2817 Virginia Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 4 bed, 4 bath
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2817 Virginia Avenue
Santa Monica, California 90404
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
4Baths
2,132Sq Ft
6,503Lot Size
Property Price
LIST PRICE$2,099,000
EST. MARKET VALUE
$2,246,035
6% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $2,099,000—positioned well below the $2,246,036 Fair Market Value by 6%. This valuation gap offers $147,036 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a modern chef's kitchen, vaulted ceilings, and a permitted studio with a kitchenette. Located in the Santa Monica-Malibu Unified district, this property is an ideal acquisition for Owner-Occupants or sophisticated investors seeking a high-end, move-in ready asset.
Estimated Market Value
$2,246,035+$147,035 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2817 Virginia Avenue Subject | $2,099,000* List Price | 4 | 4 | 2,132 | $1,053 | - |
A 1434 24th Street Active | $2,195,000 List Price | 4 | 3 | 2,081 | $1,055 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1928, the property has undergone a comprehensive high-end modern renovation within the last 5 years. It features a contemporary chef's kitchen, updated bathrooms, a newly permitted studio, and modern systems including an EV charger. The interior is in mint condition with vaulted ceilings and floor-to-ceiling glass, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Permitted Studio
The property includes a newly built, 289 sq ft permitted studio with a kitchenette and full bath, providing excellent flexibility for guest quarters, a professional home office, or potential rental income.
- Modernized Indoor-Outdoor Flow
Extensively updated with vaulted ceilings, a chef's kitchen, and a primary suite featuring floor-to-ceiling glass, the home perfectly facilitates the quintessential Southern California indoor-outdoor entertaining lifestyle.
- Prime Santa Monica Location
Situated in a highly walkable area near Bergamot Station, top-rated schools, and local parks, the home offers urban convenience while remaining just a five-minute drive from the beach and Third Street Promenade.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2132, other record living area = 1843. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Lack of Enclosed Garage
While the driveway accommodates two cars and an EV charger, the absence of a formal enclosed garage may be a drawback for buyers prioritizing secure vehicle storage or additional workshop space.
- Absence of Scenic Views
Despite the premium Santa Monica price point and modern aesthetic, the property lacks any significant views, which may impact its competitive edge against other luxury listings in the area.
About 2817 Virginia Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 6,503 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 4.0 | 2.9 |
| Square foot | 2,132 | 1,967.643 |
| Lot Size | 6,503 | 6,981.625 |
| Price | $2.10M | $3.73M |
| Price per sq ft | $985 | $1.7K |
| Built year | 1928 | 1940 |
| HOA | $0 | $0 |
| Days on market | 13 | 58 |
Pricing History
Listed for Sale
Aug 27, 2026
$2,099,000
Initial Listing
Sold
May 5, 2023
$1,875,000
Public Record
Sold
Oct 27, 2005
$830,000
Public Record
Sold
Mar 29, 1994
$235,000
Public Record