704 17th Street, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 2 bath
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Santa Monica, California 90402
This Spanish Colonial Revival Value-Add Property is a High-Potential Investment Opportunity listed at $3,399,000—positioned well below the $3,447,352 Fair Market Value by 1%. This entry point secures $48,352 in Instant Equity in the elite North of Montana enclave. While currently in Major Rehab Condition, the oversized 7,511 sqft lot and 9/10 rated Franklin Elementary designation provide a rare foundation for forced appreciation. Featuring original architectural character and a private patio, this acquisition is ideal for Luxury Developers or Owner-Occupants seeking a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 704 17th Street Subject | $3,399,000* List Price | 3 | 2 | 1,488 | $2,260 | - |
A 427 11th Street Sold | $3,900,000 | 3 | 2 | 1,621 | $2,406 | 0.5 mi |
B 625 15th Street Sold | $3,726,000 | 3 | 1 | 1,873 | $1,989 | 0.1 mi |
C 243 Euclid Street Active Under Contract | $3,800,000 List Price | 3 | 2 | 1,843 | $2,062 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 and held by the same family since 1980, this property is in mostly original or severely outdated condition. While it retains vintage charm like coved ceilings and narrow-plank wood floors, the kitchen and systems appear to have had no significant updates in over 40 years. The listing's explicit recommendation to 'bring your designer/contractor/builder' and the mention of 'TLC' required for a home of this age suggests that major components, including electrical, plumbing, and potentially structural elements, require substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7511, living area = 1488.
Elementary School: Franklin Elementary School (9/10).
Situated in one of Santa Monica's most prestigious neighborhoods, the property is just one block from the upscale boutiques and dining on Montana Avenue and within the highly-rated Franklin Elementary school district.
The home has been held by the same family since 1980 and requires significant modernization and 'TLC,' necessitating a substantial additional investment for repairs and upgrades.
At only 1,488 square feet, the current living space is relatively small for the multi-million dollar price point, making the purchase primarily a land-value or major redevelopment play.
In the coveted Franklin school district, this north of Montana home is a special find. Lived in and loved by the same family since 1980, this Spanish Colonial Revival home awaits your vision. Abundant vintage charm from arched windows, dining room with built-in cabinetry, living room with Revival-style fireplace, coved ceilings to narrow-plank wood floors and a south-facing kitchen with a sweet breakfast nook. Needs some TLC. Bring your designer/contractor/builder, the location says it all. 7508 square foot lot. Detached garage can be accessed from street or alley. Just one short block to all the shops and restaurants (and movie theater) that trendy Montana Avenue has to offer. Just 17 blocks from the bluffs. Property appears to be included in the 2018 Historic Resources Inventory Update District Resources. And appears to have a 5D3 designation. Per the City, A District Resource, located within the Boundaries of a historic district, could contribute as one of many structures grouped in a potential Historic District. Buyer to do their own due diligence with the City. Please see the "Virtual Tour" link (above) for the self-directed, 3-D virtual tour and the floor plan.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 4.0 | 23% |
| Square foot | 1,488 | 2,743 | 11% |
| Lot Size | 7,511 | 8,452 | 39% |
| Price | $3.40M | $5.08M | 16% |
| Price per sq ft | $2.3K | $2.0K | 70% |
| Built year | 1926 | 1948 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 187 | 5% |
Mar 14, 2026
$3,399,000
Initial Listing