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2509 4th Street, Santa Monica, California 90405, Santa Monica, 90405 - 6 bed, 4 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
6Beds
4Baths
3,031Sqft
5,415Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Santa Monica Location: Situated in one of Santa Monica’s most desirable pockets, just off 4th Street and within walking distance to the ocean, shops, and dining, offering unparalleled lifestyle convenience.
Top Cons:
Requires Extensive Renovation: Described as a 'blank canvas,' the property requires significant capital investment and contractor work to realize its full potential and achieve market-comparable values.

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 'extensive renovation' and is 'not move-in ready.' The images confirm this, showing heavily worn and damaged hardwood floors, peeling paint, and extremely outdated kitchens and bathrooms across all units. Kitchens feature old cabinets, basic countertops, and no visible modern appliances, with one missing cabinet doors. Bathrooms are very dated with original-style fixtures and tiling. Major systems are likely original or very old, with visible wall heaters suggesting a lack of modern HVAC. The property requires substantial repairs and rehabilitation to be brought to current living standards.
Year Built
1920
Close
-
List price
$2.35M
Original List price
$2.35M
Price/Sqft
$775
HOA
-
Days on market
-
Sold On
-
MLS number
SB26007753
Home ConditionPoor
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

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 'extensive renovation' and is 'not move-in ready.' The images confirm this, showing heavily worn and damaged hardwood floors, peeling paint, and extremely outdated kitchens and bathrooms across all units. Kitchens feature old cabinets, basic countertops, and no visible modern appliances, with one missing cabinet doors. Bathrooms are very dated with original-style fixtures and tiling. Major systems are likely original or very old, with visible wall heaters suggesting a lack of modern HVAC. The property requires substantial repairs and rehabilitation to be brought to current living standards.
Pros & Cons

Pros

Prime Santa Monica Location: Situated in one of Santa Monica’s most desirable pockets, just off 4th Street and within walking distance to the ocean, shops, and dining, offering unparalleled lifestyle convenience.
Significant Value-Add Potential: Priced as a 'blank canvas' at $775 per square foot, this asset offers substantial upside, with renovated comparables exceeding $1,300–$1,500 per square foot and an estimated After Repair Value (ARV) of $4M+.
Income-Generating Triplex Configuration: Comprising a 3-bedroom front home and two additional rear units (2BD/1BA and 1BD/1BA), the property provides excellent flexibility for rental income, guest accommodations, or creative uses.
Potential Rent Control Exemption: For owner-users, the property may qualify for an exemption from Santa Monica's stringent rent control regulations, offering a significant advantage and increased control over the units.
Ample Parking and Outdoor Space: The property boasts a driveway, a two-car garage, and additional rear space for a total of four parking spots, complemented by an expansive open yard ideal for entertaining or future enhancements like a pool.

Cons

Requires Extensive Renovation: Described as a 'blank canvas,' the property requires significant capital investment and contractor work to realize its full potential and achieve market-comparable values.
Age of Property: Built in 1920, the property likely features outdated systems, infrastructure, and finishes, which will necessitate comprehensive upgrades and modernization.
Not Move-In Ready: The current condition implies it is not immediately habitable or turn-key, requiring a buyer with the capacity and willingness to undertake a substantial renovation project.
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