630 Hightree Road, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath

630 Hightree Road, Santa Monica, California 90402 home-pic-0

630 Hightree Road

Santa Monica, California 90402

ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,724Sq Ft
11,092Lot Size

Property Price

LIST PRICE$5,950,000
EST. MARKET VALUE
$5,584,789
6% AboveMARKET VALUE

SUMMARY

Analysis of 630 Hightree Road, Santa Monica, California 90402 reveals a property with a current list price of $5,950,000, which is 6% above the estimated $5,584,789 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$5,584,789
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
630 Hightree Road
Subject
$5,950,000*
List Price
332,724$2,050-
A
671 San Lorenzo Street
Sold
$4,266,200242,473$1,7250.4 mi
B
275 Amalfi Drive
Sold
$4,280,000432,280$1,8770.5 mi
C
1308 San Vicente Boulevard
Sold
$5,650,000433,268$1,7290.6 mi
D
431 Lincoln Boulevard
Active
$4,999,999
List Price
342,842$1,7590.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1965, this mid-century modern home retains its original architectural charm and appears well-maintained. However, while the kitchen boasts high-end appliances, the cabinetry, countertops, and flooring are dated. The bathrooms are also significantly outdated in style and features. The property description itself highlights 'endless potential for modern refinement' and 'thoughtful customization,' indicating that substantial modernization is required to meet contemporary luxury standards, rather than just minor updates. It is aged but functional, aligning with the 'Fair' category's description of a home that is 'aged but maintained through regular upkeep and occasional updates' and where 'major components are functional but show signs of being outdated.'

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 = 11092, living area = 2724.

  • Prime Location & Coveted Neighborhood

    Situated in one of the Westside's most sought-after neighborhoods in Santa Monica, offering prestige and desirability in the heart of Rustic Canyon.

  • Significant Development Potential

    Meticulously prepared groundwork, including surveys and cleared areas, with verbal approval to expand the residence up to 6,240 square feet, presenting immense value-add opportunity for a visionary buyer.

CONSRISKS & DEFICIENCIES

  • Significant Renovation/Modernization Required

    Despite its architectural charm, the 1965-built home explicitly suggests 'endless potential for modern refinement' and 'thoughtful customization,' indicating substantial investment will be needed to update it to contemporary luxury standards.

  • High Entry Price for a Project Property

    With a list price of $5.95 million, the property is positioned at a premium, yet it requires significant additional capital for the implied renovations and expansion, potentially narrowing the buyer pool to those with substantial budgets for both acquisition and development.

  • Limited Current Living Space Relative to Lot Potential

    While the expansive lot offers approval for a much larger home (up to 6,240 sqft), the existing 2,724 sqft residence may feel modest for a property of this caliber and price point, especially for buyers not immediately ready to undertake a major construction project.

About 630 Hightree Road

Located in one of the Westside's most coveted neighborhoods, discover 630 Hightree Rd. This one of a kind residence embodies timeless mid-century charm on an expansive 11,000-square-foot, sunny lot, seamlessly blending natural beauty with limitless potential. With direct access to Rustic Canyon Park, this property provides an immersive connection to nature, offering a serene backdrop for daily life and unmatched potential for added value. For visionaries, the groundwork has been meticulously prepared: the survey is done, the front yard has been cleared of debris, the backyard has been completely leveled, as-built files are in hand, and the property comes with verbal approval to add up to 6,240 square feet with clearance from the best expenditures in the business. The 1965 home is a 2,724 square foot, three-bedroom, three-bathroom Mid-century that holds rich detail with unique corners from the mind of architect June Veloso. At its heart, a grand wood-burning fireplace creates a warm focal point, surrounded by character-filled living spaces that invite comfort and connection. The upper level hosts two beautifully appointed bedrooms, each designed with comfort and privacy in mind with an extra bedroom below. The dining room seamlessly opens to the large backyard, crafting an ideal setting for indoor-outdoor living with effortless access to the kitchen. To the west, a private deck provides a tranquil retreat with sweeping views over the front of the property, bathed in sunlight.This residence beautifully captures the essence of mid-century design while offering endless potential for modern refinement, promising a home that celebrates both history and vision. 630 Hightree Rd presents a rare opportunity for thoughtful customization, transforming it into a premier estate in one of Los Angeles's most sought-after canyons. This is your chance to create an architectural legacy in the heart of Rustic Canyon.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1965
Lot Size
11,092 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
38%
Baths3.04.0
44%
Square foot2,7243,103
49%
Lot Size11,0928,693
76%
Price$5.95M$5.10M
62%
Price per sq ft$2.2K$1.7K
69%
Built year19651948
71%
HOA$0$0
50%
Days on market494183
0%

Pricing History

Listed for Sale

Oct 28, 2024

$5,950,000

Initial Listing

Sold

Aug 4, 2022

$5,400,000

Public Record

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