938 18th Street 5, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 3 bath

938 18th Street 5
Santa Monica, California 90403
Property Price
SUMMARY
Analysis of 938 18th Street 5, Santa Monica, California 90403 is currently available with a list price of $1,049,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1981, this townhouse has received updates, including hardwood floors and stainless steel kitchen appliances. However, the kitchen cabinets, granite countertops, and the primary bathroom's tile work and vanity appear to be from an older renovation (likely 15-20+ years ago), making them functional but stylistically outdated. While the second bathroom shows more recent updates, the overall condition of key areas aligns with a property that is aged but maintained, requiring minor updates to meet current aesthetic standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Exceptional Location
Prime Santa Monica setting, moments from the beach, Downtown, Douglas Park, Lincoln Middle School, and various neighborhood amenities, offering unparalleled convenience and lifestyle.
- Modern & Updated Interior
Features hardwood floors, soaring ceilings, a sleek central fireplace, granite counters, a full suite of stainless-steel appliances, and updated bathrooms, providing a move-in ready experience.
CONSRISKS & DEFICIENCIES
- Substantial HOA Dues
The monthly association fee of $662 is considerable and adds a significant recurring cost to homeownership.
- Lack of Views
The property explicitly states 'View: None,' which may be a drawback for buyers expecting scenic vistas in a coastal Santa Monica location.
- Building Age
Constructed in 1981, the building is over 40 years old, which, despite interior updates, could imply potential for future common area maintenance or less modern infrastructure compared to newer constructions.
About 938 18th Street 5
In a prime Santa Monica setting, this updated two-bedroom, two-and-a-half-bath townhouse spans two levels of thoughtfully designed living. Hardwood floors ground the expansive main level, where soaring ceilings create volume and light in a generous living area anchored by a sleek central fireplace. The adjoining kitchen is finished with granite counters and a full suite of stainless-steel appliances, including a refrigerator, range, dishwasher, and microwave. A bar-top counter and casual breakfast nook extend seamlessly to a petite outdoor patio, offering a natural flow for both daily routines and relaxed gatherings. A full-sized washer and dryer add convenience on the main floor. Upstairs, both bedrooms feature walk-in closets and window shutters, while the spacious primary retreat impresses with vaulted ceilings and an oversized en-suite bath complete with a walk-in shower. Two parking spaces accompany the residence, enhancing everyday ease. Just moments from the beach, Downtown Santa Monica, Douglas Park, Lincoln Middle School, and a variety of neighborhood amenities, this townhouse offers a balanced blend of comfort, function, and location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 7,985 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $662.0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Franklin Elementary School
Grades PK-5 • 0.5 mi
Roosevelt Elementary School
Grades K-5 • 0.8 mi
Lincoln Middle School
Grades 6-8 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,289 | 1,389 | 40% |
| Lot Size | 7,985 | 7,754 | 52% |
| Price | $1.05M | $1.40M | 32% |
| Price per sq ft | $814 | $984 | 10% |
| Built year | 1981 | 1976 | 60% |
| HOA | $662.0 | $600 | 64% |
| Days on market | 57 | 167 | 12% |
Pricing History
Listed for Sale
Jan 8, 2026
$1,049,000
Initial Listing
Sold
Sep 3, 2015
$815,000
Public Record
Sold
Apr 27, 2012
$670,000
Public Record

















