2817 Virginia Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 3 bed, 3 bath
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Santa Monica, California 90404
This modernized Santa Monica bungalow is a Prime Investment Opportunity, listed at $2,225,000—positioned well below the $2,295,160 Fair Market Value by 3%. This valuation gap provides $70,160 in Instant Equity. Boasting an Excellent Condition Rating, the residence features a high-end chef's kitchen and a permitted 289 sq ft studio with a kitchenette. Located in the Santa Monica-Malibu Unified School District near Bergamot Station, it offers a premium lifestyle with rental upside. This is an ideal find for Owner-Occupants or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2817 Virginia Avenue Subject | $2,175,000* List Price | 3 | 3 | 1,843 | $1,207 | - |
A 3344 Delaware Avenue Sold | $2,048,010 | 4 | 2 | 1,482 | $1,382 | 0.4 mi |
B 3330 Delaware Avenue Sold | $1,700,000 | 3 | 2 | 1,213 | $1,401 | 0.4 mi |
C 3345 Virginia Avenue Sold | $1,750,000 | 3 | 2 | 1,250 | $1,400 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1928, the property has undergone a comprehensive modern renovation likely within the last 5 years. It features a high-end chef's kitchen with contemporary cabinetry and geometric tile, updated bathrooms with floating vanities, and modern systems including an EV charger and recessed lighting. The addition of a newly permitted studio and the mint condition of the interior finishes align with the Excellent criteria.
The inclusion of a 289 sqft permitted studio with a kitchenette and full bath provides exceptional versatility for guest quarters, a professional home office, or potential rental income.
The home features vaulted ceilings, skylights, and a primary suite with floor-to-ceiling glass that seamlessly connects the interior to the lush backyard, epitomizing the California lifestyle.
Boasting high walkability, the property is situated within blocks of Bergamot Station, top-rated schools, and local cafes, while remaining just a five-minute drive from the beach.
As a 1928 build, the property may have underlying infrastructure limitations or maintenance requirements typical of older homes that are not always fully mitigated by modern cosmetic updates.
While the driveway accommodates two cars and an EV charger, the absence of a traditional enclosed garage may be a drawback for buyers seeking secure vehicle storage or additional covered utility space.
If quintessential indoor/outdoor entertaining is what you're looking for, this updated and modern, 3 bed, 3 bath Santa Monica bungalow plus a 289 sq ft permitted Studio w kitchenette and bath is a perfect find. Striking curb appeal greets you with lovely drought-tolerant landscaping and a dual-zoned drip system. Providing absolute charm alongside modern conveniences, this home features vaulted ceilings, recessed lighting, large chef's kitchen with loads of storage, big windows and skylights for spectacular sunshine, and a great layout conducive to indoor and outdoor living and entertaining. The modern primary suite features ample and organized closets, a built-in shoe cabinet & dresser, and floor-to-ceiling glass overlooking the lush backyard. A newly built studio with permits provides for guest quarters or separate work/flex space complete with a full bath and kitchenette. Room in driveways for 2 car spaces + EV charger. Very close proximity to everyday necessities including grocers, cafes, several parks, great restaurants, highly ranked schools, and Bergamot Station all within a few blocks. Plus, it's only a five-minute drive to the beach or Promenade.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,843 | 1,344 | 71% |
| Lot Size | 6,503 | 6,182 | 71% |
| Price | $2.17M | $1.75M | 71% |
| Price per sq ft | $1.2K | $1.4K | 43% |
| Built year | 1928 | 1944 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 124 | 14% |
May 3, 2026
$2,175,000
$2,225,000
-2% Price Drop
Initial Listing
Apr 22, 2026
$2,225,000
Initial Listing
May 5, 2023
$1,875,000
Public Record
Oct 27, 2005
$830,000
Public Record
Mar 29, 1994
$235,000
Public Record