
Santa Monica, California 90402
This property presents a High-Potential Investment Opportunity with a List Price of $4,458,000—positioned well below the $4,472,930 Fair Market Value by 0.33%. This valuation gap offers $14,930 in Instant Equity. Featuring a Condition Rating of 5, the home requires modernization, yet its 8,712 sqft lot and North of Montana location near Franklin Elementary (9/10) provide significant upside. This is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to customize a premier Santa Monica estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 739 24th Street Subject | $4,458,000* List Price | 2 | 3 | 2,538 | $1,762 | - |
A 246 16th Street Sold | $4,650,000 | 4 | 3 | 2,388 | $1,947 | 0.8 mi |
B 702 16th Street Sold | $4,555,000 | 3 | 4 | 1,998 | $2,280 | 0.7 mi |
C 201 23rd Street Sold | $4,175,000 | 4 | 3 | 3,247 | $1,286 | 0.7 mi |
D 443 16th Street Active Under Contract | $4,999,999 List Price | 4 | 4 | 3,054 | $1,637 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1979 (45 years old) and remains in largely original condition. While the description notes it is 'well-maintained,' the kitchen and bathrooms are significantly dated, and the listing explicitly states it is 'waiting for the next generation to update,' fitting the criteria for a home over 30 years old needing rehab.
Elementary School: Franklin Elementary School (9/10).
Situated in one of Santa Monica's most prestigious neighborhoods, the property is just steps from the top-rated Franklin Elementary School and minutes from the luxury boutiques and dining on Montana Avenue.
The generous 8,712 square foot lot and existing single-level footprint provide an exceptional opportunity for the next owner to expand or custom-build a modern estate in a high-value area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Built in 1979 and maintained in its original custom state, the property requires a comprehensive update to meet the expectations and functional standards of today's luxury buyers.
With only two bedrooms currently configured, the layout may be a drawback for larger families or buyers seeking more versatility at this multi-million dollar price point.
This beautifully maintained single level home was custom built by the family in 1979 and is waiting for the next generation to update or expand and create another lifetime of memories for it's happy owners. The gracious living room with music alcove opens to the formal dining room through etched glass doors. The oversized kitchen has a breakfast nook and is adjacent to the family room with built-in bar and fireplace. The large primary suite has a walk-in closet, built-in bookcases, and an en-suite bathroom with dual sinks. Many details include high ceilings, crown moldings, beveled glass doors opening to the exterior from the living room, family room, and primary suite. There is a laundry room and direct entry two car garage. Located minutes from Montana Avenue with its shops and restaurants.
No exterior & parking available.
Grades PK-5 • 0.0 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.1 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,538 | 1,967.643 |
| Lot Size | 8,712 | 6,981.625 |
| Price | $4.46M | $3.73M |
| Price per sq ft | $1.8K | $1.7K |
| Built year | 1979 | 1940 |
| HOA | $0 | $0 |
| Days on market | 6 | 58 |
Sep 3, 2026
$4,458,000
Initial Listing