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2509 4th Street, Santa Monica, California 90405, Santa Monica, 90405 - bed, bath

2509 4th Street, Santa Monica, California 90405 home-pic-0
ACTIVE$2,350,000$3,031/sqft
2509 4th Street, Santa Monica, California 90405
0Bed
0Bath
3,031Sqft
5,415Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location: Situated in a highly desirable Santa Monica pocket, offering walkability to the ocean, shops, and dining, enhancing its appeal and long-term value.
Top Cons:
Extensive Renovation Required: Described as a 'blank canvas' requiring buyers to 'bring your contractors,' indicating a need for significant capital investment and renovation to unlock its full potential.

Compared to the nearby listings

Price:$2.35M vs avg $2.02M (+$325,000)50%
Size:3,031 sqft vs avg 3,031 sqft50%
Price/sqft:$775 vs avg $66850%

More Insights

Built in 1920 (106 years old).
Condition: Built in 1920, this property is explicitly described as a 'blank canvas' requiring buyers to 'bring your contractors,' indicating extensive renovation is needed. The images confirm this, showing severely outdated and worn kitchens (missing appliances, old cabinets, tile countertops), bathrooms (vintage fixtures, old tile, peeling wallpaper), and flooring (worn hardwood, peeling painted floors, old tiles) across all units. Systems like heating appear to be outdated wall units, and the overall condition suggests significant deferred maintenance and a need for substantial repairs and rehabilitation to meet current living standards. It is not move-in ready and would be very uncomfortable to live in its current state.
Year Built
1920
Close
-
List price
$2.35M
Original List price
$2.35M
Price/Sqft
$775
HOA
-
Days on market
-
Sold On
-
MLS number
SB26007684
Home ConditionPoor
Features
Good View:
Deck
Patio
View-

About this home

Welcome to 2509 4th Street, blank canvas ready for an owner-user or savvy investor looking to reimagine a single-family residence with two flexible units. Priced at $775 per square foot, this value-add asset offers significant upside, with renovated comparables exceeding $1,300–$1,500 per square foot and an estimated ARV of $4M+. Situated on a 5,419 sq. ft. lot in one of Santa Monica’s most desirable pockets—just off 4th Street and walking distance to the ocean, shops, and dining—the property includes a 1,700 sq. ft., 3-bedroom, 2-bath front home plus two rear units (2BD/1BA and 1BD/1BA), ideal for rental income, guests, or creative use as an office, gym, or studio. An expansive open yard separates the front and rear structures, perfect for entertaining or future enhancements like a pool. Parking includes a driveway, two-car garage, and additional rear space for a total of four spots. For owner-users, the property may qualify for an exemption from Santa Monica rent control. The potential of this property is truly unlimited—bring your contractors and stop by to see it for yourself.

C
Cameron Samimi
Listing Agent
Condition Rating
Poor
Built in 1920, this property is explicitly described as a 'blank canvas' requiring buyers to 'bring your contractors,' indicating extensive renovation is needed. The images confirm this, showing severely outdated and worn kitchens (missing appliances, old cabinets, tile countertops), bathrooms (vintage fixtures, old tile, peeling wallpaper), and flooring (worn hardwood, peeling painted floors, old tiles) across all units. Systems like heating appear to be outdated wall units, and the overall condition suggests significant deferred maintenance and a need for substantial repairs and rehabilitation to meet current living standards. It is not move-in ready and would be very uncomfortable to live in its current state.
Pros & Cons

Pros

Exceptional Location: Situated in a highly desirable Santa Monica pocket, offering walkability to the ocean, shops, and dining, enhancing its appeal and long-term value.
Significant Investment Upside: Attractively priced at $775 per square foot, with renovated comparables exceeding $1,300-$1,500 per square foot and an estimated After Repair Value (ARV) over $4M, presenting substantial profit potential.
Versatile Multi-Unit Configuration: A triplex setup (3BD/2BA front home + 2BD/1BA + 1BD/1BA rear units) provides excellent flexibility for rental income, guest accommodations, or creative uses like an office or studio.
Potential Rent Control Exemption: Owner-users may qualify for an exemption from Santa Monica's rent control, offering a significant advantage for personal occupancy.
Generous Outdoor Space & Parking: Features an expansive open yard suitable for entertaining or future enhancements like a pool, complemented by ample parking including a driveway, two-car garage, and additional rear space for a total of four spots.

Cons

Extensive Renovation Required: Described as a 'blank canvas' requiring buyers to 'bring your contractors,' indicating a need for significant capital investment and renovation to unlock its full potential.
Age of Property (1920 Build): Built in 1920, the property is likely to have outdated systems and components, potentially leading to higher immediate and ongoing maintenance costs and requiring modernization.
Not Move-in Ready: The current condition implies it is not suitable for immediate occupancy without substantial upgrades and modernization, which may deter buyers seeking a turnkey solution.
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