2408 2nd Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 1 bath
ACTIVE$1,695,000
2408 2nd Street, Santa Monica, California 90405
2Beds
1Bath
688Sqft
2,508Lot
Year Built
1905
Close
-
List price
$1.7M
Original List price
$1.79M
Price/Sqft
$2,464
HOA
-
Days on market
-
Sold On
-
MLS number
25500661
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 2 Cons,3 Pros. Rank: price - $1.70M(14th), sqft - 688(5th), beds - 2(26th), baths - 1(19th).
Large back yard ripe for ADUs or large addition to front bungalow. Live in front bungalow and build ADUs or large extension. Seek City of SM records for historical identification. Plans for demo and new SFR available. Seller will carry. Many possiblities.
Price History
Date
Event
Price
05/31/17
Sold
$1,400,000
10/31/12
Sold
$737,500
Condition Rating
Poor
The property was built in 1905. Based on the images, the kitchen and bathroom are outdated and require substantial repairs and rehabilitation. The overall condition suggests significant deferred maintenance. The listing description mentions potential for demolition and new construction, further indicating the current state is not ideal.
Pros & Cons
Pros
Development Potential: Large backyard offers significant potential for ADUs (Accessory Dwelling Units) or a substantial addition to the existing bungalow, increasing property value and rental income possibilities.
Seller Financing: Seller is willing to carry financing, providing a flexible option for buyers and potentially easing the acquisition process.
Location: Located in Santa Monica, offering access to desirable amenities, schools, and lifestyle benefits.
Cons
Age of Property: Built in 1905, the property may require updates and maintenance to meet modern standards and address potential structural issues.
Historical Identification: Requires investigation of City of Santa Monica records for historical identification, potentially adding complexity to development plans.