954 5th Street, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 4 bath

954 5th Street, Santa Monica, California 90403 home-pic-0
ACTIVE UNDER CONTRACT$2,799,900
954 5th Street, Santa Monica, California 90403
3Beds
4Baths
1,500Sqft
7,486Lot
Year Built
1908
Close
-
List price
$2.8M
Original List price
$2.8M
Price/Sqft
$1,867
HOA
$800
Days on market
-
Sold On
-
MLS number
25610599
Home ConditionExcellent
Features
Patio
View

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,7 Pros. Rank: price - $2.80M(27th), sqft - 1500(27th), beds - 3(40th), baths - 4(53th).

A special opportunity to own a piece of Santa Monica History. Sophisticated living with timeless appeal in this quintessential charmed 3 br +4 ba cottage with 2 car side-by-side parking with direct access into residence. Built in 1908 and fully restored as brand new construction in 2018, the Cottage preserves its charm with bay windows, exposed rafter tails but now includes modern flare with elevated hipped-roof, vaulted ceilings, wide plank walnut floors, wainscoting and custom cabinetry. The historic masterpiece offers a storybook setting with white picket fence front yard, large covered patio leading into the bright and airy open floor plan. Kitchen features custom cabinets with Carrara marble counters, chef's appliances: Bertizoni, Sub Zero, Kitchenaid. Bathrooms finished with Cararra marble, large format tiles, custom wall-hung cabinets, and frameless glass enclosures. As part of the Mills Act program, this residence not only celebrates its historic roots but rewards its next steward with substantial annual property tax savings a rare opportunity in one of L.A.'s most coveted zip codes. Three condominium units on the lot in back are part of the HOA.

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.3mi
9/10
Franklin Elementary School
Public,PK-51.5mi
8/10
Lincoln Middle School
Public,6-80.8mi
8/10
Santa Monica High School
Public,9-121.2mi

Price History

Date
Event
Price
10/24/25
Listing
$2,799,900
12/26/18
Sold
$2,415,000
05/23/17
Sold
$2,981,500
05/22/14
Sold
$2,050,000
08/19/11
Sold
$1,100,000
Condition Rating
Excellent

Despite being built in 1908, this property underwent a full restoration in 2018, effectively making it a brand new construction. The kitchen features custom cabinets, Carrara marble counters, and high-end chef's appliances (Bertizoni, Sub Zero, Kitchenaid). Bathrooms are equally luxurious with Carrara marble, large format tiles, custom wall-hung cabinets, and frameless glass enclosures. Wide plank walnut floors, vaulted ceilings, and modern light fixtures throughout confirm a high-quality, recent renovation with no deferred maintenance.
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 = 7486, living area = 1500.
Great Schools: Elementary School: Franklin Elementary School (9/10).
Mills Act Tax Savings: The property is part of the Mills Act program, offering substantial annual property tax savings, a significant financial advantage in a high-value area.
Historic Charm with Modern Renovation: Originally built in 1908, the cottage was fully restored in 2018, blending timeless charm (bay windows, exposed rafter tails) with modern luxury (vaulted ceilings, wide plank walnut floors, custom cabinetry).
Prime Santa Monica Location: Located in Santa Monica's coveted 90403 zip code, offering desirable lifestyle and strong investment potential.
High-End Finishes & Appliances: Features a chef's kitchen with custom cabinets, Carrara marble counters, Bertizoni, Sub Zero, and Kitchenaid appliances, along with luxurious bathroom finishes.
Convenient Parking: Includes 2-car side-by-side parking with direct access into the residence, a valuable amenity in Santa Monica.

Cons

High Monthly HOA Fee: The property carries a substantial monthly association fee of $800, which adds to the overall cost of ownership.
Shared Lot/HOA Structure: Despite being a 'cottage,' the property is part of an HOA with three condominium units on the lot, which may imply shared common areas or less autonomy than a traditional single-family home.
Listing Price vs. Estimated Value: The current listing price is approximately 7% higher than the estimated property value, suggesting it may be priced above market expectations.

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