507 W Rustic Rd., Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath
507 W Rustic Rd.
Santa Monica, California 90402
Property Price
SUMMARY
Analysis of 507 W Rustic Rd., Santa Monica, California 90402 reveals a Fairly Priced Property with a current list price of $3,960,000 aligned with the estimated $3,960,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 |
|---|---|---|---|---|---|---|
★ 507 W Rustic Rd. Subject | $3,960,000* List Price | 3 | 3 | 2,176 | $1,820 | - |
A 671 San Lorenzo Street Sold | $4,266,200 | 2 | 4 | 2,473 | $1,725 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1973, this property is 51 years old and the listing explicitly states it needs to be 'refreshed with thoughtful updates or completely re-envisioned,' indicating substantial renovation is required. The property analysis also highlights 'Dated Condition & Renovation Required' and 'significant renovation costs.' While no images of the kitchen or bathrooms are provided, the general interior photos show dated finishes, original hardwood floors, and an older brick fireplace, with one room showing unfinished wall areas. This suggests that major components, including critical areas like kitchens and bathrooms, are likely original or last updated 30-50 years ago, requiring extensive rehabilitation to meet modern standards.
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 = 13748, living area = 2176.
- Exceptional Location
Nestled in the highly sought-after Santa Monica Canyon on a quiet, tree-lined street, offering a blend of tranquility, natural beauty, and coastal convenience, moments from top-rated schools and attractions.
- Generous Lot Size
An expansive nearly 14,000-square-foot lot is a rare find in Santa Monica, providing ample outdoor space and significant potential for expansion or landscaping.
CONSRISKS & DEFICIENCIES
- Dated Condition & Renovation Required
Built in 1973, the property is described as needing 'thoughtful updates or completely re-envisioned,' implying significant renovation costs and effort to modernize the home.
- High Entry Price Point
With a list price of $3.96 million, the property represents a substantial investment, which may narrow the pool of potential buyers, even for a prime Santa Monica location.
- Extensive Project Scope
While offering development potential, the need for a full 're-envisioning' suggests a major undertaking, which could deter buyers looking for a more immediate move-in or a less complex renovation project.
About 507 W Rustic Rd.
Welcome to an investor's dream come true -- a serene traditional home nestled in the heart of Santa Monica Canyon. Perfectly positioned on a quiet, tree-lined street across from the Rustic Canyon Creek, this charming two-story residence offers the perfect blend of tranquility, natural beauty, and coastal convenience. Just moments from top-rated schools and many other Santa Monica attractions, the home captures the very essence of canyon living. This 3-bedroom, 3-bathroom home sits on an expansive, nearly 14,000-square-foot lot, featuring a two-car attached garage with extra storage and plenty of outdoor space to relax, restore, or reimagine. Whether refreshed with thoughtful updates or completely re-envisioned, this property presents a rare opportunity for both end users and developers alike. Embodying the best of Southern California living, this enchanting residence combines privacy, nature, and timeless coastal charm in one of Los Angeles’ most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 13,748 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 4.0 | 44% |
| Square foot | 2,176 | 3,103 | 36% |
| Lot Size | 13,748 | 8,693 | 82% |
| Price | $3.96M | $5.05M | 29% |
| Price per sq ft | $1.8K | $1.7K | 53% |
| Built year | 1973 | 1948 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 141 | 183 | 24% |
Pricing History
Listed for Sale
Dec 6, 2025
$3,960,000
$3,925,000
+1% Price Increase
Initial Listing
Price Change
Nov 11, 2025
$3,925,000
$3,950,000
-1% Price Drop
Initial Listing
Price Change
Oct 16, 2025
$3,950,000
Initial Listing
Sold
Apr 12, 2017
$2,050,000
Public Record