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1040 4th St 405, Santa Monica, CA 90403

List Price: $3,125,000On Market FlagOn market
Mar 10, 20252,243 sqft3 beds3 baths
Listed by: Melissa Platt
License #: 01961560
Phone #: 424-230-7429
The Agency
Source:
CRMLS Logo
MLS #: 25508953

Property Description

Welcome to The Dorchester House, an exquisite penthouse unit located just four blocks from the beach, moments from the vibrant 3rd Street Promenade, and offering easy access to Montana Avenue. This stunning two-story home at 1040 4th St Unit 405 features 3 bedrooms, 3 bathrooms, and 2,243 sqft of luxurious living space, where sophistication meets coastal charm.The expansive living areas feature 8-foot double-height windows and French doors that open up to a front-facing private balcony, providing a perfect space to enjoy the views. Additionally, the unit offers a spacious private outdoor patio, tucked on the side of the home, ideal for relaxing, dining, or entertaining in complete privacy. The primary bedroom boasts a walk-in closet, and the spa-like primary bathroom includes a soaking tub, shower, and double vanity for a truly indulgent experience.The open-concept kitchen is a chef's dream, equipped with top-of-the-line appliances and sleek finishes. The second floor features a lofted space with a second bedroom, offering a perfect retreat or additional living area. Glass railings enhance the modern, airy feel, and every bedroom includes its own ensuite bathroom for ultimate privacy and convenience.Additional features include a laundry room, multiple indoor storage closets, and a storage closet located outside for added convenience. With 3 side-by-side parking spaces, parking in the city is a breeze.This is a rare opportunity to live in a penthouse unit in one of Santa Monica's most coveted locations, with easy access to the beach, the 3rd Street Promenade, and all the best dining, shopping, and entertainment the area has to offer. Experience the ultimate coastal lifestyle at The Dorchester House!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$41,667

TurboHome Estimated Value

$2,951,400

$1,316 sqft

High Valuation
$3,098,970
$1382/sqft
Normal Valuation
$2,951,400
$1316/sqft
Low Valuation
$2,803,830
$1250/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1316/sqft$2,951,400

Neighborhood

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Comparative Value

$2.00M

$2.17M

$2.37M

$2.80M

$3.13M

1048 10th St 103, Santa Monica, CA 90403

Sale Price: $1,995,000

Selected Comparable

421 California Ave 102, Santa Monica, CA 90403

Sale Price: $2,049,000

Selected Comparable

931 10th St B, Santa Monica, CA 90403

Sale Price: $2,167,000

Selected Comparable

1007 Ocean Ave 204, Santa Monica, CA 90403

Sale Price: $2,365,000

Selected Comparable

1032 3rd St 102, Santa Monica, CA 90403

Sale Price: $2,800,000

Selected Comparable

1040 4th St 405, Santa Monica, CA 90403

List Price: $3,125,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1040 4th St 405, Santa Monica, CA 90403

1040 4th St 405, Santa Monica, CA 90403

List: $3,125,000

Listed: 3/10/2025

Area:2,243 sqft
Price/sqft:$1,393
Beds:3
Baths:3
Year Built:
Lot Size:30,025

Comparable Properties

COMPARABLE
Choose comps
1032 3rd St 102, Santa Monica, CA 90403

1032 3rd St 102, Santa Monica, CA 90403

Sale: $2,800,000

6/24/20250.08 mi

Area:2,260 sqft
Price/sqft:$1,239
Beds:3
Baths:4
Year Built:
Weight:21.9%
1007 Ocean Ave 204, Santa Monica, CA 90403

1007 Ocean Ave 204, Santa Monica, CA 90403

Sale: $2,365,000

10/18/20240.19 mi

Area:2,010 sqft
Price/sqft:$1,177
Beds:3
Baths:3
Year Built:
Weight:20.6%
421 California Ave 102, Santa Monica, CA 90403

421 California Ave 102, Santa Monica, CA 90403

Sale: $2,049,000

2/20/20250.07 mi

Area:2,110 sqft
Price/sqft:$971
Beds:3
Baths:4
Year Built:
Weight:19.8%
931 10th St B, Santa Monica, CA 90403

931 10th St B, Santa Monica, CA 90403

Sale: $2,167,000

9/19/20240.52 mi

Area:2,034 sqft
Price/sqft:$1,065
Beds:3
Baths:3
Year Built:
Weight:19.8%
1048 10th St 103, Santa Monica, CA 90403

1048 10th St 103, Santa Monica, CA 90403

Sale: $1,995,000

10/8/20240.45 mi

Area:1,726 sqft
Price/sqft:$1,156
Beds:3
Baths:3
Year Built:
Weight:17.9%

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