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943 12th Street 7, Santa Monica, California 90403, Santa Monica, 90403 - 1 bed, 1 bath

943 12th Street 7, Santa Monica, California 90403 home-pic-0
ACTIVE$675,000
943 12th Street 7, Santa Monica, California 90403
1Bed
1Bath
800Sqft
7,493Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Franklin Elementary School (9/10).
Top Cons:
Significant Price Reductions & Sales History: The property has undergone multiple price reductions from its original list price of $795,000 to $675,000, and is currently listed below its 2022 sale price of $725,000, which may indicate market resistance or perceived overpricing.

Compared to the nearby listings

Price:$675.0K vs avg $1.30M ($-625,000)4%
Size:800 sqft vs avg 1,394 sqft15%
Price/sqft:$844 vs avg $99816%

More Insights

Built in 1973 (52 years old).
Condition: Despite being built in 1973, this unit has undergone an extensive and recent renovation, aligning with the 'Excellent' criteria for properties extensively renovated within 5 years. The description explicitly details a 'new designer kitchen' with new Bosch dishwasher, Samsung fridge, quartz countertops, sink, and plumbing. Images confirm a sleek, modern kitchen with white shaker cabinets and subway tile backsplash. The bathroom also appears recently updated with contemporary fixtures and finishes. Throughout the unit, features like hardwood and tile flooring, vaulted ceilings, recessed lighting, central air & heat, and double-paned windows indicate a high standard of recent upgrades. Recent HOA upgrades further contribute to the overall excellent condition of the building.
Year Built
1973
Close
-
List price
$675K
Original List price
$795K
Price/Sqft
$844
HOA
$475
Days on market
-
Sold On
-
MLS number
25521803
Home ConditionExcellent
Features
Deck
View-

About this home

Mid Century renovated architectural, steps to Montana Ave.Unique Light & Bright top floor unit features vaulted ceilings, clerestory windows, hardwood & tile flooring, recessed lighting, quartz countertops, fireplace, central air & heat, full size washer & dryer -(inside unit). New designer kitchen sparkles with Walker Zanger Tile, new Bosch@ dishwasher, new quartz countertops, new Samsung@ fridge new sink, new disposal, new plumbing. Huge 1 bed, 1 bath with large closets. Additional luxuries include -two designated tandem parking spaces in a secure garage with storage. All windows are double pained for great insulation. Serene outdoor terrace with large sliding doors from the bedroom & living room create a perfect indoor - outdoor flow. 12 blocks to THE BEACH, quiet 10 unit building. Faces South and North. Earthquake insurance included in the low HOA dues. NO rental restrictions! Recent HOA upgrades include: new hot water heater, new garage gate motor, new balconies, new structural reinforcement, new main sewer-line! A rare unit in the best neighborhood! ( dining room light fixure and TV's not included in sale). Seller's loan is assumable at 2.5% !

Nearby schools

8/10
Roosevelt Elementary School
Public,•K-5•0.4mi
9/10
Franklin Elementary School
Public,•PK-5•0.9mi
8/10
Lincoln Middle School
Public,•6-8•0.3mi
8/10
Santa Monica High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
03/07/22
Sold
$725,000
05/26/10
Sold
$460,000
Condition Rating
Excellent
Despite being built in 1973, this unit has undergone an extensive and recent renovation, aligning with the 'Excellent' criteria for properties extensively renovated within 5 years. The description explicitly details a 'new designer kitchen' with new Bosch dishwasher, Samsung fridge, quartz countertops, sink, and plumbing. Images confirm a sleek, modern kitchen with white shaker cabinets and subway tile backsplash. The bathroom also appears recently updated with contemporary fixtures and finishes. Throughout the unit, features like hardwood and tile flooring, vaulted ceilings, recessed lighting, central air & heat, and double-paned windows indicate a high standard of recent upgrades. Recent HOA upgrades further contribute to the overall excellent condition of the building.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Exceptional Financial Opportunity: The seller's assumable loan at an attractive 2.5% interest rate presents a significant financial advantage for potential buyers in the current market.
Prime Santa Monica Location: Located steps from Montana Avenue and just 12 blocks from the beach, this unit is in a highly desirable Santa Monica neighborhood with excellent walkability and top-rated schools nearby.
Extensively Renovated with Modern Amenities: This mid-century architectural unit has been thoroughly renovated, featuring a new designer kitchen with high-end appliances, central air & heat, full-size in-unit laundry, double-paned windows, vaulted ceilings, and recessed lighting.
Well-Maintained Building & Favorable HOA: The quiet 10-unit building benefits from recent HOA upgrades (new hot water heater, garage gate, balconies, structural reinforcement, sewer-line), includes earthquake insurance in low HOA dues, and has no rental restrictions.
Spacious Layout & Outdoor Living: Offering a generous 800 sqft for a 1-bedroom, 1-bath unit with large closets, two designated tandem parking spaces with storage, and a serene outdoor terrace creating seamless indoor-outdoor flow.

Cons

Significant Price Reductions & Sales History: The property has undergone multiple price reductions from its original list price of $795,000 to $675,000, and is currently listed below its 2022 sale price of $725,000, which may indicate market resistance or perceived overpricing.
Limited View: Despite being a top-floor unit, the property description explicitly states 'None' for views, which could be a drawback for buyers expecting scenic vistas in a coastal location.
Unit Type Limitation: As a 1-bedroom, 1-bathroom unit, the property's appeal and buyer pool may be limited compared to larger residences, despite its generous square footage for its type.

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