
Santa Monica, California 90405
This Sophisticated Townhome represents a Strong Value Opportunity, listed at $1,575,000—positioned well below the $1,663,101 Fair Market Value by 5%. This valuation gap offers $88,101 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with modern Caesarstone finishes and historic Mills Act tax benefits, this property offers a turnkey lifestyle with significant financial upside. Its unique architectural volume and expansive rooftop deck make it an ideal acquisition for Owner-Occupants or sophisticated professionals seeking coastal living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2433 28th Street B Subject | $1,575,000* List Price | 2 | 3 | 1,770 | $940 | - |
A 2408 34th Street 5 Sold | $1,540,000 | 2 | 3 | 1,974 | $780 | 0.4 mi |
B 2425 20th Street B Sold | $1,899,000 | 3 | 3 | 1,699 | $1,118 | 0.6 mi |
C 2425 20th Street A Sold | $1,893,585 | 3 | 3 | 1,894 | $1,000 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1981 build date, the property has undergone extensive recent renovations. The kitchen is updated with modern Caesarstone countertops and premium appliances, and the bathrooms have been completely remodeled. The interior features mint-condition hardwood floors and contemporary finishes, requiring no immediate maintenance.
Being on the Historic Register and qualifying for Mills Act tax benefits provides significant property tax savings, a rare and highly valuable financial incentive in Santa Monica.
The home features dramatic 20-foot ceilings and an exceptional amount of private outdoor space, including a garden area, balcony, and a rooftop deck with mountain and city views.
Extensive updates including a Caesarstone kitchen, renovated bathrooms, and hardwood floors ensure a turn-key, sophisticated living experience in the desirable Sunset Park neighborhood.
The monthly association fee of $819.60 is relatively high, which may impact the overall affordability and debt-to-income ratios for some prospective buyers.
The multi-level layout, spanning from the lower-level bedrooms to the upper loft and rooftop deck, involves significant stair usage which may not appeal to all demographics.
On the Historic Register of architectural landmarks in Santa Monica, and currently qualifying for Mills Act tax benefits, this sophisticated townhome offers an exceptional blend of style, light, and functionality. Soaring 20-foot ceilings and expansive windows fill the open-concept living, dining, and kitchen spaces with natural light. The updated kitchen features sleek Caesarstone countertops and premium appliances, seamlessly connecting to the home's entertaining spaces. A versatile loft provides the ideal setting for a home office, creative studio, or lounge opening to a private balcony and continuing to an expansive rooftop deck with city and mountain views. The lower level features two bedrooms and two full bathrooms, including a primary suite complete with a private patio. and garden area. Extensive renovations include hardwood floors, new bathrooms, an updated powder room, in-unit laundry, and a large walk-in closet. Two side-by-side parking spaces in a gated subterranean garage, and a dedicated storage room add to the list of special features. Ideally situated in Santa Monica's sought-after Sunset Park neighborhood, the residence is moments from the vibrant shops and restaurants of Pico Boulevard and Ocean Park, as well as Clover Park, Trader Joe's, local farmers markets, and the beach. A rare opportunity to enjoy iconic architectural design and coastal living in one of Santa Monica's most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,770 | 1,332.636 |
| Lot Size | 24,009 | 8,171.182 |
| Price | $1.57M | $1.30M |
| Price per sq ft | $890 | $979 |
| Built year | 1981 | 1976 |
| HOA | $819.6 | $553 |
| Days on market | 34 | 57 |
Aug 6, 2026
$1,575,000
Initial Listing
Nov 13, 2020
$1,220,000
Public Record