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937 5th Street 9, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath

937 5th Street 9, Santa Monica, California 90403 home-pic-0
ACTIVE$979,000
937 5th Street 9, Santa Monica, California 90403
2Beds
2Baths
868Sqft
7,511Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Franklin Elementary School (9/10).
Top Cons:
Building Age: Constructed in 1960, the building is older, which may imply potential for aging infrastructure, higher maintenance costs, or future special assessments for common area upgrades.

Compared to the nearby listings

Price:$979.0K vs avg $1.30M ($-321,000)27%
Size:868 sqft vs avg 1,394 sqft16%
Price/sqft:$1.1K vs avg $1.0K76%

More Insights

Built in 1960 (65 years old).
Condition: The property, built in 1960, presents as move-in ready with several key updates. The kitchen features new stainless steel appliances and functional, well-maintained wood cabinetry and granite-look countertops. Recessed lighting throughout and a modern mini-split AC unit indicate recent improvements. While the bathroom vanity countertop appears to be an older style, the overall bathroom is clean and functional with a glass shower enclosure. Flooring consists of clean carpets and tile. The unit has been well-maintained and updated sufficiently to be comfortable and functional without immediate renovation, aligning with the 'Good' condition criteria.
Year Built
1960
Close
-
List price
$979K
Original List price
$979K
Price/Sqft
$1,128
HOA
$372
Days on market
-
Sold On
-
MLS number
25521041
Home ConditionGood
Features
Patio
ViewCourtyard

About this home

Prime Santa Monica Location Steps from the Beach! This bright, move-in-ready upper unit offers the ultimate in coastal convenience and lifestyle. Located just a few blocks from Santa Monica Beach, minutes from the lively Third Street Promenade, and a short walk to Christine Emerson Reed Park with its six lighted basketball and tennis courts. To the north, enjoy the boutique shops and charming cafes along Montana Avenue. Set in a quiet, well-maintained 10-unit building with gated access, this unit features a spacious open floor plan, large bedrooms, recessed lighting throughout, and a functional kitchen with new appliances. One dedicated parking space is included at the back of the building, along with overhead storage and a shared storage room for bikes, surfboards, or larger items. Enjoy easy access to the I-10 and 405 freeways, placing all of Southern California within reach. Also listed for rent at $3,795. Don't miss the chance to live in one of Santa Monica's most sought-after neighborhoods whether you're renting or buying!

Nearby schools

8/10
Roosevelt Elementary School
Public,•K-5•0.3mi
9/10
Franklin Elementary School
Public,•PK-5•1.5mi
8/10
Lincoln Middle School
Public,•6-8•0.8mi
8/10
Santa Monica High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
04/26/21
Sold
$799,000
06/01/06
Sold
$616,000
Condition Rating
Good
The property, built in 1960, presents as move-in ready with several key updates. The kitchen features new stainless steel appliances and functional, well-maintained wood cabinetry and granite-look countertops. Recessed lighting throughout and a modern mini-split AC unit indicate recent improvements. While the bathroom vanity countertop appears to be an older style, the overall bathroom is clean and functional with a glass shower enclosure. Flooring consists of clean carpets and tile. The unit has been well-maintained and updated sufficiently to be comfortable and functional without immediate renovation, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime Coastal Location: The property boasts a highly desirable Santa Monica location, just blocks from the beach, minutes from Third Street Promenade, and a short walk to Christine Emerson Reed Park, offering an unparalleled coastal lifestyle.
Move-in Ready & Updated Interior: This upper unit is move-in ready, featuring a spacious open floor plan, large bedrooms, recessed lighting throughout, and a functional kitchen equipped with new appliances, providing modern comfort.
Dedicated Parking & Ample Storage: A dedicated parking space is included, a significant advantage in Santa Monica, along with overhead storage and a shared storage room for bikes, surfboards, or larger items.
Exceptional Walkability & Amenities Access: Enjoy easy access to a vibrant array of amenities, including boutique shops and charming cafes along Montana Avenue, the lively Third Street Promenade, and recreational facilities at Christine Emerson Reed Park.
Highly-Rated School District: The property is zoned for highly-rated public schools, including Franklin Elementary (9/10), Lincoln Middle (8/10), and Santa Monica High (8/10), making it attractive for families.

Cons

Building Age: Constructed in 1960, the building is older, which may imply potential for aging infrastructure, higher maintenance costs, or future special assessments for common area upgrades.
Modest Square Footage: At 868 square feet for a 2-bedroom, 2-bathroom unit, the living space is relatively modest, which might feel constrained for some buyers or limit future expansion possibilities.
Monthly HOA Fees: The property incurs a monthly association fee of $372.00, which adds a recurring cost to homeownership and should be factored into the overall budget.

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