917 Princeton Street, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 2 bath
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Santa Monica, California 90403
This Prime Development Asset is listed at $2,995,000, positioned accurately alongside its $2,981,654 Fair Market Value. Currently in Likely Teardown Condition, the property’s primary value lies in the expansive 7,900 sq ft lot located within the prestigious College Streets of Santa Monica. This site offers a rare canvas for a high-end residential project within the Santa Monica-Malibu Unified School District, specifically zoned for Franklin Elementary. Proximity to Montana Avenue and Brentwood Country Club ensures long-term appreciation for Real Estate Developers or Luxury Custom Builders seeking a flagship project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 917 Princeton Street Subject | $2,995,000* List Price | 3 | 2 | 1,712 | $1,742 | - |
A 2832 Washington Sold | $2,833,000 | 2 | 2 | 1,455 | $1,947 | 0.2 mi |
B 2832 Washington Avenue Sold | $2,675,000 | 2 | 2 | 1,455 | $1,838 | 0.2 mi |
C 928 26th Street Active | $3,275,000 List Price | 3 | 3 | 1,655 | $1,979 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1926 and marketed primarily as a development opportunity or a lot 'ready for your vision,' this property is positioned as a tear-down. The listing description emphasizes building a dream home or a developer project on the 7,900 sq ft lot, and the internal property analysis explicitly labels it as a 'Likely Teardown Condition' with no evidence of major renovations in the last 50 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7900, living area = 1712.
Situated in the prestigious 'College Streets' of Santa Monica, the property offers exceptional proximity to Montana Avenue, Brentwood Country Mart, and high-end retail like Erewhon and Bristol Farms.
The generous 7,900 square foot lot provides a rare and substantial canvas for developers or end-users to build a custom luxury estate in a high-demand neighborhood.
Built in 1926 and marketed as a 'vision' project, the existing structure likely requires a total renovation or demolition, necessitating substantial additional capital investment.
The property listing specifies no views, which may be a drawback for buyers seeking the coastal or city vistas often associated with high-end Santa Monica real estate.
Offer Deadline is Monday March 23 at 5pm. Incredible opportunity in prime Santa Monica college streets. This approximately 7,900 sq ft lot is ready for your vision. Whether you are an end-user looking to build your dream home or a developer looking for a project in a robust neighborhood, 917 Princeton is the spot for you. This beautiful tree-lined street offers proximity to the Brentwood Country Club, the Farmer's Market, Montana Avenue, Brentwood Country Mart, and sought after destinations like Erewhon, Bristol Farms and Milo & Olive. Features access to highly rated Santa Monica schools, including Franklin Elementary. Excellent Walk Score.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,712 | 1,920.5 | 38% |
| Lot Size | 7,900 | 7,880.5 | 50% |
| Price | $3.00M | $3.33M | 44% |
| Price per sq ft | $1.7K | $1.7K | 50% |
| Built year | 1926 | 1937 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 158 | 6% |
Mar 16, 2026
$2,995,000
Initial Listing