3316 Pearl Street, Santa Monica, California 90405, Santa Monica, 90405 - 6 bed, 4 bath
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Santa Monica, California 90405
This Turnkey Multi-Unit Property represents a Strong Value Opportunity, listed at $2,995,000—positioned well below the $3,130,534 Fair Market Value by 4%. This valuation gap offers $135,534 in Instant Equity. Featuring a Mint Condition Rating, the property includes a fully remodeled main residence and a Brand New 1,000 sqft ADU. Located in the Santa Monica-Malibu Unified School District, this asset is ideal for Buy-and-Hold Investors seeking passive income or Owner-Occupants desiring a high-end, flexible living arrangement.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3316 Pearl Street Subject | $2,995,000* List Price | 6 | 4 | 2,764 | $1,133 | - |
A 2658 34th Street Sold | $3,004,454 | 5 | 4 | 2,667 | $1,127 | 0.1 mi |
B 2336 22nd Street Sold | $3,050,000 | 4 | 2 | 2,500 | $1,220 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a comprehensive recent remodel of the main home and a brand-new 1,000 sqft ADU. It includes a new roof, full HVAC, tankless water heater, and modern, high-end kitchen and bath finishes. The condition is mint and move-in ready, qualifying as a <5-year renovation.
The brand new, 1,000 sqft detached two-story ADU offers a rare opportunity for significant passive rental income or flexible multi-generational living in a high-demand Santa Monica pocket.
Both the main residence and ADU are in immaculate condition, featuring a remodeled kitchen, updated baths, new roof, and full HVAC, providing a move-in-ready experience with no immediate capital expenditure required.
Located in the award-winning Santa Monica-Malibu Unified School District, the property boasts an excellent walkscore with close proximity to Grant Elementary, Whole Foods, and Trader Joe's.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2764, other record living area = 1767. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
With two substantial structures on a sub-6,000 sqft lot, the remaining backyard space may feel constrained and lack the privacy typically expected at this price point.
The addition of a large two-story ADU increases the lot coverage significantly, which may result in reduced natural light and a more urban, high-density feel compared to neighboring single-family homes.
Opportunity knocks in one of Santa Monica's most beloved neighborhoods! This beautifully remodeled main home paired with a BRAND NEW ADU is a rare, turnkey find. The main residence has 4BD/2BA across ~1,767 sqft of bright, coastal living remodeled kitchen and baths, custom millwork and wallpaper, new roof, full HVAC, and tankless water heater. Immaculate and move-in ready. The highlight: a brand new, two-story, 1,000 sqft detached ADU with 2BD/1.5BA can be used for passive income or multi-generational living. On a nearly 6,000 sqft lot with room for a backyard and driveway. Award-winning Santa Monica-Malibu Unified School District, with Grant Elementary just down the street. Walk to Trader Joe's, Whole Foods, parks, and shops. Priced to sell, listed by owner. Bring your buyers!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 94% |
| Baths | 4.0 | 2.5 | 76% |
| Square foot | 2,764 | 1,894.5 | 82% |
| Lot Size | 5,974 | 6,244 | 41% |
| Price | $3.00M | $2.77M | 59% |
| Price per sq ft | $1.1K | $1.4K | 3% |
| Built year | 1946 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 138 | 6% |
May 27, 2026
$2,995,000
Initial Listing
May 28, 2021
$2,303,000
Public Record
Nov 8, 2016
$1,725,000
Public Record
May 9, 2014
$1,365,013
Public Record
Jan 15, 2014
$1,220,000
Public Record
Jun 24, 2011
$875,000
Public Record