
1040 4th Street, 106, Santa Monica, CA 90403
1040 4th Street, 106, Santa Monica, CA 90403
Property Description
Experience the best of Santa Monica living in this spacious single-level 2-bedroom, 2-bathroom condominium offering 1,474 square feet at the prestigious Dorchester House, a well-maintained building built in 1990. This bright, front-facing residence enjoys abundant natural light, with all main windows overlooking a beautiful tree-lined street. Designed for comfortable everyday living and effortless entertaining, the open-concept floor plan features a kitchen that opens to a spacious living room and dining area, creating an inviting space for gatherings. The expansive primary suite offers a large walk-in closet and a luxurious en-suite bathroom complete with a soaking tub, separate shower, and dual vanities. The generously sized second bedroom also features a walk-in closet. Additional highlights include abundant storage with plenty of closets throughout, laminate and tile flooring, central air and heat, and an in-unit laundry closet with an LG washer and dryer. The home includes two gated, secure side-by-side parking spaces equipped with an EV charging outlet. Ideally located in the highly acclaimed Santa Monica-Malibu Unified School District, this exceptional residence is just moments from Montana Avenue, the Third Street Promenade, Palisades Park, and Santa Monica State Beach. Enjoy world-class dining, shopping, entertainment, parks, convenient public transportation, and close proximity to the California Incline, providing easy access to the beach, oceanfront boardwalk, and scenic bike path. This is North of Wilshire beach-city living at its finest. Deed restriction applies. Please contact the listing agent for details.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Santa Monica · Condominium
Listed 42.7% below the median closed sale of $1,395,000. Price per sqft ($542) is a 44% discount to closed comps ($961). Closed comps sold at 101% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1040 4th Street | Santa Monica | 1990 | 2 | 2 | 1,346 | 30,033 | $405 | $545,000 | 164 | 89 |
| 1532 9th Street | Santa Monica | 1981 | 2 | 2 | 1,352 | 7,506 | $739 | $999,000 | 16 | 83 |
| 450 San Vicente Boulevard | Santa Monica | 1980 | 2 | 2 | 1,289 | 14,444 | $970 | $1.25M | 50 | 83 |
| 1823 20th Street | Santa Monica | 1991 | 2 | 3 | 1,359 | 6,081 | $735 | $999,000 | 1 | 83 |
| 2950 Neilson Way | Santa Monica | 1980 | 2 | 2 | 1,305 | 134,148 | $1,054 | $1.38M | 2 | 81 |
| Total: 5 · Average | 2.0 | 2.2 | 1,330.2 | 38,442.4 | $780.6 | $1.03M | 46.6 | |||
| Median | 1,346 | $999,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2222 5th Street | Santa Monica | 1990 | 09/11/2026 | 2 | 2 | 1,412 | 11,231 | $1.40M | $1.40M | $988 | 1.00 | 44 | 92 |
| 650 Pacific Street | Santa Monica | 1989 | 10/09/2026 | 2 | 3 | 1,490 | 11,937 | $1.40M | $1.37M | $919 | 0.98 | 106 | 86 |
| 930 California Avenue | Santa Monica | 1974 | 08/21/2026 | 2 | 2 | 1,476 | 15,009 | $1.45M | $1.41M | $955 | 0.97 | 59 | 85 |
| 2930 Neilson Way | Santa Monica | 1980 | 10/02/2026 | 2 | 2 | 1,426 | 134,148 | $1.50M | $1.68M | $1,175 | 1.12 | 52 | 83 |
| 2960 Neilson Way | Santa Monica | 1980 | 09/24/2026 | 2 | 2 | 1,305 | 134,148 | $999,000 | $999,000 | $766 | 1.00 | 40 | 81 |
| Total: 5 · Average | 2.0 | 2.2 | 1,421.8 | 61,294.6 | $1.37M | $1.37M | $960.6 | — | 60.2 | ||||
| Median | 1,426 | $1.40M | $1.40M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.