
Santa Monica, California 90404
This property presents a High-Potential Investment Opportunity with a List Price of $1,800,000—positioned slightly above the $1,761,861 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and 6,598 sqft lot offer significant upside. The versatile 7-bedroom layout with an ADU-style garage conversion provides immediate rental income potential. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage the Santa Monica-Malibu Unified school district while executing a value-add renovation strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3354 Virginia Avenue Subject | $1,800,000* List Price | 7 | 6 | 1,695 | $1,039 | - |
A 3117 Virginia Avenue Active | $1,550,000 List Price | 5 | 5 | 1,787 | $867 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, the property shows signs of age and DIY-style updates. While it features newer laminate flooring and artificial turf, the kitchen and bathrooms are dated with basic finishes. The presence of a garage conversion and an enclosed patio used as a bedroom suggests potential permit issues, and the listing's emphasis on 'opportunity' and 'customization' indicates the home requires significant modernization and minor repairs to meet current market standards.
Situated on a generous 6,598 sqft lot in a highly sought-after Santa Monica neighborhood, the property offers significant land value and ample space for future expansion or redevelopment.
The versatile layout, featuring a 7-bedroom configuration and a garage converted into an ADU-style living space, provides an excellent opportunity for rental income or multi-generational living.
The property features brand-new artificial turf and updated laminate wood flooring, offering a low-maintenance exterior and a clean, move-in-ready aesthetic for the primary living areas.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1695, other record living area = 1295. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
With 7 bedrooms and 6 bathrooms squeezed into only 1,695 square feet, the individual room sizes are likely very small, resulting in a cramped interior layout that may lack functional common space.
The ADU-style conversion and enclosed patio lack explicit confirmation of legal permitting, which may require additional buyer due diligence and potential costs to bring the structures up to code.
Location location location! Opportunity awaits with this spacious Santa Monica property situated on a generous 50' x 130' lot in a convenient location. Offering exceptional flexibility and plenty of potential, this home is ideal for buyers looking to customize, update, or create additional value. The main residence features four bedrooms, five bathrooms, and an enclosed rear patio currently configured as an additional sleeping area (without a closet). Laminate wood flooring extends throughout the living spaces, while the kitchen and bathrooms are finished with durable tile flooring. A cozy fireplace anchors the living room, creating a warm and inviting gathering space. The attached garage has been converted into an ADU-style living space with two bedrooms and one bathroom, providing excellent flexibility for extended family, guests, a home office, or other uses. Buyers are encouraged to verify all permits and uses with the appropriate authorities. The front yard has been enhanced with brand-new artificial turf, offering attractive curb appeal with low-maintenance landscaping. Whether you're looking for a primary residence with flexible living space, a multigenerational home, or an investment opportunity, this property offers endless possibilities. Live in one living area while generating rental income from the other, or reimagine the property to suit your vision. With its desirable Santa Monica location, spacious lot, and versatile layout, this is a property you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.1 |
| Baths | 6.0 | 2.9 |
| Square foot | 1,695 | 1,967.643 |
| Lot Size | 6,598 | 6,981.625 |
| Price | $1.80M | $3.73M |
| Price per sq ft | $1.1K | $1.7K |
| Built year | 1951 | 1940 |
| HOA | $0 | $0 |
| Days on market | 47 | 58 |
Jul 24, 2026
$1,800,000
Initial Listing
Apr 28, 2016
$950,000
Public Record