928 26th Street, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath
928 26th Street
Santa Monica, California 90403
Property Price
SUMMARY
Analysis of 928 26th Street, Santa Monica, California 90403 reveals a property with a current list price of $3,275,000, which is 3% above the estimated $3,175,667 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 928 26th Street Subject | $3,275,000* List Price | 3 | 3 | 1,655 | $1,919 | - |
A 859 22nd Street Sold | $3,325,000 | 2 | 2 | 1,375 | $2,418 | 0.3 mi |
B 2832 Washington Sold | $2,833,000 | 2 | 2 | 1,455 | $1,947 | 0.1 mi |
C 2832 Washington Avenue Sold | $2,675,000 | 2 | 2 | 1,455 | $1,838 | 0.2 mi |
D 844 25th Street Active Under Contract | $3,368,900 List Price | 3 | 2 | 1,435 | $2,348 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is marketed as a shovel-ready development opportunity with RTI permits for a new luxury residence and ADU. The existing structure dates back to 1926 with no recorded major renovations in the last 50 years, and the provided images are merely architectural renderings of a future project. The listing price reflects the land value and the entitlement process rather than the condition of the current 1926 dwelling.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8312, living area = 1655.
- Prime Location
Situated in the highly coveted North of Wilshire neighborhood, the property is just steps from Montana Avenue's premier dining and shopping and located within the prestigious Franklin Elementary school district.
- Shovel-Ready Development
The property comes with RTI permits for a luxury main residence and ADU, significantly reducing the time and complexity typically associated with Santa Monica's rigorous building approval process.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1655, other record living area = 1255. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Substantial Additional Investment
The list price reflects the land and permit value only; buyers must have significant liquid capital available to fund the high costs of luxury construction in Santa Monica.
- Construction Lead Time
Despite being shovel-ready, the property currently consists of a 1926 structure, meaning the buyer faces a lengthy period of construction before the residence is habitable or ready for resale.
About 928 26th Street
LOCATED JUST STEPS FROM MONTANA AVE! Builders, developers, and end-users, this is a rare shovel-ready opportunity in Santa Monica's coveted North of Wilshire, within the Wilshire-Montana neighborhood. Set on an 8,312 sq ft lot, the property comes with RTI permits for a 3,340 sq ft main residence with 4 bedrooms and 4 bathrooms, plus a 945 sq ft ADU with 2 bedrooms and 3 bathrooms, totaling 4,285 sq ft, in addition to a 400 sq ft garage, pool, and landscaped grounds. Final approvals are underway, allowing for an expedited path to construction. Surrounded by multi-million-dollar homes and located near Franklin Elementary and Santa Monica's top schools, this offering presents an exceptional opportunity to build a premier estate or develop for resale in one of the Westside's most desirable neighborhoods. Image shown is a rendering for illustrative purposes only. The completed residence may vary in design, finishes, and features.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 8,312 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,655 | 1,886 | 47% |
| Lot Size | 8,312 | 7,854 | 73% |
| Price | $3.27M | $3.33M | 47% |
| Price per sq ft | $2.0K | $1.7K | 73% |
| Built year | 1926 | 1937 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 175 | 7% |
Pricing History
Listed for Sale
Feb 24, 2026
$3,275,000
Initial Listing
Sold
Mar 6, 2017
$1,725,000
Public Record