3202 Urban Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 3 bed, 1 bath
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Santa Monica, California 90404
This property presents a High-Potential Investment Opportunity with a List Price of $1,075,000—positioned well below the $1,260,955 Fair Market Value by 14%. This valuation gap offers $185,955 in Instant Equity for buyers willing to execute a comprehensive renovation. With a Fair Condition Rating and a 1947 build date, the home requires significant updates to plumbing, electrical, and layout. The 6,507 sqft lot provides excellent expansion potential, making this a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking to build long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3202 Urban Avenue Subject | $1,075,000* List Price | 3 | 1 | 1,257 | $1,003 | - |
A 3017 Virginia Avenue Sold | $1,310,000 | 3 | 1 | 1,344 | $975 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 (79 years old) with no mentioned renovations or updates to major systems. The description targets investors and the price point is significantly below the Santa Monica median, suggesting the home requires a full rehab of the kitchen, bath, and likely outdated electrical/plumbing systems.
Situated in the highly desirable 90404 zip code, this property offers a rare entry-level price point for a single-family home in the competitive Santa Monica market.
The 6,507 square foot lot provides ample space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU) to maximize property value.
Ideal for investors or first-time buyers looking to build equity, the property serves as a versatile canvas for a comprehensive renovation or redevelopment project in a high-demand area.
The listing agent has had limited access to the interior, creating uncertainty regarding the current condition and potential immediate repair costs for prospective buyers.
With only one bathroom for a three-bedroom residence and a 1947 build date, the layout likely requires significant structural reconfiguration to meet modern living standards.
Great opportunity for first time home buyer or investor! 3 bedroom, 1 bath home in Santa Monica. Listing agent has viewed the intereior once, briefly. The MLS will be updated when the listing agent has viewed the property in it's entirety.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 1,257 | 1,257 | 50% |
| Lot Size | 6,507 | 6,182 | 71% |
| Price | $1.07M | $1.70M | 14% |
| Price per sq ft | $855 | $1.4K | 14% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 125 | 14% |
May 26, 2026
$1,075,000
Initial Listing