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2817 3rd Street 4, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 2 bath

2817 3rd Street 4, Santa Monica, California 90405 home-pic-0
ACTIVE$1,150,000
2817 3rd Street 4, Santa Monica, California 90405
2Beds
2Baths
1,060Sqft
6,378Lot
Year Built
1922
Close
-
List price
$1.15M
Original List price
$1.39M
Price/Sqft
$1,085
HOA
$471
Days on market
-
Sold On
-
MLS number
25531561
Home ConditionExcellent
Features
Patio
View

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(50th), sqft - 1060(43th), beds - 2(50th), baths - 2(50th).

Live car free in Santa Monica's Ocean Park Neighborhood. Minutes to cafes, beach and public transit. This unit blends indoor and outdoor comfort with a lush private patio through the french doors. You flow seamlessly from your living space to the oversized outdoor area, complete with BBQ hook up. Inside this single level unit you will find 2b/ 2b with blonde engineered hardwood floors, custom built in bookshelves around a cozy stone fireplace, a sophisticated kitchen with quartz countertops and Bertazzoni appliances. The primary bedroom offers large custom California walk in closet, dual vanity, warming towel rack for those cool mornings, and walk in shower. The second bedroom offers extra space for guests or an office, complete with en suite bath and spa tub. Full size stackable washer/ dryer. This is a TIC unit (you will own 18.2% of building). Originally built in 1922, this single family home was taken down to one wall and completely redone in 2020. This 4 unit Cape Cod style fits the neighborhood perfectly and feels as good as it looks. Great energy and very bight natural light. Living here means you can truly opt for a car-light lifestyle. The Unit comes with 2 permits for street parking and plenty of guest permits. Just minutes from Ocean Ave, 3rd street promenade, beach, shops/dine, transit and more. Location is King with this unit and a rare chance to own in one of the only walkable Los Angeles neighborhoods, highly desirable, highly densified part of Santa Monica. Buyers must work with Meriwest Credit union, Bank of Marin or City National Bank to get a loan. Conventional lenders will not loan on a TIC.

Price History

Date
Event
Price
09/17/25
Price Change
$1,150,000-11.2%
08/09/25
Price Change
$1,295,000
04/29/25
Listing
$1,390,000
10/26/22
Sold
$1,549,000
12/02/20
Sold
$1,500,000
09/28/20
Sold
$1,100,000
06/16/20
Sold
$1,450,000
04/28/20
Sold
$1,440,000
08/03/17
Sold
$3,015,000
Condition Rating
Excellent
Despite being originally built in 1922, this property underwent an extensive renovation in 2020, effectively making it a virtually new home. The kitchen features sophisticated quartz countertops and high-end Bertazzoni appliances. Bathrooms are luxurious with dual vanities, a warming towel rack, walk-in shower, and a spa tub. Throughout the unit, blonde engineered hardwood floors, modern light fixtures, and custom built-ins contribute to a contemporary and high-quality finish, with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Prime Walkable Location: Situated in Santa Monica's highly desirable Ocean Park neighborhood, offering a car-free lifestyle with minutes-long access to cafes, the beach, public transit, Ocean Ave, and 3rd Street Promenade.
Extensive Recent Renovation: Originally built in 1922, the unit was taken down to one wall and completely redone in 2020, providing modern infrastructure and finishes within a charming Cape Cod style.
High-End Interior Finishes: Features include blonde engineered hardwood floors, custom built-in bookshelves, a sophisticated kitchen with quartz countertops and Bertazzoni appliances, and luxurious primary suite amenities like a custom California walk-in closet, dual vanity, and warming towel rack.
Private Outdoor Living Space: Seamless indoor-outdoor flow to a lush, oversized private patio through French doors, complete with a BBQ hookup, ideal for entertaining and relaxation.
Abundant Natural Light: The unit boasts 'great energy and very bright natural light,' enhancing the living experience and perceived spaciousness.

Cons

TIC Ownership & Limited Financing: As a Tenancy in Common (TIC) unit, ownership is non-traditional, significantly restricting financing options to specific lenders (Meriwest Credit Union, Bank of Marin, City National Bank), excluding conventional loans.
Reliance on Street Parking: While two street parking permits and guest permits are provided, the absence of dedicated, private parking can be a drawback for some buyers in a dense urban environment.
Significant Price Reductions: The property has undergone multiple price drops from its original list price of $1.39M to the current $1.15M, indicating potential market resistance or an initial overvaluation, likely influenced by the TIC structure.

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