RealKey
‪(213) 433-7766‬

1131 Harvard Street, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath

1131 Harvard Street, Santa Monica, California 90403 home-pic-0
ACTIVE$3,398,000
1131 Harvard Street, Santa Monica, California 90403
3Beds
3Baths
1,955Sqft
7,900Lot
Year Built
1935
Close
-
List price
$3.4M
Original List price
$3.6M
Price/Sqft
$1,738
HOA
-
Days on market
-
Sold On
-
MLS number
25544689
Home ConditionFair
Features
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.40M(40th), sqft - 1955(40th), beds - 3(40th), baths - 3(50th).

Welcome to 1131 Harvard Street! Situated on a quiet tree-lined street north of Wilshire, this charming property offers tremendous potential for updating to suit your vision.This 3 bedroom 2 bathroom home offers great bones with an inviting floor plan that includes a spacious living room with fireplace, a formal dining area, and a kitchen that's ready for a modern refresh. The generously sized backyard is a blank canvas-perfect for outdoor entertaining, expansion, or a potential pool. The detached garage adds value with ADU potential (buyer to verify), making this a smart investment opportunity in a high-demand area near Erewhon, Montana Ave shops, Brentwood, and top schools. Whether you're an end user ready to personalize your space or an investor seeking upside potential, this is a must-see.

Price History

Date
Event
Price
01/24/03
Sold
$900,000
01/05/99
Sold
$549,000
Condition Rating
Fair
Built in 1935, this property has 'great bones' and appears well-maintained with functional systems and good hardwood flooring. However, the listing explicitly states it has 'tremendous potential for updating' and the 'kitchen is ready for a modern refresh.' Images confirm the kitchen features dated wood cabinets, granite countertops, and an older-style backsplash. While appliances appear functional, the overall aesthetic is not contemporary. The bathrooms are not clearly pictured, but it's reasonable to assume they align with the kitchen's dated condition. This indicates a need for more than minor updates, aligning with the 'Fair' category where major components are functional but show signs of being outdated and require substantial modernization, rather than just minor repairs.
Pros & Cons

Pros

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 = 7900, living area = 1955.
Prime North of Wilshire Location: Situated on a quiet, tree-lined street in a highly desirable Santa Monica neighborhood, offering proximity to upscale shops (Montana Ave), amenities (Erewhon), Brentwood, and top-rated schools.
Significant Customization & Upside Potential: The property presents a blank canvas with 'great bones' and an inviting floor plan, offering tremendous opportunity for a buyer to update and personalize to their vision, maximizing future value.
ADU Conversion Potential: The detached garage provides a valuable opportunity for conversion into an Accessory Dwelling Unit (ADU), enhancing rental income potential or providing flexible living space.
Generous & Versatile Backyard: A generously sized 7,900 sqft lot features a backyard described as a 'blank canvas,' ideal for extensive outdoor entertaining, expansion, or the addition of a pool.
Classic Architectural Foundation: Built in 1935, the home possesses 'great bones' and a traditional layout including a spacious living room with a fireplace and a formal dining area, providing a solid foundation for renovation.

Cons

Requires Extensive Modernization: The property explicitly states it has 'tremendous potential for updating' and a 'kitchen that's ready for a modern refresh,' indicating significant renovation costs and effort will be required to meet contemporary standards.
Overpriced Relative to Market Estimate: The current list price of $3.398M is notably 15% above the property's estimated value of $2.868M, which may impact buyer interest and negotiation leverage.
Age-Related Maintenance & System Updates: As a 1935-built home, it is likely to require updates to major systems (e.g., plumbing, electrical, HVAC) and general maintenance beyond cosmetic renovations, which could incur substantial unforeseen expenses.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state