
Santa Monica, California 90402
This property presents a High-Potential Investment Opportunity with a List Price of $6,499,000—positioned well below the $6,326,468 Fair Market Value by -2%. Featuring a Condition Rating of 5, this 4,731-square-foot residence offers significant upside for a designer renovation. Located in a premier North of Montana neighborhood with access to top-rated schools like Franklin Elementary (9/10), the home includes a secluded lap pool and city/mountain views. This is a strategic acquisition ideal for Value-Add Investors or Owner-Occupants seeking to build a landmark estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 815 Georgina Avenue Subject | $6,499,000* List Price | 5 | 5 | 4,731 | $1,337 | - |
A 415 21st Street Sold | $6,412,195 | 5 | 7 | 4,750 | $1,350 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1987, this 39-year-old property falls into the >30y category. The listing's emphasis on 'untapped potential,' 'upside,' and the need for a 'designer renovation' indicates that the kitchen, baths, and major systems are likely original and require a full rehab to meet modern luxury standards.
Elementary School: Franklin Elementary School (9/10).
Situated on one of Santa Monica's most prestigious streets, this property offers immediate access to elite schools and high-end amenities in a neighborhood known for record-breaking luxury sales.
With over 4,700 square feet of living space and five bedrooms, the residence provides a rare footprint and functional floor plan that is difficult to find in this high-demand coastal market.
Built in 1987 and marketed as a renovation opportunity, the home likely requires a significant additional capital investment to modernize its interiors and systems to current luxury standards.
Given the $6.5M entry price and the explicit need for a designer remodel, the total project cost may exceed the budget of buyers looking for a move-in-ready residence at this price point.
Some homes are bought. Others are claimed. Set on one of the most coveted streets North of Montana, this approximately 4,731-square-foot residence offers the rare combination of scale, privacy, and untapped potential that today's luxury buyers are chasing. Offered for the first time since it was built and owned by its original owners, this is a truly rare generational opportunity in one of Santa Monica's most sought-after neighborhoods. Five bedrooms, a flexible den, expansive entertaining spaces, and a secluded lap pool create a home that is equally compelling to move into today or transform into a landmark estate tomorrow. What truly sets this property apart is what can't be replicated: an exceptional floor plan, generous lot, and premier location surrounded by some of Santa Monica's most significant luxury sales. Whether your vision includes a world-class designer renovation, a spectacular indoor-outdoor lifestyle, a wellness retreat with a spa and gym, or simply enjoying the home exactly as it is, the opportunity is extraordinary. The highest-end buyers know that trophy properties aren't created they're discovered. This is one of those rare addresses where vision becomes value. If you've been waiting for a North of Montana opportunity with exceptional upside and the flexibility to create something truly special, your search ends here.815 Georgina Ave isn't just another listing it's a rare first-time offering from the original owners, a legacy property with endless possibilities, and the kind of home people talk about long after it's sold.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades PK-5 • 1.3 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 5.0 | 3.5 |
| Square foot | 4,731 | 2,285.5 |
| Lot Size | 8,212 | 7,496 |
| Price | $6.50M | $3.70M |
| Price per sq ft | $1.4K | $1.7K |
| Built year | 1987 | 1936 |
| HOA | $0 | $0 |
| Days on market | 7 | 51 |
Jul 16, 2026
$6,499,000
Initial Listing