3117 Virginia Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 5 bed, 5 bath
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3117 Virginia Avenue
Santa Monica, California 90404
ACTIVE
CONDITION: POOR
5Beds
5Baths
1,787Sq Ft
6,485Lot Size
Property Price
LIST PRICE$1,550,000
EST. MARKET VALUE
$1,469,852
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,550,000—positioned well above the $1,469,853 Fair Market Value by -5%. While the property requires significant modernization given its Fair Condition Rating, the expansive 6,485 sq ft lot and rare 5-bedroom layout provide substantial upside for forced appreciation. The detached garage offers significant ADU potential, making this a strategic asset for Buy-and-Hold Investors or Contractors looking to maximize rental yield in a high-demand Santa Monica neighborhood.
Estimated Market Value
$1,469,852
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 |
|---|---|---|---|---|---|---|
★ 3117 Virginia Avenue Subject | $1,550,000* List Price | 5 | 5 | 1,787 | $823 | - |
A 3202 Urban Avenue Sold | $1,177,000 | 3 | 1 | 1,257 | $936 | 0.1 mi |
B 3101 Virginia Avenue Active | $1,788,000 List Price | 4 | 5 | 1,646 | $1,086 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1938 (>80 years old) with no mention of recent renovations. The primary listing photo is a digital rendering, suggesting the actual exterior and interior are not in market-ready condition. The description emphasizes 'potential,' 'upside,' and 'making it your own,' which are industry indicators for a property needing a full rehab of kitchens, bathrooms, and major systems.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The expansive 6,485 sq ft lot paired with a detached garage offers significant ADU potential and room for expansion in a high-demand Santa Monica neighborhood.
- High Utility Configuration
Featuring a rare 5-bedroom, 5-bathroom layout, the property provides exceptional utility for large families or high-yield rental investment opportunities.
- Strategic Value-Add Opportunity
Priced competitively for the area, this property serves as an ideal entry point for investors or homeowners looking to build equity through renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1787, other record living area = 959. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
- Dated Infrastructure
Originally built in 1938, the property likely requires substantial modernization and capital expenditure to meet contemporary living standards.
- Cramped Interior Proportions
With 10 total rooms (5 beds/5 baths) squeezed into 1,787 sq ft, the individual living spaces and bedrooms may feel undersized and lack a modern open flow.
About 3117 Virginia Avenue
An incredible opportunity awaits on this massive 6485 sq ft lot. Cozy and spacious home in Santa Monica with excellent potential and an attractive value, provides a generous layout with room to make it your own. A detached garage with ADU potential. Whether you're looking for a primary residence, an investment, or a property with upside, this home presents an exciting opportunity to create something special in one of Los Angeles' most sought-after communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 6,485 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 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 | 5.0 | 3.1 |
| Baths | 5.0 | 2.9 |
| Square foot | 1,787 | 1,967.643 |
| Lot Size | 6,485 | 6,981.625 |
| Price | $1.55M | $3.73M |
| Price per sq ft | $867 | $1.7K |
| Built year | 1938 | 1940 |
| HOA | $0 | $0 |
| Days on market | 31 | 58 |
Pricing History
Listed for Sale
Aug 9, 2026
$1,550,000
Initial Listing