
Santa Monica, California 90405
This Turnkey Condominium represents a Strong Value Opportunity, listed at $1,449,000—positioned well below the $1,446,926 Fair Market Value (priced at market stability). Featuring a Condition Rating of 3, the home includes a new HVAC system, a 2025 roof replacement, and a private patio. Its versatile three-level layout, including a bonus room and Tesla charger, offers a premium coastal lifestyle near Main Street. With a unique lease-to-purchase option, this property is an ideal fit for Owner-Occupants and first-time buyers seeking long-term Santa Monica residency.
Stunning 2-bed, 3-bath Santa Monica townhouse near the beach. Features private patio, bonus room, Tesla charger, and recent upgrades. Rare lease-to-purchase option.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 650 Pacific Street 8 Subject | $1,449,000* List Price | 2 | 3 | 1,490 | $971 | - |
A 2807 3rd Street 6 Sold | $1,729,000 | 2 | 3 | 1,441 | $1,200 | 0.6 mi |
B 821 Bay St Sold | $1,050,000 | 2 | 2 | 1,404 | $748 | 0.2 mi |
C 3002 3rd Street 304 Sold | $1,599,000 | 2 | 3 | 1,470 | $1,088 | 0.7 mi |
D 3002 3rd Street 311 Sold | $1,532,000 | 2 | 3 | 1,470 | $1,042 | 0.7 mi |
E 212 Marine Street 203 Sold | $1,700,000 | 2 | 2 | 1,730 | $983 | 0.8 mi |
F 150 Ocean Park 520 Sold | $1,438,000 | 2 | 2 | 1,427 | $1,008 | 0.6 mi |
G 2910 Neilson Way 208 Sold | $1,200,000 | 2 | 2 | 1,305 | $920 | 0.8 mi |
H 2222 5th Street 301 Active | $1,395,000 List Price | 2 | 2 | 1,412 | $988 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1989, the property is well-maintained and move-in ready with significant recent system updates including a new HVAC and a full roof replacement in 2025. The interior features functional, updated aesthetics such as granite countertops and marble vanities that appear to be within a 5-15 year renovation window.
Situated just moments from Main Street and the beach, this property offers an ideal Santa Monica lifestyle with exceptional walkability to premium dining, shopping, and the ocean.
The home features a new HVAC system, a 2025 roof replacement, and a flexible three-level floor plan including a substantial bonus room and a private two-car garage with a Tesla charger.
A rare lease-to-purchase option and potential for low-rate financing provide significant flexibility and a strategic path to ownership in a fluctuating interest rate environment.
The monthly association fee of $756 is relatively high for a condominium of this size, which may impact the overall affordability and appeal for budget-conscious buyers.
The three-story configuration requires frequent use of stairs to navigate between the bonus room, living areas, and bedrooms, which may be a drawback for those seeking accessibility or single-level living.
Set moments from Main Street and the beach, this light-filled corner townhouse offers three levels of flexible living, soaring ceilings, city views, private outdoor space, and direct-entry parking in one of Santa Monica's most desirable neighborhoods. The top floor is designed for entertaining, with an open living and dining area, floor-to-ceiling windows, abundant natural light, and a gold-accented fireplace. A landscaped private patio with a fountain creates an inviting entrance and peaceful outdoor retreat. Both bedrooms feature ensuite bathrooms. The primary suite includes custom dual powered shades, a double marble vanity, generous mirrored closets, and excellent storage. An interior washer and dryer are conveniently located nearby. The lower level offers a substantial bonus room ideal for an office, gym, studio, or additional living space, with direct access to the attached two-car garage. The garage includes additional storage and a 24-amp Tesla charger. Recent improvements include a new HVAC system, a full roof replacement completed in 2025, and refreshed exterior paint, trim, and lighting. A rare lease-to-purchase opportunity may also be available to a qualified buyer. The seller's exceptionally low-rate financing creates the flexibility for a buyer to move in now, secure a path to ownership at today's value, receive monthly purchase credits, and allow time for mortgage rates and affordability to improve. This offers many of the benefits of ownership today while preserving flexibility before completing the purchase. With its corner position, versatile floor plan, private outdoor space, and proximity to the beach, Main Street, dining, and shopping, this is a distinctive opportunity to enjoy the best of Santa Monica living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,490 | 1,332.636 |
| Lot Size | 11,937 | 8,171.182 |
| Price | $1.45M | $1.30M |
| Price per sq ft | $972 | $979 |
| Built year | 1989 | 1976 |
| HOA | $756.0 | $553 |
| Days on market | 77 | 57 |
Jul 29, 2026
$1,449,000
$1,499,000
-3% Price Drop
Initial Listing
Jun 24, 2026
$1,499,000
Initial Listing
May 14, 2020
$1,316,000
Public Record
Jun 25, 2002
$489,000
Public Record
Nov 2, 1999
$369,000
Public Record