1301 Stanford St, Santa Monica, California 90404, Santa Monica, 90404 - 2 bed, 2 bath
ACTIVE$1,695,000
1301 Stanford St, Santa Monica, California 90404
2Beds
2Baths
886Sqft
4,020Lot
Year Built
1940
Close
-
List price
$1.7M
Original List price
$1.79M
Price/Sqft
$1,913
HOA
-
Days on market
-
Sold On
-
MLS number
25549211
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.70M(50th), sqft - 886(10th), beds - 2(20th), baths - 2(50th).
MAJOR REDUCTION! Tenant has moved out! Home is Vacant and EXEMPT FROM SANTA MONICA RENT CONTROL. Charming bungalow in prime Santa Monica. 2 bedrooms, 2 baths, atrium space, hardwood floors, charming patio. Live in this sweet, little bungalow, or renovate , add an ADU or build your dream home. Buyers to check with City on what can or cannot be done, owner and Broker makes no guarantees or warranties. Close to many restaurants and shopping of Santa Monica, not far from the beach and access to Santa Monica Schools. Easy to show.
Price History
Date
Event
Price
09/10/25
Price Change
$1,695,000-4.2%
08/20/25
Price Change
$1,770,000-0.6%
08/19/25
Price Change
$1,780,000
06/05/25
Listing
$1,795,000
01/26/99
Sold
$350,000
Condition Rating
Poor
Built in 1940, this property is over 80 years old. The kitchen and bathrooms are significantly outdated, featuring original or very old cabinets, countertops, appliances, and fixtures that appear to be 30-50+ years old. While hardwood floors are present in some areas, the overall condition suggests that major systems (electrical, plumbing, HVAC) are likely original or very old and would require substantial rehabilitation and upgrades to meet modern standards. The listing description explicitly suggests renovation or rebuilding, indicating the property is not move-in ready for contemporary living without significant investment.
Pros & Cons
Pros
Prime Santa Monica Location: Situated in a highly desirable Santa Monica neighborhood, offering excellent proximity to restaurants, shopping, the beach, and access to reputable Santa Monica Schools.
Development & Value-Add Potential: The property presents significant opportunities for renovation, adding an Accessory Dwelling Unit (ADU), or rebuilding a dream home, allowing for substantial future value creation.
Exempt from Santa Monica Rent Control: A rare and highly advantageous feature in Santa Monica, providing the owner with exceptional flexibility regarding tenancy and rental terms.
Recent Price Reduction: A 'MAJOR REDUCTION' from the original list price indicates a motivated seller and offers a more attractive entry point for potential buyers.
Vacant & Charming Features: The home is vacant, allowing for immediate occupancy, and boasts charming bungalow characteristics, hardwood floors, and a private patio.
Cons
Compact Square Footage: With only 886 square feet, the interior living space is relatively small for a single-family residence in Santa Monica, especially at this price point.
Age and Potential Renovation Costs: Built in 1940, the property may require significant investment for updates or renovations to modernize and meet contemporary buyer expectations.
Uncertainty in Development Approval: Buyers are advised to verify development possibilities with the city, placing the burden and potential risk of approval processes on the purchaser for any renovation or expansion plans.