2432 3rd Street, Santa Monica, California 90405, Santa Monica, 90405 - bed, bath

2432 3rd Street, Santa Monica, California 90405 home-pic-0
ACTIVE$5,668,888
2432 3rd Street, Santa Monica, California 90405
0Bed
0Bath
4,400Sqft
6,534Lot
Year Built
1918
Close
-
List price
$5.67M
Original List price
$5.67M
Price/Sqft
$1,288
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2509010
Home ConditionExcellent
Features
Patio
ViewNeighborhood, Trees/Woods

About this home

We found 4 Cons,5 Pros. Rank: price - $5.67M(50th), sqft - 4400(50th), beds - undefined(50th), baths - undefined(50th).

Welcome to 2432 3rd St, a historic and charming multi-family property located in the heart of Santa Monica, CA. Built in 1918, this unique home boasts a total of 7 bathrooms and a spacious finished area of 4,400 square feet. Situated on a generous lot size of 6,495 square feet, this property offers plenty of outdoor space for relaxing and entertaining. Incredible and spacious 1920s Spanish style two-story duplex in front and classic craftsman shotgun bungalows nestled in back inside separate private compound. Entire property is gated for privacy and serenity. In historic Ocean Park, just 3 blocks from the beach and steps to world famous Main St with delicious and exciting nightlife, but also the calming quiet of the waves heard at night, and soothing breeze during the day. Fruit, flowering and other privacy trees and hedges see occasional southern California squirrels, hummingbirds and doves at play. Has driveway parking for up to 5 cars (one being in the carport.) An extensive and legal remodel and expansion completed in 2020, 2021, and 2023, the large breathtaking units are able to be quickly and easily rented out short or long term with a solid return on investment with the enticement of the beach location locking in a solid long term growth potential. Important note: square footage and rooms here are correct.

Price History

Date
Event
Price
12/05/25
Listing
$5,668,888
01/04/08
Sold
$1,480,000
02/02/06
Sold
$1,000,000
Condition Rating
Excellent

Despite being built in 1918, the MLS listing explicitly states an 'extensive and legal remodel and expansion completed in 2020, 2021, and 2023.' This means the property has been extensively renovated within the last 5 years. The images confirm this, showcasing modern kitchens with white shaker cabinets, light quartz countertops, modern sinks and faucets, and new white appliances (including stacked washer/dryers). Bathrooms are also fully updated with modern vanities, subway tile showers, and contemporary fixtures. Flooring throughout consists of well-maintained hardwood, modern wood-look laminate/vinyl, and clean tile. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Exceptional Coastal Location: Situated just 3 blocks from Santa Monica Beach and steps from vibrant Main Street, offering unparalleled lifestyle appeal and high tenant demand.
Strong Income Potential: A multi-family triplex explicitly designed for short or long-term rentals, promising a solid return on investment and long-term growth potential due to its desirable location.
Recent Extensive Remodel: Comprehensive and legal remodels completed between 2020-2023 ensure modern living standards, reduce immediate capital expenditure, and enhance property value.
Unique Architectural Character & Privacy: Features a charming blend of 1920s Spanish style and classic Craftsman bungalows within a private, gated compound, offering distinct appeal and serenity.
Ample Off-Street Parking: Driveway parking for up to 5 cars, including a carport, is a significant and highly valuable amenity in a dense coastal area like Santa Monica.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4400, other record living area = 2400.
Historic Property Maintenance: Despite recent remodels, the 1918 construction year may lead to ongoing maintenance challenges or unforeseen issues typical of older buildings.
Premium Price Point: The list price of over $5.6 million represents a substantial investment, which may limit the pool of potential buyers or investors.
Potential for Noise Proximity: While proximity to Main Street's nightlife is a draw, it could also expose residents to noise from bars and restaurants, potentially impacting tranquility.

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