739 18th Street, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 1 bath
ACTIVE$3,995,000$1,529/sqft
Est. Value: $3,888,099
-2%
FairlyEstimate
739 18th Street, Santa Monica, California 90402
2Beds
1Bath
1,529Sqft
8,949Lot
Price Vs. Estimate
The estimated value ($3,888,099.16) is $106,900.84 (2%) lower than the list price ($3,995,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8949, living area = 1529.
Top Cons:
Extensive Renovation/Rebuild Required: The property is positioned as an opportunity to 'update and personalize,' suggesting the existing structure requires significant capital investment for modernization or a complete tear-down and rebuild.
Compared to the nearby listings
Price:$4.00M vs avg $5.48M ($-1,483,250)28%
Size:1,529 sqft vs avg 3,155 sqft14%
Price/sqft:$2.6K vs avg $1.7K93%
More Insights
Built in 1927 (99 years old).
Condition: Built in 1927, this property is nearly a century old. The listing explicitly states it's an 'extraordinary opportunity to build your dream home' and requires a new owner to 'update and personalize it into a dream residence,' indicating extensive renovation or a complete rebuild is necessary. The property analysis confirms 'extensive renovation/rebuild required' and highlights the 'age of structure' likely necessitating updates to major systems (plumbing, electrical, HVAC). The absence of interior photos, especially of the kitchen and bathroom, strongly suggests these areas are severely outdated and require substantial rehabilitation, aligning with a 'poor' condition score.
Year Built
1927
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$2,613
HOA
-
Days on market
-
Sold On
-
MLS number
26638127
Home ConditionPoor
Features
Good View:
Patio
View
About this home
Extraordinary opportunity to build your dream home! Located on tree-lined street in the highly sought-after North of Montana neighborhood in Santa Monica. The timeless charm of the Spanish Colonial Revival Style greets you upon entry with the Batchelder-tile fireplace in spacious living room with trey ceiling, which flows into a gracious sized dining room. Home boasts two bedrooms, one bath, bonus room, and charming sunroom. Timeless character to be found throughout with many architectural elements. This home presents a wonderful opportunity for a new owner to update and personalize it into a dream residence. Just moments from Montana Ave boutiques and award-winning restaurants, the Brentwood Country Mart, Palisade Park on the bluffs and Gorgeous Santa Monica beach. This is a rare opportunity in one of Santa Monica's most desirable and prestigious neighborhoods.
K
Kimberly Marvich
Listing Agent
Nearby schools
9/10
Franklin Elementary School
Public,•PK-5•0.5mi
8/10
Roosevelt Elementary School
Public,•K-5•0.8mi
5/10
Brentwood Science School
Public,•K-5•1.4mi
8/10
Lincoln Middle School
Public,•6-8•0.5mi
8/10
Santa Monica High School
Public,•9-12•1.7mi
Condition Rating
Poor
Built in 1927, this property is nearly a century old. The listing explicitly states it's an 'extraordinary opportunity to build your dream home' and requires a new owner to 'update and personalize it into a dream residence,' indicating extensive renovation or a complete rebuild is necessary. The property analysis confirms 'extensive renovation/rebuild required' and highlights the 'age of structure' likely necessitating updates to major systems (plumbing, electrical, HVAC). The absence of interior photos, especially of the kitchen and bathroom, strongly suggests these areas are severely outdated and require substantial rehabilitation, aligning with a 'poor' condition score.
Pros & Cons
Pros
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 = 8949, living area = 1529.
Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime North of Montana Location: Situated on a tree-lined street in the highly sought-after North of Montana neighborhood, offering unparalleled access to Montana Ave boutiques, award-winning restaurants, Brentwood Country Mart, Palisade Park, and Santa Monica beach.
Significant Development Opportunity: Presents an 'extraordinary opportunity to build your dream home' or undertake a substantial renovation on a generous 8,949 sqft lot, maximizing value in a prestigious area.
Historic Architectural Charm: Features a timeless Spanish Colonial Revival Style with original architectural elements, including a Batchelder-tile fireplace and trey ceiling, providing unique character.
Access to Top-Rated Schools: Zoned for highly-rated public schools like Franklin Elementary (9/10) and Lincoln Middle School (8/10), enhancing family appeal and long-term value.
Potential for Views: The property data indicates the presence of views, which is a significant value-add in the desirable Santa Monica market.
Cons
Extensive Renovation/Rebuild Required: The property is positioned as an opportunity to 'update and personalize,' suggesting the existing structure requires significant capital investment for modernization or a complete tear-down and rebuild.
Limited Current Configuration: The current layout of 2 bedrooms and 1 bathroom within 1,529 sqft is modest for the neighborhood's standards and price point, necessitating expansion for most buyers seeking a 'dream home.'
Age of Structure: Built in 1927, the home is nearly a century old, likely indicating the need for updates to major systems (e.g., plumbing, electrical, HVAC) to meet contemporary standards and efficiency.