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2431 3rd Street 2, Santa Monica, California 90405, Santa Monica, 90405 - 1 bed, 1 bath

2431 3rd Street 2, Santa Monica, California 90405 home-pic-0
ACTIVE$599,000
2431 3rd Street 2, Santa Monica, California 90405
1Bed
1Bath
628Sqft
7,737Lot
Year Built
1964
Close
-
List price
$599K
Original List price
$699K
Price/Sqft
$954
HOA
$498.62
Days on market
-
Sold On
-
MLS number
SR25050377
Home ConditionFair
Features
Excellent View: None
Deck
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $599.0K(9th), sqft - 628(9th), beds - 1(22th), baths - 1(22th).

Major Price Improvement! Welcome to 2431 3rd Street, Unit 2 in the heart of Santa Monica. This rare gem is located just a few blocks from the beach and hip Main Street with trendy shops and restaurants. City convenience meets Coastal Charme! The 1-bedroom, 1-bathroom unit offers 628 square feet of smartly designed living space with a bright open-concept layout which maximizes functionality and style. Bedroom has ample closet space and bathroom is tastefully updated. The complex enjoys a common rooftop deck with amazing ocean and city views. Dine al-fresco or lounge. 2 car parking included. This is a must-see! Summer in Santa Monica is waiting for you! Note: HOA allows in-unit laundry (buyer to verify).

Price History

Date
Event
Price
08/26/25
Sold
$562,000
11/05/21
Sold
$500,000
01/10/02
Sold
$185,000
02/26/97
Sold
$79,000
Condition Rating
Fair
Built in 1964, this unit shows signs of regular upkeep and some updates. The bathroom has been tastefully updated, appearing clean and modern. However, the kitchen features dated white tile countertops and backsplash, along with a mix of newer (refrigerator) and older (stove, dishwasher) appliances, indicating it has not undergone a recent extensive renovation. While move-in ready, the kitchen would likely require minor updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria of being aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Prime Coastal Location: Situated just blocks from Santa Monica Beach and vibrant Main Street, offering unparalleled walkability to trendy shops, restaurants, and the ocean.
Rooftop Deck with Panoramic Views: Residents enjoy access to a common rooftop deck boasting amazing ocean and city views, perfect for al-fresco dining and relaxation.
Valued Dedicated Parking: The inclusion of two dedicated parking spaces is a significant advantage and highly sought-after amenity in a dense coastal market like Santa Monica.
Efficient & Updated Living Space: Features a smartly designed, bright open-concept layout with a tastefully updated bathroom, maximizing functionality and modern appeal within its footprint.
Potential for In-Unit Laundry: The HOA permits in-unit laundry installation (buyer to verify), offering a desirable convenience and potential value enhancement.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-26. The sold price is $562,000.00.
Compact Square Footage: With 628 square feet, the unit offers a compact living space, which may limit appeal for buyers seeking more expansive accommodations.
Building Age: Constructed in 1964, the building's age may suggest potential for future common area maintenance, capital improvements, or dated infrastructure.
Elevated HOA Fees: The monthly association fee of $498.62 is relatively high for a 1-bedroom unit, impacting overall affordability and monthly ownership costs.

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