518 Latimer Rd, Santa Monica, California 90402, Santa Monica, 90402 - 4 bed, 3 bath
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Santa Monica, California 90402
Analysis of 518 Latimer Rd, Santa Monica, California 90402 is currently available with a list price of $3,100,000. 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.
Property is extensive renovation needed.
Built in 1963 (61 years old) and marketed as a 'Diamond in the rust,' the property is a classic fixer-upper. While the listing mentions a kitchen update, the visible popcorn ceilings, original stone fireplace, and aged exterior siding indicate the home requires significant rehabilitation and modernization to address its age and likely outdated systems.
Situated in the prestigious 90402 zip code, this property offers an elite coastal lifestyle with immediate proximity to Santa Monica Beach, the Pacific Coast Highway, and high-end downtown amenities.
The home's elevated position above the street, paired with a long private driveway, provides a rare sense of seclusion and captures serene views of the surrounding lush green hillsides.
With a spacious front deck, a balcony off the living room, and an open layout, the residence is perfectly designed to facilitate a seamless transition between indoor and outdoor spaces.
Marketed as a 'diamond in the rust,' the property likely requires substantial cosmetic and structural investment to meet the modern luxury standards expected at this price point.
Built in 1963, the home may possess aging systems or a floor plan that feels restrictive compared to contemporary architectural designs found in the neighborhood.
Diamond in the rust! Experience coastal living at its finest in this beautifully situated 4-bedroom, 3 bath residence nestled in one of Santa Monica’s most sought after neighborhoods. Set slightly elevated about the street, the home features a long driveway that provides a sense of privacy and a roomy garage that is perfect for storage and extra parking. You are then welcomed by a front deck that creates a perfect space for outdoor dining, morning coffee, or creating your dream little garden. Inside, you are greeted by a beautifully designed kitchen that features great appliances, stunning countertops, and a warm atmosphere that flows perfectly into the rest of the house. The spacious living room is filled with natural light, open layout, and balcony that enhances indoor-outdoor living while being able to capture the beauty of the natural surroundings. Down the hall, the first set of bedrooms and bathroom provide flexible spaces that would be ideal for families, guests or even a home office. Upstairs, the master bedroom, along with an extra room and bathroom, offer added privacy with beautiful window views overlooking the lush green hillside and the serene neighborhood look. Located just minutes away from the Santa Monica beach and the iconic Pacific Coast Highway, makes it easily accessible to go inside Downtown Santa Monica and the Santa Monica Pier. This home is ready to bring your own creativity and truly make it yours! It has the mix of natural beauty, comfort, and the unbeatable Santa Monica lifestyle!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
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| Built year | 1963 | - | 0% |
| HOA | $0 | $0 | 0% |
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May 25, 2026
$3,100,000
Initial Listing