511 San Vicente Boulevard 107, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath
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511 San Vicente Boulevard 107
Santa Monica, California 90402
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,251Sq Ft
14,645Lot Size
Property Price
LIST PRICE$1,295,000
EST. MARKET VALUE
$1,338,511
3% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $1,295,000—positioned well below the $1,338,511 Fair Market Value by 3%. This valuation gap offers $43,511 in Instant Equity for the buyer. Featuring a Good Condition Rating, the unit boasts Ten Foot Coffered Ceilings, a Wrap Around Balcony, and a new HVAC system. Located in the San Vicente Historic District near Top-Rated Schools like Franklin Elementary, this property is ideal for Owner-Occupants or discerning professionals seeking a coastal lifestyle.
Estimated Market Value
$1,338,511+$43,511 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 San Vicente Boulevard 107 Subject | $1,295,000* List Price | 2 | 2 | 1,251 | $1,070 | - |
A 222 7th Street 202 Sold | $950,000 | 2 | 2 | 1,182 | $804 | 0.1 mi |
B 446 San Vicente Boulevard 202 Sold | $1,397,000 | 2 | 2 | 1,215 | $1,150 | 0.1 mi |
C 201 Ocean Avenue 1206p Sold | $1,560,000 | 2 | 2 | 1,229 | $1,269 | 0.4 mi |
D 446 San Vicente Boulevard 304 Sold | $1,099,000 | 1 | 1 | 956 | $1,150 | 0.1 mi |
E 201 Ocean Avenue 603p Sold | $1,100,000 | 1 | 1 | 906 | $1,214 | 0.4 mi |
F 515 Ocean Avenue 503s Sold | $1,500,000 | 2 | 2 | 1,490 | $1,007 | 0.4 mi |
G 202 San Vicente Boulevard 15 Sold | $1,595,000 | 2 | 3 | 1,577 | $1,011 | 0.3 mi |
H 201 Ocean Avenue 903p Sold | $1,126,000 | 1 | 1 | 906 | $1,243 | 0.4 mi |
I 201 Ocean Avenue 301p Active | $1,395,000 List Price | 2 | 2 | 1,262 | $1,105 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1969, the unit is well-maintained and move-in ready with significant system updates, including a brand new central heating and A/C heat pump with a 5-year warranty. Interior photos show modern hardwood flooring and a clean, updated aesthetic, placing it in the 'Good' category despite the building's age.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Prime Coastal Location
Situated in the prestigious San Vicente Historic District, this property offers exceptional walkability to Palisades Park, the Adelaide Stairs, and Santa Monica's world-class beaches and shopping.
- Architectural Volume and Modern Upgrades
The unit features rare ten-foot coffered ceilings that enhance the sense of space, complemented by a brand-new central HVAC system with a five-year warranty for modern comfort and peace of mind.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $765 per month is relatively high, which may impact the debt-to-income ratio for some buyers and increase the overall cost of ownership.
- Vintage Building Infrastructure
Constructed in 1969, the building may present challenges associated with older infrastructure, potentially leading to future special assessments or maintenance requirements for common areas.
About 511 San Vicente Boulevard 107
End Unit Condominium located in Palisades Park Tract. San Vicente Historic District. Plenty of Street Parking. Spacious Open Floor Plan with Ten Foot Coffered Ceilings. Living Room Gas Fireplace , Wall of Windows with Transoms and Sliding Doors to Wrap Around Balcony With Greenbelt Views. Large Bedrooms. New Central Heating and A/C with Heat Pump. 5 year Warranty Parts & Labor. Greenbelt View . Close proximity to Adelaide Stairs, Palisades Park , Shopping and Beach.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- 14,645 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $765.0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.6 mi
8/10
Franklin Elementary School
Grades PK-5 • 1.5 mi
9/10
Brentwood Science School
Grades K-5 • 2.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,251 | 1,332.636 |
| Lot Size | 14,645 | 8,171.182 |
| Price | $1.29M | $1.30M |
| Price per sq ft | $1.0K | $979 |
| Built year | 1969 | 1976 |
| HOA | $765.0 | $553 |
| Days on market | 17 | 57 |
Pricing History
Listed for Sale
Aug 23, 2026
$1,295,000
Initial Listing
Sold
Dec 14, 2015
$949,000
Public Record
Sold
Apr 3, 1996
$255,000
Public Record