943 Princeton Street, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath
943 Princeton Street
Santa Monica, California 90403
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 943 Princeton Street Subject | $3,695,000* List Price | 2 | 2 | 1,633 | $1,964 | - |
A 859 22nd Street Sold | $3,325,000 | 2 | 2 | 1,375 | $2,418 | 0.4 mi |
B 2832 Washington Sold | $2,833,000 | 2 | 2 | 1,455 | $1,947 | 0.2 mi |
C 2832 Washington Avenue Sold | $2,675,000 | 2 | 2 | 1,455 | $1,838 | 0.1 mi |
D 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is explicitly marketed as a land-value opportunity for redevelopment. Built in 1947 with no recorded renovations, the listing emphasizes the oversized lot and the potential for a custom dream home, indicating the existing structure holds little to no residual value and is intended for demolition.
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 = 8665, living area = 1633.
- Exceptional Lot Size
The oversized 8,665 square foot lot is significantly larger than typical parcels in the area, providing a rare and expansive footprint for a custom luxury estate or high-end development.
- A+ Westside Location
Perfectly positioned in the prestigious Collegiate Street neighborhood, the property offers immediate proximity to Montana Avenue, Brentwood Country Mart, and top-rated Santa Monica schools.
CONSRISKS & DEFICIENCIES
- Structure Obsolescence
Built in 1947, the existing 1,633 square foot home likely holds little residual value compared to the land, necessitating a full redevelopment or extensive renovation to meet modern luxury standards.
- Significant Total Capital Outlay
With a list price of nearly $3.7 million for land value, the total project cost including demolition and new construction will require a substantial financial commitment from the buyer.
About 943 Princeton Street
Never before on the open market! Set on a prime parcel in Santa Monica's Collegiate Street neighborhood, 943 Princeton Street presents an exceptional land-value opportunity in an A+ Westside location. What makes this property so desirable is the oversized 8,665 square foot lot - perfect for those looking to design and build a custom dream home or for developers seeking a premier site in a high-demand market. Perfectly positioned just minutes from Montana Avenue, the iconic Brentwood Country Mart, Wilshire Boulevard's renowned shops and restaurants, and the beach, this address offers the quintessential Santa Monica lifestyle. The property is also located within highly rated Santa Monica schools, further enhancing its long-term value. Surrounded by established luxury homes and new construction, this is a rare chance to build in a neighborhood where location truly defines the investment. 943 Princeton Street delivers the foundation for something truly exceptional in one of the Westside's most prestigious enclaves.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 8,665 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,633 | 1,886 | 40% |
| Lot Size | 8,665 | 7,854 | 73% |
| Price | $3.69M | $3.33M | 53% |
| Price per sq ft | $2.3K | $1.7K | 87% |
| Built year | 1947 | 1939 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 175 | 7% |
Pricing History
Listed for Sale
Jan 21, 2026
$3,695,000
Initial Listing