
Santa Monica, California 90402
This 1906 Craftsman Cottage represents a Strong Value Opportunity, listed at $2,899,000—positioned well below the $2,659,062 Fair Market Value by 9%. While the property is in Condition Rating 3, it features modern upgrades like a Bertazzoni range and dual-pane Anderson windows. The serene canyon view and expansive deck offer a unique retreat, while the lot provides significant potential for expansion. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a historic Santa Monica residence with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 454 E Rustic Road Subject | $2,899,000* List Price | 3 | 2 | 1,610 | $1,726 | - |
A 219 Entrada Drive Active | $2,500,000 List Price | 3 | 2 | 1,892 | $1,321 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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.
Own a piece of AMERICAN HISTORY, 1906 Rustic Canyon original! If you're looking for a loud, bustling, traffic filled, neighborhood, this is not the home for you! If being surrounded by tropical landscaping, canopies of centuries old trees filled w/native birds, the calming, peaceful sound of water flowing thru Rustic creek & happy, waving neighbors passing by is more your speed, then this is exactly where you need to be. Situated on the most sought after street in Rustic Canyon, offered for the first time in over 45 years. Offering exceptional privacy and a true sense of retreat in one of Santa Monica's most coveted neighborhoods. This 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 & doors, professionally designed exterior hardscaping, decks, fencing, and lighting. The existing home offers a strong foundation and livable comfort today, while also presenting the opportunity to expand, enhance, or completely reimagine. Second story sleeping rooms, office, closet & bath were created from an attic conversion, boasting the ability to reconfigure to present day lifestyles. Whether restoring the charm, creating a larger custom residence, or blending indoor-outdoor living, the possibilities are exceptional. A peaceful canyon setting minutes from Wil/Ginger Rogers beach, canyon restaurants, 3rd St Promenade 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 |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 3.5 |
| Square foot | 1,610 | 2,285.5 |
| Lot Size | 4,124 | 7,496 |
| Price | $2.90M | $3.70M |
| Price per sq ft | $1.8K | $1.7K |
| Built year | 1906 | 1936 |
| HOA | $0 | $0 |
| Days on market | 341 | 51 |
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