
Santa Monica, California 90402
Analysis of 454 E Rustic Road, Santa Monica, California 90402 is currently available with a list price of $2,899,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While originally built in 1906, the property has been thoughtfully maintained and features significant recent upgrades including a high-end Bertazzoni range, stainless steel appliances, and dual-pane Anderson windows. With updated roofing, HVAC systems, and professionally designed exterior hardscaping, the home is move-in ready and offers modern comfort while preserving its historic Craftsman character.
Situated in the highly coveted Rustic Canyon, this property offers a rare 'walk to the beach' lifestyle while remaining moments away from the upscale dining and shopping on Montana Avenue.
This 1906 Craftsman cottage preserves its timeless architectural character while benefiting from essential modern improvements, including a Bertazzoni range, dual-pane Anderson windows, and updated HVAC and roofing.
The property presents a unique opportunity to expand or reimagine the existing structure, providing a strong foundation for a custom luxury residence in one of Santa Monica's most exclusive enclaves.
With only 1,516 square feet of living space on a 4,124 square foot lot, the current footprint may be too restrictive for families seeking a larger move-in-ready estate without further investment.
The property has undergone multiple significant price reductions from its original $3.5M listing, which may indicate initial overpricing or historical market resistance that could affect future resale perception.
Location, location, location! Situated on the most sought after street in Rustic Canyon, offered for the first time in over 45 years. Set among lush tropical landscaping & mature Oaks, the property offers exceptional privacy and a true sense of retreat in one of Santa Monica's most coveted neighborhoods. Built in 1906, this classic Craftsman cottage features a welcoming, oversized front porch to enjoy East Rustic Rd's micro-climate & the surrounding sounds of nature, including Rustic Creek. The home has been thoughtfully maintained and updated over the years, with upgrades including stainless steel appliances with a Bertazzoni range, solid wood details, dual-pane Anderson windows, and professionally designed exterior hardscaping, decks, fencing, and lighting. The existing home offers a strong foundation and livable comfort today, while presenting a rare opportunity to expand, enhance, or reimagine. Second story space is an attic conversion. Whether restoring the charm, creating a larger custom residence, or blending indoor-outdoor living, the possibilities are exceptional. A peaceful canyon setting moments from the beach, canyon restaurants and all Santa Monica has to offer. Vacant and ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 4.0 | 23% |
| Square foot | 1,516 | 2,743 | 11% |
| Lot Size | 4,124 | 8,452 | 7% |
| Price | $2.90M | $5.08M | 9% |
| Price per sq ft | $1.9K | $2.0K | 48% |
| Built year | 1906 | 1948 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 250 | 189 | 80% |
Apr 18, 2026
$2,899,000
$2,950,000
-2% Price Drop
Initial Listing
Dec 19, 2025
$2,950,000
$3,250,000
-9% Price Drop
Initial Listing
Oct 26, 2025
$3,250,000
$3,500,000
-7% Price Drop
Initial Listing
Aug 15, 2025
$3,500,000
Initial Listing