701 Marine Street, Santa Monica, California 90405, Santa Monica, 90405 - 4 bed, 3 bath

701 Marine Street, Santa Monica, California 90405 home-pic-0
ACTIVE UNDER CONTRACT$2,250,000
701 Marine Street, Santa Monica, California 90405
4Beds
3Baths
1,567Sqft
4,375Lot
Year Built
1897
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$1,436
HOA
-
Days on market
-
Sold On
-
MLS number
24472509
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 2 Cons,3 Pros. Rank: price - $2.25M(33th), sqft - 1567(48th), beds - 4(64th), baths - 3(57th).

**OFFER DEADLINE, Wed 1/22 @ 4:00pm** Welcome to a truly special property that embodies the charm and warmth of a classic California bungalow, nestled in one of Santa Monica's most desirable neighborhoods. This rare offering features two single-family homes on one lot, separated by a garage and driveway, and legally zoned as a duplex, perfectly blending versatility, comfort, and opportunity. The front house is a bright and inviting 2-bedroom, 2-bathroom haven that exudes character with its timeless details and modern updates. Abundant natural light streams through every room, highlighting the seamless flow and cozy ambiance. Step outside and find yourself immersed in the tranquil private yard, a lush sanctuary perfect for relaxing, gardening, or entertaining under the California sun. The back house is a delightful 2-bedroom, 1-bathroom retreat that offers equal charm and privacy. Whether used as a guest house, a rental opportunity, or a creative workspace, this secondary home provides endless potential. This property is brimming with possibilities: Live in one home and rent the other for additional income. Create a multi-generational living setup while maintaining privacy. Use the secondary home as a studio or home office. As a resident, you'll enjoy Santa Monica's exceptional city benefits, including top-rated schools, abundant parks, and world-class shopping. Plus, you're just moments from the iconic beaches, shops, and dining that make this city so beloved.

Price History

Date
Event
Price
02/14/25
Sold
$2,565,000
04/28/16
Sold
$1,942,500
04/17/08
Sold
$855,000
Condition Rating
Fair

The property was built in 1897. While the description mentions 'modern updates,' the images reveal a mix of old and new. The kitchens and bathrooms appear functional but are dated in style. Some fixtures and finishes show their age. The property seems maintained but is due for more comprehensive renovations to bring it up to modern standards. Given the age and visible condition, 'Fair' is the most appropriate rating.
Pros & Cons

Pros

Desirable Location: Located in a highly sought-after Santa Monica neighborhood, close to beaches, shops, and dining.
Duplex Zoning: Zoned as a duplex, offering versatility for rental income, multi-generational living, or creative workspace.
Charming Character: Features a classic California bungalow style with timeless details and modern updates.

Cons

Older Construction: Built in 1897, the property may require ongoing maintenance and potential upgrades due to its age.
Active Under Contract: The property is currently under contract, which may deter some potential buyers.

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