137 Strand Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 3 bath
ACTIVE$2,190,000
137 Strand Street, Santa Monica, California 90405
2Beds
3Baths
1,470Sqft
2,704Lot
Year Built
1949
Close
-
List price
$2.19M
Original List price
$2.5M
Price/Sqft
$1,490
HOA
-
Days on market
-
Sold On
-
MLS number
25529377
Home ConditionFair
Features
Good View: City Lights, Park/Greenbelt
ViewCity Lights,Park/Greenbelt
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.19M(31th), sqft - 1470(38th), beds - 2(26th), baths - 3(57th).
New Co-Ownership Opportunity:
Price History
Date
Event
Price
07/31/25
$2,190,000
04/23/25
$2,500,000
Condition Rating
Fair
Built in 1949, this property shows its age, particularly in the kitchen and bathroom. The kitchen features a vintage gas range, checkerboard flooring, and open shelving, indicating a lack of modern updates. The bathroom has a dated tiled corner tub and vintage sink. While the living areas appear well-maintained with hardwood floors and some recessed lighting, the presence of a wall-mounted heater points to older systems. The property is functional and appears to be maintained, but major components are outdated and would require significant renovation to meet current standards and buyer expectations.
Pros & Cons
Pros
Exceptional Location: Situated on Strand Street in Santa Monica, this property offers unparalleled access to the beach, local amenities, and the vibrant Santa Monica lifestyle, a highly desirable and premium location.
Desirable Views: The property boasts attractive 'City Lights' and 'Park/Greenbelt' views, enhancing its aesthetic appeal and contributing to a premium living experience.
Favorable Bath-to-Bed Ratio: With 3 bathrooms for 2 bedrooms, the property provides excellent convenience and functionality, a strong selling point for modern living and guest accommodation.
Recent Price Adjustment: A significant price reduction from $2.5M to $2.19M indicates increased seller flexibility and presents a potentially more attractive entry point for motivated buyers.
Single-Family Residence in High-Demand Area: Despite the co-ownership structure, it is a standalone home in one of Southern California's most sought-after and competitive real estate markets.
Cons
Co-Ownership Structure: The 'New Co-Ownership Opportunity' is a non-traditional ownership model that can limit financing options, complicate resale, and may not appeal to all buyers seeking full, unencumbered ownership.
Age of Property & Potential for Updates: Built in 1949, the home may require significant renovations, system upgrades, or deferred maintenance to meet contemporary standards and buyer expectations, incurring additional costs.
Compact Size & Lot: With 1470 sqft of living space on a 2704 sqft lot, the property offers limited interior and exterior space, which could be a drawback for buyers seeking larger homes or extensive outdoor areas.