222 7th Street 202, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath
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Santa Monica, California 90402
This North of Montana Condo is a Strong Value Opportunity, listed at $979,000—positioned well below the $1,085,735 Fair Market Value by 9%. This valuation gap provides $106,735 in Instant Equity. Boasting a Condition Rating of 3, the residence features remodeled bathrooms, new lighting, and a private patio with treetop views. Located in the prestigious 90402 zip code near top-rated Franklin Elementary (9/10), it represents the lowest-priced two-bedroom in the neighborhood. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 7th Street 202 Subject | $979,000* List Price | 2 | 2 | 1,182 | $919 | - |
A 723 Palisades Beach Road 215 Sold | $1,050,000 | 3 | 2 | 1,072 | $979 | 0.7 mi |
B 502 San Vicente Boulevard 105 Active | $799,000 List Price | 1 | 2 | 1,182 | $676 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready with significant recent interior refreshes, including fully remodeled modern bathrooms with contemporary fixtures, updated electrical, new lighting, and new carpeting in the bedrooms. While the kitchen retains older tile countertops and painted cabinetry, the overall unit is well-maintained and functional, fitting the 'good' criteria for a property of its age with recent partial renovations.
Elementary School: Franklin Elementary School (9/10).
Situated North of Montana Avenue in the highly coveted 90402 zip code, the property offers elite proximity to the Santa Monica Stairs, luxury shopping on Montana Avenue, and the beach.
As the lowest-priced two-bedroom unit in the neighborhood, this condo represents a rare entry-level opportunity for homeownership or investment in one of Santa Monica's most prestigious areas.
The two-car parking is in a tandem configuration, which is generally less convenient for multi-driver households compared to side-by-side parking spaces.
The unit currently lacks in-unit laundry, relying on community facilities; while installation is possible, it requires both HOA and City approval, which is not guaranteed.
Lowest priced 2-bedroom in all of 90402. Located north of Montana Avenue just above San Vicente, this northeast-facing 2BD/2BA condo offers a rare opportunity to own in one of Santa Monica’s most sought-after neighborhoods. Unit 202 has been refreshed with updated electrical, new lighting throughout, remodeled bathrooms, fresh paint, and a fully updated private patio compliant with current California balcony safety requirements. The spacious living room features a fireplace, wet bar, and opens to a private patio with treetop views and beautiful morning light. The kitchen offers a breakfast nook, freshly painted cabinetry, and great potential to customize. Both bedrooms are generously sized with new carpet and ample closet space. Both bathrooms are full bathrooms, each with a tub and shower. HOA dues cover water, gas, sewer, trash, building maintenance, property management, and master insurance including earthquake coverage for the building (not interior units). Amenities include a gym, rec room, and community laundry on each level. The unit also has the potential for in-unit laundry installation subject to HOA and City approval. Two-car tandem parking in a covered, secured garage plus dedicated storage included. Just moments from the Santa Monica Stairs, Montana Avenue, and the beach—this is quintessential SoCal living. A rare opportunity to own north of Montana under $1M.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades PK-5 • 1.4 mi
Grades K-5 • 2.3 mi
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 | 1,182 | 1,568 | 17% |
| Lot Size | 25,062 | 32,778 | 44% |
| Price | $979.0K | $2.11M | 11% |
| Price per sq ft | $828 | $1.4K | 11% |
| Built year | 1974 | 1976 | 44% |
| HOA | $740.0 | $2.2K | 17% |
| Days on market | 33 | 206 | 6% |
Mar 20, 2026
$979,000
Initial Listing
Mar 8, 2013
$660,000
Public Record
Dec 4, 1996
$262,000
Public Record