2405 33rd Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 2 bath
2405 33rd Street
Santa Monica, California 90405
Property Price
SUMMARY
Analysis of 2405 33rd Street, Santa Monica, California 90405 reveals a Fairly Priced Property with a current list price of $2,195,000 aligned with the estimated $2,152,497 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2405 33rd Street Subject | $2,195,000* List Price | 2 | 2 | 1,338 | $1,609 | - |
A 2517 24th Street Sold | $2,770,000 | 3 | 2 | 1,349 | $2,053 | 0.7 mi |
B 2419 23rd Street Sold | $1,680,000 | 2 | 1 | 1,292 | $1,300 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1937, this California Bungalow is well-maintained and functional, featuring updated systems and a newer roof that allow for immediate occupancy. However, the property is primarily marketed as a development opportunity due to its dated interior, original-style footprint, and vintage finishes. While it avoids a 'poor' rating because it is livable and maintained, it lacks the modern renovations and high-end features required for a 'good' or 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7206, living area = 1338.
- Exceptional Development Potential
The oversized 7,206 sqft lot is significantly larger than standard parcels in Sunset Park, providing a rare canvas for a high-end luxury new build with high resale margins.
- Prime Sunset Park Location
Situated in one of Santa Monica's most desirable neighborhoods, the property offers proximity to top-tier schools, the beach, and popular retail corridors, ensuring long-term value appreciation.
CONSRISKS & DEFICIENCIES
- High Price for Land Value
At a $2.3M price point, the value is primarily in the land, requiring a buyer with significant additional capital to realize the property's highest and best use through construction.
- Dated and Small Footprint
The original 1937 structure offers only 1,338 square feet of living space, which may be insufficient for modern luxury buyers without a complete expansion or rebuild.
About 2405 33rd Street
*Offers due March 6th 6pm* Prime development opportunity in Sunset Park, Santa Monica. This is an exceptional opportunity to acquire an oversized lot in the heart of Santa Monica's highly sought after Sunset Park neighborhood. Surrounded by recent new construction, this property is ideally positioned for a ground-up luxury new build with strong resale potential. The lot offers favorable scale for a modern, high-end residence consistent with nearby new builds, making it a compelling option for developers seeking location, lot size, and proven market demand. The area continues to command premium pricing due to proximity to beach and mid-city, the westside's top schools, and vibrant retail and dining corridors. Owner-User Alternative: The existing California Bungalow features updated systems and a newer roof, allowing immediate occupancy while planning future development. Owner-users may also explore the ability to add an ADU or two, creating additional income or flexible living options (buyer to verify). A rare chance to secure a high-potential Sunset Park asset with multiple exit strategies in one of Santa Monica's strongest micro-markets.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1937
- Lot Size
- 7,206 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,338 | 1,555 | 31% |
| Lot Size | 7,206 | 6,116 | 90% |
| Price | $2.19M | $2.54M | 33% |
| Price per sq ft | $1.6K | $1.3K | 74% |
| Built year | 1937 | 1945 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 155 | 13% |
Pricing History
Listed for Sale
Mar 4, 2026
$2,195,000
$2,299,999
-5% Price Drop
Initial Listing
Price Change
Jan 26, 2026
$2,299,999
Initial Listing