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

844 3rd Street 5
Santa Monica, California 90403
Property Price
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
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
Franklin Elementary School
Grades PK-5 • 1.6 mi
Lincoln Middle School
Grades 6-8 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 68% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,963 | 1,410 | 86% |
| Lot Size | 7,502 | 7,526.5 | 30% |
| Price | $2.19M | $1.44M | 80% |
| Price per sq ft | $1.1K | $994 | 72% |
| Built year | 2000 | 1976 | 80% |
| HOA | $600.0 | $600 | 50% |
| Days on market | 49 | 167 | 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

























