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1012 2nd St 1, Santa Monica, CA 90403

List Price: $2,699,000On Market FlagOn market
Jan 13, 20251,850 sqft3 beds3 baths
Listed by: Regina Vannicola
License #: 01389034
Phone #: 310-625-2061
Compass
Source:
CRMLS Logo
MLS #: 25481305

Property Description

Available FULLY FURNISHED. This exquisite property offers a unique and stylish living experience that seamlessly blends form and function in a prime Santa Monica location just blocks to Montana Ave, Palisades Park, award-winning schools and beautiful beaches. The original 1924 Craftsman was expanded and transformed into a contemporary masterpiece in 2016 - with wide open spaces, soaring ceilings and thoughtful details - including smart home capabilities for lighting, entertainment, security and more. With 3 bedrooms, 3 bathrooms and a generous 1,850 square feet of living space, this (mostly) single-level condominium exudes style, elegance and an inviting vibe. The convenient proximity to the beach - just steps to the pedestrian overpass leading directly to the sand, Jonathan Club and bike path, ensures that you can enjoy breathtaking sunsets, invigorating walks, and relaxing picnics by the water with ease. Enjoy all the amenities of the nearby Fairmont - whether stopping by the spa, restaurant, or for hosting out-of-town guests - located just one block to such a renowned hotel brings additional luxury to an already exclusive experience. The condo itself is a unique find, boasting an architectural blend of historic preservation and modern sophistication. With meticulous attention to detail, the interior design creates an atmosphere that is both inviting and luxurious. The all-white designer kitchen features Miele appliances, extensive storage, and a built-in water filtration system. One of the standout features is its layout, which offers the feeling of a single-family home. The single-level design (there are a few steps down to the primary bedroom) ensures easy navigation and effortless transitions between the living spaces. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a sense of spaciousness and unity. Natural light floods the interior through large, front-facing windows, enhancing the warm and inviting ambiance throughout the day. The Primary Bedroom provides ample space for relaxation and privacy. With direct access to one of the two exclusive outdoor spaces, enjoy your evenings around the firepit with a glass of wine or simply with the company of friends and family. The primary bath features designer finishes including a floating dual-vanity, large standing shower, an oversized soaking tub and smart Toto Neorest Toilet. A noteworthy advantage of this historically preserved property is the potential positive effect on property taxes via the Mills Act. By preserving the historical charm and significance of the condo, you may benefit from reduced property tax obligations, making this an even more attractive investment opportunity. Overall, this unique and stylish condo offers the perfect balance of elegance, functionality, and proximity to the beach. Its prime location in Santa Monica, combined with its distinctive design sets it apart as an exceptional property. Additional attic storage with built-in storage. 2-car parking in secured garage, each pre-wired with 220v outlets for EV chargers. Don't miss your chance to own this remarkable residence and experience the very best of coastal living.
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

$40,611

TurboHome Estimated Value

$2,703,200

$1,461 sqft

High Valuation
$2,838,360
$1534/sqft
Normal Valuation
$2,703,200
$1461/sqft
Low Valuation
$2,568,040
$1388/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1461/sqft$2,703,200

Neighborhood

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Comparative Value

$1.85M

$2.05M

$2.22M

$2.37M

$2.70M

$2.80M

938 2nd St 301, Santa Monica, CA 90403

Sale Price: $1,850,000

Selected Comparable

421 California Ave 102, Santa Monica, CA 90403

Sale Price: $2,049,000

Selected Comparable

1048 3rd St 101, Santa Monica, CA 90403

Sale Price: $2,220,000

Selected Comparable

1007 Ocean Ave 204, Santa Monica, CA 90403

Sale Price: $2,365,000

Selected Comparable

1012 2nd St 1, Santa Monica, CA 90403

List Price: $2,699,000

Subject Property

1032 3rd St 102, Santa Monica, CA 90403

Sale Price: $2,800,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1012 2nd St 1, Santa Monica, CA 90403

1012 2nd St 1, Santa Monica, CA 90403

List: $2,699,000

Listed: 1/13/2025

Area:1,850 sqft
Price/sqft:$1,459
Beds:3
Baths:3
Year Built:
Lot Size:7,509

Comparable Properties

COMPARABLE
Choose comps
1007 Ocean Ave 204, Santa Monica, CA 90403

1007 Ocean Ave 204, Santa Monica, CA 90403

Sale: $2,365,000

10/18/20240.03 mi

Area:2,010 sqft
Price/sqft:$1,177
Beds:3
Baths:3
Year Built:
Weight:22.4%
1048 3rd St 101, Santa Monica, CA 90403

1048 3rd St 101, Santa Monica, CA 90403

Sale: $2,220,000

10/9/20240.10 mi

Area:1,930 sqft
Price/sqft:$1,150
Beds:3
Baths:4
Year Built:
Weight:20.2%
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:19.4%
938 2nd St 301, Santa Monica, CA 90403

938 2nd St 301, Santa Monica, CA 90403

Sale: $1,850,000

11/25/20240.08 mi

Area:1,776 sqft
Price/sqft:$1,042
Beds:2
Baths:3
Year Built:
Weight:19.1%
421 California Ave 102, Santa Monica, CA 90403

421 California Ave 102, Santa Monica, CA 90403

Sale: $2,049,000

2/20/20250.23 mi

Area:2,110 sqft
Price/sqft:$971
Beds:3
Baths:4
Year Built:
Weight:18.9%

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