511 Washington Avenue, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath
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Santa Monica, California 90403
This Turnkey Coastal Townhome represents a Strong Value Opportunity, listed at $1,494,000—positioned well below the $1,572,661 Fair Market Value by 5%. This valuation gap offers $78,661 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a renovated kitchen, new HVAC, and a new roof. With three balconies and a private patio, this property is ideal for Owner-Occupants or coastal lifestyle seekers prioritizing proximity to top-rated schools and the ocean.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 Washington Avenue Subject | $1,494,000* List Price | 2 | 2 | 1,492 | $1,017 | - |
A 1014 9th Street 1 Sold | $1,625,000 | 3 | 3 | 1,594 | $1,019 | 0.3 mi |
B 1133 9th Street 202 Sold | $1,440,000 | 2 | 2 | 1,410 | $1,021 | 0.4 mi |
C 806 Washington Avenue Sold | $1,485,000 | 2 | 3 | 1,568 | $947 | 0.2 mi |
D 930 3rd Street 305 Sold | $1,425,000 | 2 | 2 | 1,283 | $1,111 | 0.2 mi |
E 1133 9th Street 102 Sold | $1,513,000 | 2 | 2 | 1,410 | $1,073 | 0.4 mi |
F 1037 16th Street 10 Sold | $1,570,000 | 3 | 3 | 1,634 | $961 | 0.8 mi |
G 847 17th Street 1 Sold | $1,717,000 | 2 | 3 | 1,456 | $1,179 | 0.9 mi |
H 843 4th Street 103 Sold | $1,498,000 | 3 | 3 | 1,747 | $857 | 0.2 mi |
I 1018 4th Street 203 Active | $1,658,000 List Price | 2 | 3 | 1,406 | $1,179 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1990, the property features a recently updated kitchen with modern cabinetry and farmhouse sink, fully renovated contemporary bathrooms, and brand-new critical systems including HVAC and a new roof. The interior is in mint condition with high-end finishes, meeting the criteria for a recent comprehensive renovation.
Situated just five blocks from the ocean and within walking distance to Montana Avenue and the Third Street Promenade, offering an elite Santa Monica lifestyle with high walkability.
As a corner unit with only one shared wall, the home provides enhanced privacy, abundant natural light, and extensive outdoor living space including three balconies and a private patio.
The property features significant recent upgrades including a new roof and HVAC system, complemented by extensive HOA-led exterior painting and waterproofing.
The $600 monthly association fee represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for prospective buyers.
With only two dedicated bedrooms for nearly 1,500 square feet, the layout may not suit larger families or buyers requiring multiple guest rooms despite the inclusion of a loft.
Coveted Santa Monica end/corner-unit townhome just five blocks from the ocean! Bright and airy with only one shared wall, this 2-bedroom, 2.5 bath home features a versatile loft, updated kitchen, direct-access garage, abundant natural light, and multiple outdoor spaces including 3 balconies, a deck, and a private back patio with direct access from the dining area perfect for entertaining, outdoor dining, or hosting family and friends for a barbecue. Recent improvements include a new roof and new HVAC system. The HOA has completed extensive community upgrades, including exterior painting and waterproofing. Ideally located near trendy restaurants, Palisades Park, Montana Avenue, and the Third Street Promenade, offering the perfect blend of privacy, convenience, and coastal living. Must see to appreciate!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades PK-5 • 1.5 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,492 | 1,346 |
| Lot Size | 7,499 | 7,869 |
| Price | $1.49M | $1.33M |
| Price per sq ft | $1.0K | $977 |
| Built year | 1990 | 1978 |
| HOA | $600.0 | $500 |
| Days on market | 49 | 57 |
Jun 3, 2026
$1,494,000
Initial Listing
Jun 18, 2013
$950,000
Public Record
Mar 24, 2004
$750,000
Public Record
Jan 4, 2001
$490,000
Public Record
Jul 31, 1998
$412,500
Public Record