506 Georgina Avenue, Santa Monica, California 90402, Santa Monica, 90402 - 4 bed, 4 bath
506 Georgina Avenue
Santa Monica, California 90402
Property Price
SUMMARY
Analysis of 506 Georgina Avenue, Santa Monica, California 90402 reveals a property with a current list price of $6,495,000, which is 11% above the estimated $5,822,681 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 Georgina Avenue Subject | $6,495,000* List Price | 4 | 4 | 2,451 | $2,376 | - |
A 227 Alta Avenue Sold | $5,100,052 | 2 | 2 | 2,000 | $2,550 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1952 and offered for the first time in over 50 years, this property is positioned as a redevelopment opportunity on a rare 11,000+ sq. ft. lot. The listing description explicitly suggests developing a 'brand new custom masterpiece,' and the lack of interior photos combined with the 'dated condition' analysis indicates the value is almost entirely in the land rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11087, living area = 2451.
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Premier Location
Situated on the prestigious palm-lined Georgina Avenue, the property is just two blocks from Ocean Avenue and within walking distance to Montana Avenue’s elite shopping and dining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Dated Condition
Built in 1952 and held for decades, the home likely requires significant modernization or a complete teardown to meet the expectations of today's luxury buyers.
- High Acquisition Cost
At a $6.495M price point, the value is primarily in the land, requiring a buyer with substantial additional capital for construction or major structural improvements.
About 506 Georgina Avenue
First time on market in over 50 years!! Situated on the famed palm-lined Georgina Ave, sits this charming 4Bd/4Ba Santa Monica gem. Located on an 11,000+ sq. ft. oversized lot, in one of Santa Monica's most sought after locations, this is a rare opportunity to envision & develop a brand new custom masterpiece or simply update and make this sweet home your own. Just moments to Montana Avenue's in demand Shopping & Dining, and only two blocks to stunning daily Sunrise & Sunset's on Ocean Ave! With many highly ranked local schools of all grade levels in close proximity, this property provides the utmost in Santa Monica Living! One one of the largest lots to be available in this neighborhood in many years, do not miss this unique opportunity to create the Santa Monica Dream! Interior professional photos Coming Soon!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 11,087 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.4 mi
Franklin Elementary School
Grades PK-5 • 1.5 mi
Brentwood Science School
Grades K-5 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,451 | 3,103 | 42% |
| Lot Size | 11,087 | 8,693 | 76% |
| Price | $6.50M | $5.10M | 62% |
| Price per sq ft | $2.6K | $1.7K | 93% |
| Built year | 1952 | 1948 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 183 | 2% |
Pricing History
Listed for Sale
Feb 27, 2026
$6,495,000
Initial Listing