
Santa Monica, California 90403
This High-Potential Investment Opportunity is listed at $599,000, positioned well above the $509,196 Fair Market Value by -17%. While the property requires modernization to address its Condition Rating of 4, it offers a premier coastal lifestyle just blocks from the beach and Montana Avenue. Featuring hardwood floors, a marble gas fireplace, and two large storage units, the unit provides significant functional value. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to personalize a well-located Santa Monica asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 828 5th Street 10 Subject | $599,000* List Price | 1 | 1 | 619 | $825 | - |
A 1040 4th Street 108 Sold | $550,000 | 1 | 1 | 674 | $816 | 0.3 mi |
B 912 6th Street 8 Active | $549,000 List Price | 1 | 1 | 632 | $869 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1968 and features a renovation that appears to be 20-25 years old, characterized by dated oak cabinetry and white tile countertops with blue trim. While the unit is well-maintained and includes newer stainless steel appliances, the overall aesthetic and systems (like the wall heater) are dated and require modernization to meet current market standards.
Elementary School: Franklin Elementary School (9/10).
Situated just one block from Montana Avenue and five blocks from the beach, this property offers an exceptional walk score with immediate access to high-end dining, luxury shopping, and Palisades Park.
As a top-floor unit featuring multiple skylights, large windows, and French doors, the space feels bright and airy, complemented by high-end finishes like hardwood floors and a marble fireplace.
At 619 square feet, the living space is relatively small for a one-bedroom unit, which may limit furniture configurations and appeal to buyers seeking more spacious interiors.
Built in 1968, the boutique 11-unit building lacks the modern amenities and central climate control systems typically found in newer luxury developments.
This light and bright one-bedroom, one-bath condo sits in one of Santa Monica's most desirable neighborhoods, just five blocks from the beach. A rare location where you can walk to coffee, shopping, and the sand, all within a few minutes of home. Perched on the upper floor of a boutique 11-unit building, there is secure gated entry at both the front and rear. The living area is open and full of light, with a marble gas fireplace, built-in bookshelves, and hardwood floors throughout. Sliding French doors off the dining area open to a private balcony finished in terracotta tile. The kitchen has a skylight and stainless appliances, including a 5-burner gas range and a Fisher & Paykel refrigerator. The bedroom offers a generous mirrored closet and a ceiling fan, and the full bath has its own skylight along with a jacuzzi tub. Storage is plentiful throughout the bedroom and hallway, and the unit comes with an assigned off-street parking space and two large lockable storage units. The location exceptional. Palisades Park, Whole Foods, and Pavilions are all close by, with the Santa Monica Pier and Third Street Promenade within easy reach. Montana Avenue and its shops, cafes, and restaurants are just a block away. An ideal spot for active living, walking, running, and biking. Blocks to the beach, minutes to the freeway, and surrounded by some of the best shopping and dining in the area, this home unlocks a sought-after Santa Monica lifestyle.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades PK-5 • 1.5 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 619 | 1,346 |
| Lot Size | 7,480 | 7,869 |
| Price | $599.0K | $1.33M |
| Price per sq ft | $968 | $977 |
| Built year | 1968 | 1978 |
| HOA | $539.25 | $500 |
| Days on market | 43 | 57 |
Jun 9, 2026
$599,000
Initial Listing
Jul 31, 1995
$133,000
Public Record