
Santa Monica, California 90402
This European-inspired villa represents a High-Potential Investment Opportunity, listed at $6,195,000—positioned well above the $5,818,422 Fair Market Value by -6%. While the property requires modernization, its Condition Rating of 4 and 5,034 sqft footprint offer significant upside for a buyer to restore its classic charm. Located in the prestigious North of Montana neighborhood and zoned for the 9/10 rated Franklin Elementary School, this estate is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a long-term project in a premier coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 23rd Street Subject | $6,195,000* List Price | 5 | 4 | 5,034 | $1,156 | - |
A 739 20th Street Sold | $6,700,000 | 6 | 7 | 5,795 | $1,156 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, this property features a high-end but dated European-style renovation likely over 20-30 years old. While the home is grand and well-maintained, the kitchen's decorative tilework and the ornate marble baths are stylistically outdated. The listing's suggestion to 'restore' or 'reimagine' the home confirms it needs significant cosmetic updates and likely system overhauls to meet modern standards.
Elementary School: Franklin Elementary School (9/10).
Situated in one of Santa Monica's most prestigious neighborhoods, the property offers exceptional proximity to Montana Avenue's luxury shopping and is zoned for the top-rated Franklin Elementary School.
This 5,034-square-foot European-inspired villa boasts rare old-world details, including a wood-paneled library, hand-forged ironwork, and marble finishes that provide a distinct sense of character and scale.
Originally built in 1940, the home likely requires substantial investment in modernizing systems and interior aesthetics to align with contemporary luxury expectations.
With over 5,000 square feet of living space on a 7,183-square-foot lot, the property prioritizes interior volume over expansive yard space, which may limit outdoor recreational options.
A romantic European-inspired villa in Santa Monica's coveted North of Montana neighborhood, 215 23rd Street feels transportive from the moment you arrive, set beyond a gated driveway with mature landscaping, curved balconies, arched windows, and hand-forged ironwork creating a distinct sense of old-world charm. Inside, the home unfolds with a richly layered point of view, where marble floors, sweeping staircases, crystal chandeliers, ornate fireplaces, carved details, and garden-facing doors give each space its own sense of character. The formal living areas are intimate and expressive, balancing grand architectural details with a warmth that feels deeply personal. A wood-paneled library with floor-to-ceiling bookshelves, a stone fireplace, and built-in window seating offers one of the home's most memorable spaces, while the kitchen continues the European sensibility with decorative tilework, stone surfaces, copper accents, and a sunlit breakfast area surrounded by custom wallcoverings and garden views. With five bedrooms and four bathrooms, the home offers generous accommodations while maintaining the charm and individuality found throughout. Bedrooms open to light, greenery, and balcony moments, while the baths feature marble finishes, sculptural vanities, and decorative lighting. Outdoor spaces extend the character of the home with multiple terraces, intimate seating areas, and a striking exterior spiral staircase that adds to the property's storybook quality. Moments from Montana Avenue, Brentwood Country Mart, Palisades Park, the beach, and the Westside's most beloved dining and shopping, 215 23rd Street offers a compelling foundation for a buyer who wants to preserve its European charm, restore it over time, or reimagine it entirely.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 78% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 5,034 | 2,739 | 83% |
| Lot Size | 7,183 | 8,681 | 24% |
| Price | $6.20M | $5.10M | 72% |
| Price per sq ft | $1.2K | $1.9K | 20% |
| Built year | 1940 | 1940 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 113 | 2% |
May 14, 2026
$6,195,000
Initial Listing