and indoor-outdoor flow for the Santa Monica market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =23973, other record lot size in square feet = 23692.
The second bedroom is currently opened to the main living area, which may require the buyer to invest in construction to restore privacy and a formal two-bedroom configuration.
While the property lists ocean views, they are characterized as 'peek-a-boo,' which may not meet the expectations of buyers seeking unobstructed coastal panoramas.
Irreplaceable location at the crossroads of Main street and Marine in Santa Monica. Modern and bright 2 bedroom condo in highly desirable Sailhouse Loft Building. Open style plan with high ceilings, gourmet kitchen, large bedrooms, two full bathrooms and two outdoor spaces. 2nd bedroom currently opened to create grand open space. Walkable to excellent retail and restaurants and steps to the beach. 2 parking spaces in garage. Secured building with controlled access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,730 | 1,404 | 76% |
| Lot Size | 23,973 | 12,003 | 68% |
| Price | $1.75M | $1.23M | 78% |
| Price per sq ft | $1.0K | $1000 | 56% |
| Built year | 2006 | 1980 | 88% |
| HOA | $500.0 | $595 | 41% |
| Days on market | 22 | 149 | 2% |
May 15, 2026
$1,750,000
Initial Listing
Oct 19, 2017
$1,950,000
Public Record
Sep 1, 2009
$1,075,000
Public Record