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507 W Rustic Rd., Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath

507 W Rustic Rd., Santa Monica, California 90402 home-pic-0
ACTIVE$3,960,000
507 W Rustic Rd., Santa Monica, California 90402
3Beds
3Baths
2,176Sqft
13,748Lot
Year Built
1973
Close
-
List price
$3.96M
Original List price
$3.95M
Price/Sqft
$1,820
HOA
-
Days on market
-
Sold On
-
MLS number
SB25229332
Home ConditionPoor
Features
Good View: Canyon, Mountain(s), River, Trees/Woods
Patio
ViewCanyon, Mountain(s), River, Trees/Woods

About this home

Great Deal:The estimated price is 3% above the list price. We found 3 Cons,6 Pros. Rank: price - $3.96M(24th), sqft - 2176(25th), beds - 3(38th), baths - 3(40th).

Welcome to an investor's dream come true -- a serene traditional home nestled in the heart of Santa Monica Canyon. Perfectly positioned on a quiet, tree-lined street across from the Rustic Canyon Creek, this charming two-story residence offers the perfect blend of tranquility, natural beauty, and coastal convenience. Just moments from top-rated schools and many other Santa Monica attractions, the home captures the very essence of canyon living. This 3-bedroom, 3-bathroom home sits on an expansive, nearly 14,000-square-foot lot, featuring a two-car attached garage with extra storage and plenty of outdoor space to relax, restore, or reimagine. Whether refreshed with thoughtful updates or completely re-envisioned, this property presents a rare opportunity for both end users and developers alike. Embodying the best of Southern California living, this enchanting residence combines privacy, nature, and timeless coastal charm in one of Los Angeles’ most sought-after neighborhoods.

Price History

Date
Event
Price
12/06/25
Price Change
$3,960,000+0.9%
11/11/25
Price Change
$3,925,000-0.6%
10/16/25
Listing
$3,950,000
04/12/17
Sold
$2,050,000
Condition Rating
Poor
Built in 1973, this property is 51 years old and the listing explicitly states it needs to be 'refreshed with thoughtful updates or completely re-envisioned,' indicating substantial renovation is required. The property analysis also highlights 'Dated Condition & Renovation Required' and 'significant renovation costs.' While no images of the kitchen or bathrooms are provided, the general interior photos show dated finishes, original hardwood floors, and an older brick fireplace, with one room showing unfinished wall areas. This suggests that major components, including critical areas like kitchens and bathrooms, are likely original or last updated 30-50 years ago, requiring extensive rehabilitation to meet modern standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13748, living area = 2176.
Exceptional Location: Nestled in the highly sought-after Santa Monica Canyon on a quiet, tree-lined street, offering a blend of tranquility, natural beauty, and coastal convenience, moments from top-rated schools and attractions.
Generous Lot Size: An expansive nearly 14,000-square-foot lot is a rare find in Santa Monica, providing ample outdoor space and significant potential for expansion or landscaping.
Natural Serenity & Views: Positioned across from the Rustic Canyon Creek, the property boasts natural views of the Canyon, Mountains, River, and Trees/Woods, enhancing its peaceful and picturesque setting.
Significant Development Potential: Explicitly marketed as an 'investor's dream' suitable for 'end users and developers alike' for either thoughtful updates or complete re-envisioning, indicating high upside for value creation.
Strong School District: Located within the highly regarded Santa Monica-Malibu Unified School District, a major draw for families seeking quality education.

Cons

Dated Condition & Renovation Required: Built in 1973, the property is described as needing 'thoughtful updates or completely re-envisioned,' implying significant renovation costs and effort to modernize the home.
High Entry Price Point: With a list price of $3.96 million, the property represents a substantial investment, which may narrow the pool of potential buyers, even for a prime Santa Monica location.
Extensive Project Scope: While offering development potential, the need for a full 're-envisioning' suggests a major undertaking, which could deter buyers looking for a more immediate move-in or a less complex renovation project.

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