
Santa Monica, California 90405
This property presents a High-Potential Investment Opportunity with a List Price of $3,495,000—positioned well below the $3,351,776 Fair Market Value by -4%. While the home carries a Condition Rating of 5, the 7,142 sqft lot and Ocean Views provide significant upside for a comprehensive renovation. The existing tenancy allows for immediate income generation while planning structural improvements. This value-add asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to restore a historic 1929 Tudor in a prime Santa Monica location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2418 4th Street Subject | $3,495,000* List Price | 4 | 3 | 1,770 | $1,894 | - |
A 1027 Grant Street Sold | $2,750,000 | 4 | 3 | 1,745 | $1,576 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929, this property shows significant signs of deferred maintenance, most notably a severely deteriorated and sagging roof that indicates potential structural issues. While the interior photos (taken prior to the current tenancy) show a clean aesthetic, the age of the home and the visible condition of the exterior envelope suggest that major systems and the building shell require a comprehensive rehab to meet modern safety standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7142, living area = 1770.
Situated in one of Santa Monica's most desirable neighborhoods, the property offers exceptional walkability to the beach, Main Street shops, and the trendy dining scenes of Abbot Kinney and Rose Avenue.
The rare 7,142 square-foot lot provides a sprawling backyard and private garden retreat, offering significantly more outdoor space and privacy than typical properties in this coastal area.
The property is sold subject to existing tenancy, which may delay owner-occupancy and complicates the transition for buyers looking for an immediate primary residence.
Listing photographs pre-date the current tenancy, meaning the current interior condition is not accurately represented and may require additional investment to restore to the depicted aesthetic.
Storybook charm, ocean views and an exceptional Ocean Park location come together at this enchanting 4-bedroom, 2.5-bath Santa Monica home. Set on a sprawling grassy 7,000+ square-foot lot, the home welcomes you with its whimsical Tudor-inspired roofline, graceful arched windows and beautifully preserved character. Inside, hardwood floors carry through a warm and inviting floor plan, where the spacious living room flows into an ocean-view dining area filled with natural light. The bright kitchen features abundant cabinetry and an adjoining breakfast nook. Two main-level bedrooms, a beautifully tiled bath with a separate shower and soaking tub, and a versatile bonus room offer wonderful flexibility for everyday living, working, and hosting. Upstairs, two additional bedrooms and a guest bath complete the layout. Outside, the expansive backyard feels like a private garden retreat, surrounded by mature trees and cooled by coastal breezes, with ample room to gather, play, and dine beneath the Santa Monica sky. A detached garage and long driveway provide generous parking and storage. Moments from the beach and Main Street's beloved shops, cafes and restaurants, with Venice's Abbot Kinney Blvd and Rose Avenue just nearby, this is a rare opportunity to enjoy space, character and an unmistakable sense of home in one of Santa Monica's most sought-after neighborhoods. **Tenant-occupied, the property is being sold subject to the existing tenancy. Listing photographs were taken prior to the current tenancy and depict the home with furnishings that are no longer in place.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 3.0 | 2.9 |
| Square foot | 1,770 | 1,967.643 |
| Lot Size | 7,142 | 6,981.625 |
| Price | $3.50M | $3.73M |
| Price per sq ft | $2.0K | $1.7K |
| Built year | 1929 | 1940 |
| HOA | $0 | $0 |
| Days on market | 13 | 58 |
Jul 23, 2026
$3,495,000
Initial Listing
Nov 21, 2016
$2,975,000
Public Record
May 9, 2016
$2,601,000
Public Record