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3017 Virginia Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 3 bed, 1 bath

3017 Virginia Avenue, Santa Monica, California 90404 home-pic-0
ACTIVE UNDER CONTRACT$1,199,000
3017 Virginia Avenue, Santa Monica, California 90404
3Beds
1Bath
1,344Sqft
6,491Lot
Year Built
1941
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$892
HOA
-
Days on market
-
Sold On
-
MLS number
25622755
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(20th), sqft - 1344(30th), beds - 3(50th), baths - 1(30th).

This property presents a rare opportunity in Santa Monica! Set on a generous 6,491 square foot lot in a highly sought-after Westside neighborhood, this three-bedroom, one-bath, 1,344 square foot residence offers the freedom to rebuild or redesign. Whether you envision a thoughtful renovation or a ground-up build, the lot provides the perfect starting point for a transformation. You're less than a mile from the Saturday Pico Farmers Market, and minutes from Ocean Avenue, the lively Third Street Promenade, and exceptional Westside dining and shops. Families have access to Edison Elementary and Santa Monica High School within the well-regarded Santa Monica-Malibu Unified School District. This property is ideal for developers or buyers looking to shape a home with intention in one of Santa Monica's most enduring and desirable neighborhoods.

Price History

Date
Event
Price
12/01/25
Listing
$1,199,000
Condition Rating
Tear down
Built in 1941, this property is over 80 years old with no evidence of major renovations in the past 50 years. The interior images reveal an extremely dilapidated condition with severely outdated and worn kitchen and bathroom components, including original cabinets, worn countertops, old fixtures, and heavily stained walls/ceilings. The listing description explicitly markets the property for 'rebuild or redesign' or a 'ground-up build,' indicating its value is primarily in the land and its potential for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

Prime Westside Santa Monica Location: Situated in a highly sought-after Westside neighborhood, offering a rare opportunity in a desirable city.
Generous Development Lot: A substantial 6,491 sq ft lot provides ample space for a significant rebuild or custom home design.
High Renovation/Rebuild Potential: Ideal for developers or buyers seeking to create a bespoke residence, maximizing value in a premium area.
Exceptional Walkability & Amenities: Close proximity to the Pico Farmers Market, Ocean Avenue, Third Street Promenade, and a vibrant selection of dining and shopping.
Access to Top-Tier Schools: Located within the highly-regarded Santa Monica-Malibu Unified School District, including Edison Elementary and Santa Monica High School.

Cons

Outdated & Small Existing Residence: The 1941-built, 1,344 sq ft home is functionally limited and requires extensive modernization or demolition.
Significant Additional Investment: The property's value lies primarily in the land and location, necessitating a substantial budget for renovation or new construction beyond the purchase price.
Single Bathroom Constraint: The presence of only one bathroom for a three-bedroom layout is a major functional drawback for contemporary living standards and family needs.

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