511 Washington Avenue, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 3 bath
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511 Washington Avenue
Santa Monica, California 90403
ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,492Sq Ft
7,499Lot Size
Property Price
LIST PRICE$1,425,000
EST. MARKET VALUE
$1,425,000
SUMMARY
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.
Estimated Market Value
$1,425,000
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 Washington Avenue Subject | $1,425,000* List Price | 2 | 3 | 1,492 | $955 | - |
A 1014 9th Street 1 Sold | $1,625,000 | 3 | 3 | 1,594 | $1,019 | 0.3 mi |
B 806 Washington Avenue Sold | $1,485,000 | 2 | 3 | 1,568 | $947 | 0.2 mi |
C 930 California Avenue 201 Sold | $1,410,000 | 2 | 2 | 1,476 | $955 | 0.4 mi |
D 928 7th Street 3 Sold | $1,380,000 | 3 | 3 | 1,590 | $868 | 0.1 mi |
E 913 Euclid Street 5 Sold | $1,800,000 | 3 | 3 | 1,612 | $1,117 | 0.6 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 915 12th Street 2 Sold | $1,760,000 | 2 | 3 | 1,641 | $1,073 | 0.5 mi |
I 1018 4th Street 203 Active | $1,599,999 List Price | 2 | 3 | 1,406 | $1,138 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
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.
- End-Unit Privacy & Layout
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.
- Recent Capital Improvements
The property features significant recent upgrades including a new roof and HVAC system, complemented by extensive HOA-led exterior painting and waterproofing.
CONSRISKS & DEFICIENCIES
- High Carrying Costs
The $600 monthly association fee represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Limited Bedroom Count
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.
About 511 Washington Avenue
Beautiful Santa Monica end /Corner-unit townhome featuring 2 bedrooms, 2.5 baths, plus a versatile loft. The bright, open living and dining areas offer wonderful indoor-outdoor flow, with doors opening directly from the dining area to a private patio with BBQ and outdoor dining space. The updated kitchen is conveniently adjacent to the dining area. Upstairs, the loft provides office space with its own outdoor access. Multiple balconies and outdoor spaces add to the home's airy coastal feel. Additional highlights include new HVAC, a new roof, direct access to the garage from the unit, and recent HOA exterior improvements. Ideally located near Montana Avenue, Palisades Park, the beach, shopping, dining, and everything Santa Monica has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 7,499 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $600.0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.3 mi
8/10
Franklin Elementary School
Grades PK-5 • 1.5 mi
9/10
Lincoln Middle School
Grades 6-8 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,492 | 1,332.636 |
| Lot Size | 7,499 | 8,171.182 |
| Price | $1.43M | $1.30M |
| Price per sq ft | $955 | $979 |
| Built year | 1990 | 1976 |
| HOA | $600.0 | $553 |
| Days on market | 98 | 57 |
Pricing History
Listed for Sale
Jul 31, 2026
$1,425,000
$1,494,000
-5% Price Drop
Initial Listing
Price Change
Jun 3, 2026
$1,494,000
Initial Listing
Sold
Jun 18, 2013
$950,000
Public Record
Sold
Mar 24, 2004
$750,000
Public Record
Sold
Jan 4, 2001
$490,000
Public Record
Sold
Jul 31, 1998
$412,500
Public Record