2339 23rd Street, Santa Monica, California 90405, Santa Monica, 90405 - 3 bed, 2 bath

2339 23rd Street, Santa Monica, California 90405 home-pic-0
ACTIVE$2,495,000
2339 23rd Street, Santa Monica, California 90405
3Beds
2Baths
1,689Sqft
6,766Lot
Year Built
1949
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$1,477
HOA
-
Days on market
-
Sold On
-
MLS number
SR25081568
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.50M(48th), sqft - 1689(52th), beds - 3(50th), baths - 2(50th).

The seller has submitted a plan to the City of Santa Monica, currently under review for approval, to enhance the property's living space. The plan includes an addition of 381 square feet to the existing home, transforming it into a spacious 4-bedroom, 4-bathroom residence. Each bedroom is designed to offer ultimate privacy and convenience, featuring its own en-suite bathroom. Furthermore, the proposal includes the addition of a 350-square-foot Accessory Dwelling Unit (ADU) at the rear of the property, perfect for guests or as a rental opportunity. This innovative expansion plan promises to elevate the property's functionality and appeal, making it a perfect blend of luxury and practicality. Welcome to 2339 23rd Street, a captivating residence located in the heart of the coveted Sunset Park neighborhood in Santa Monica. This 2-bedroom, 2-bath home, featuring a groovy den that can easily be transformed into a third bedroom, offers an exceptional opportunity for those with a creative vision to own a piece of prime real estate in this sought-after location. Encompassing 1,689 square feet, this home is bathed in natural light, boasting high ceilings and new laminate flooring throughout. The freshly painted exterior and interior give the home a cozy feel. Situated on a generous 6,764 square foot lot, the property includes a nice-sized backyard perfect for relaxation or entertaining. The detached garage, with convenient side alley access, presents a fantastic opportunity to build an Accessory Dwelling Unit (ADU), enhancing the property's value and versatility. Enjoy the entire frontage of the house to craft an inviting atmosphere that reflects your personal style. This unbeatable location is just blocks away from Grant Elementary, John Adams, and Santa Monica College. You'll also appreciate the proximity to the Saturday Farmers Market, Whole Foods, Clover Park, and a variety of trendy local shops, coffee spots, and dining options. For those who commute, the 10 Freeway is conveniently close yet perfectly distanced to maintain tranquility. Don't miss out on this unique chance to create your dream home in one of Santa Monica's most desirable areas. Experience the vibrant lifestyle that 2339 23rd Street has to offer.

Price History

Date
Event
Price
12/02/24
Sold
$1,710,000
Condition Rating
Good

The property, built in 1949, has undergone significant recent cosmetic renovations, including a modern kitchen with stainless steel appliances, updated bathrooms with contemporary fixtures, new laminate flooring throughout, and fresh interior/exterior paint. These updates make the home move-in ready with no immediate renovation required for the visible areas. However, the property's age and the lack of explicit mention of recent updates to major systems (HVAC, electrical, plumbing, roof), as also noted in the property analysis's weaknesses, prevent it from achieving an 'Excellent' rating. It fits the 'Good' criteria of having updated components without a full, extensive renovation of all major systems.
Pros & Cons

Pros

Significant Expansion Potential: Seller has submitted plans for a substantial expansion to a 4-bedroom, 4-bathroom main residence (adding 381 sqft) and a 350 sqft Accessory Dwelling Unit (ADU), streamlining future development for the buyer.
Prime Sunset Park Location: Located in the highly coveted Sunset Park neighborhood of Santa Monica, offering strong investment value and desirable lifestyle.
Excellent Proximity to Amenities & Schools: Walking distance to top-rated schools (Grant Elementary, John Adams, Santa Monica College) and convenient access to local markets, parks, trendy shops, coffee spots, and dining options.
Generous Lot with ADU Opportunity: A substantial 6,764 sqft lot with a detached garage and side alley access provides an ideal setup for ADU development, enhancing property utility and potential rental income.
Recent Cosmetic Updates: The existing home features new laminate flooring, fresh interior/exterior paint, high ceilings, and abundant natural light, offering a comfortable living space while future plans are executed.

Cons

Current Modest Configuration: The existing 2-bedroom, 2-bathroom, 1,689 sqft layout is relatively modest for the Santa Monica market and price point, requiring the proposed expansion to meet higher-end buyer expectations.
Uncertainty of Expansion Approval: While plans are submitted, they are 'under review for approval,' meaning the buyer will inherit the risk, potential delays, and costs associated with obtaining final city permits and construction.
Age of Property & System Upgrades: Built in 1949, the property, despite cosmetic updates, may have older major systems (e.g., plumbing, electrical, HVAC) that could require significant investment to modernize and align with a newly expanded luxury home.

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