417 11th Street, Santa Monica, California 90402, Santa Monica, 90402 - 5 bed, 3 bath
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Santa Monica, California 90402
This 1926 Spanish classic represents a High-Potential Investment Opportunity with a List Price of $3,800,000—positioned well below the $3,781,701 Fair Market Value (Note: Market is currently balanced). With a Condition Rating of 6, this asset offers significant upside for a complete renovation or expansion on a 7,527 sqft lot. Located in the prestigious Roosevelt Elementary School district, the property provides long-term stability for Buy-and-Hold Investors or Owner-Occupants seeking to customize a prime North of Montana residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 417 11th Street Subject | $3,800,000* List Price | 5 | 3 | 2,251 | $1,680 | - |
A 540 Lincoln Boulevard Sold | $3,960,000 | 4 | 2 | 1,978 | $2,002 | 0.3 mi |
B 246 16th Street Sold | $4,650,000 | 4 | 3 | 2,388 | $1,947 | 0.4 mi |
C 1015 San Vicente Boulevard Sold | $3,850,000 | 3 | 3 | 2,332 | $1,651 | 0.3 mi |
D 389 Upper Mesa Road Active | $2,995,000 List Price | 3 | 3 | 2,094 | $1,430 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1926 and on the market for the first time in 60 years, this property is explicitly priced at lot value. While the description mentions it is 'livable,' the age of the structure (98 years) and lack of significant renovations to the kitchen, baths, or systems in over half a century align with the criteria for land value only.
Elementary School: Franklin Elementary School (9/10).
Situated in one of Santa Monica's most prestigious neighborhoods and within the highly-rated Roosevelt Elementary School district, ensuring long-term investment stability and desirability.
Priced at lot value and offered for the first time in 60 years, this property presents a rare opportunity for a complete renovation, expansion, or ground-up redevelopment on a generous 7,527 sqft lot.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
While clean and livable, the property is being sold for its land value, indicating that significant capital investment is required to update systems, finishes, and amenities to meet modern luxury standards.
The original 1920s layout and lack of contemporary features, such as an open-concept kitchen or modern HVAC, may deter buyers looking for a turnkey residence in this price point.
Charming, single-story, 1926 Spanish home. First time on the market in 60 years, this delightful Santa Monica classic is ready for its next chapter. Cute, clean, and livable- while being priced at lot value! Spanning approximately 2,250 sqft, 5 bedrooms and 2.5 bathrooms with lovely original details throughout. Desirable, one-level, floorplan! Living room features graceful archways, barreled ceiling and fireplace, formal dining room, family room which can be used as 5th bedroom, sunny kitchen with breakfast room, and primary bedroom with walk-in closet opening to backyard. Covered, 2-car, parking and large workshop. Well-located on peaceful 11th Street, within Roosevelt School District. This compelling value-add opportunity is perfect for those looking to renovate or expand in a prime North of Montana Avenue location - or just move right in! No purchase offers will be considered prior to offer deadline of 7/20/26. Reports, disclosures, inspections and offer guidelines available.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades PK-5 • 1.1 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,251 | 2,285.5 |
| Lot Size | 7,527 | 7,496 |
| Price | $3.80M | $3.70M |
| Price per sq ft | $1.7K | $1.7K |
| Built year | 1926 | 1936 |
| HOA | $0 | $0 |
| Days on market | 13 | 51 |
Jul 9, 2026
$3,800,000
Initial Listing