844 3rd Street 5, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath

844 3rd Street 5, Santa Monica, California 90403 home-pic-0

844 3rd Street 5

Santa Monica, California 90403

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,963Sq Ft
7,502Lot Size

Property Price

LIST PRICE$2,195,000

SUMMARY

Analysis of 844 3rd Street 5, Santa Monica, California 90403 is currently available with a list price of $2,195,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although built in 2000, the property has undergone extensive recent renovations that align with current luxury standards. The chef's kitchen is recently remodeled with stone countertops and high-end stainless steel appliances, and the primary bathroom features modern upgrades including a free-standing tub and frameless rainfall shower. With hardwood flooring throughout, soaring ceilings, and updated systems like EV-ready parking, the home is in top-tier, move-in-ready condition with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Franklin Elementary School (9/10).

  • Prime Coastal Location

    Situated in a highly walkable pocket of Santa Monica, the property offers immediate access to the beach, Palisades Park, and the upscale shopping and dining on Montana Avenue and the 3rd Street Promenade.

  • Modern Architectural Features

    The interior boasts dramatic 20-foot ceilings, a recently remodeled chef's kitchen with high-end finishes, and a private rooftop terrace offering city and peek-a-boo ocean views.

CONSRISKS & DEFICIENCIES

  • Significant Price Adjustment

    A recent price reduction of over $300,000 from the original listing price suggests the property was initially positioned above market value, which may impact buyer confidence.

  • Vertical Living Constraints

    The multi-level layout, including a loft and top-floor bedroom, requires navigating multiple flights of stairs, which may not appeal to buyers prioritizing accessibility or single-level living.

About 844 3rd Street 5

Located just moments from the ocean, Palisades Park, Montana Avenue, and the 3rd Street Promenade, this move-in-ready Santa Monica townhome offers the privacy and feel of a single-family residence within an exclusive five-unit gated community. The spacious 3-bedroom plus loft, 3-bath layout features a dramatic light-filled living room with soaring 20-foot ceilings, a double-sided fireplace, and hardwood flooring throughout. The recently remodeled chef's kitchen includes stainless steel appliances, wine refrigerator, stone countertops, center island, and opens seamlessly to the dining area for entertaining. An expansive loft overlooks the living space and provides flexible use as a den, office, or media area, with balconies on both ends. The primary suite is a private retreat with a beautifully updated spa-like bathroom with dual vanities, free standing tub, and dreamless glass shower with rainfall shower head, while the top-floor bedroom opens to a large rooftop terrace with city views and peek-a-boo ocean vistas. Additional highlights include EV-ready secure parking with direct access, in-unit laundry, ample storage, low HOA dues, abundant natural light, and excellent walkability to the beach, shops, restaurants, and weekly farmers market.

Property Details

Public Facts

Property Type
Condominium
Year Built
2000
Lot Size
7,502 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$600.0 / Month

Neighborhood Insights

Santa Monica Unified Schools

Roosevelt Elementary School

Grades K-5 • 0.4 mi

8/10

Franklin Elementary School

Grades PK-5 • 1.6 mi

9/10

Lincoln Middle School

Grades 6-8 • 1.0 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.02.0
68%
Baths3.03.0
50%
Square foot1,9631,410
86%
Lot Size7,5027,526.5
30%
Price$2.19M$1.44M
80%
Price per sq ft$1.1K$994
72%
Built year20001976
80%
HOA$600.0$600
50%
Days on market49167
6%

Pricing History

Listed for Sale

Feb 3, 2026

$2,195,000

$2,499,000

-12% Price Drop

Initial Listing

Price Change

Jan 16, 2026

$2,499,000

Initial Listing

Sold

Apr 3, 2019

$2,005,000

Public Record

Sold

Dec 11, 2012

$1,255,500

Public Record

Sold

Jun 25, 2003

$945,000

Public Record

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