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1040 4th Street, 106, Santa Monica, CA 90403

$799K2bd · 2ba · 1,474 sqft
Lot 30,033 sqft•HOA $1001.25/mo•Condominium•
Active
•90d on market•MLS# 00-26860781

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

FeeBuilt 1990

Property Details

Land Type
Fee
Year Built
1990
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air
View
Water
Flooring
Laminate, Tile
City
Santa Monica
Zip Code
90403
County
Los Angeles
Listed byKeller Williams Hollywood Hills, Lena Samigoullina

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,040.18
Principal & Interest
Loan Amount
$639,200
Total Interest
$815,264
Total Payment Over 30 Years
$1,454,464
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

1040 4th Street, 106, Santa Monica, CA 90403

Santa Monica · Condominium

$799K
Affordable Tier
Beds
2
Baths
2
Sqft
1,474
Lot
30,033 sqft
Year
1990
$/Sqft
$542
Pool: Yes✓
View: water✓

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.

Price advantage
Subject listed at $799K· $542/sqft
Total list price
Closed comps
vs closed median $1.40M
−$596K (−42.7%)
Active comps
vs active median $999K
−$200K (−20.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $781
−$239 (−30.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1040 4th StreetSanta Monica1990221,34630,033$405$545,00016489
1532 9th StreetSanta Monica1981221,3527,506$739$999,0001683
450 San Vicente BoulevardSanta Monica1980221,28914,444$970$1.25M5083
1823 20th StreetSanta Monica1991231,3596,081$735$999,000183
2950 Neilson WaySanta Monica1980221,305134,148$1,054$1.38M281
Total: 5 · Average2.02.21,330.238,442.4$780.6$1.03M46.6
Median1,346$999,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2222 5th StreetSanta Monica199009/11/2026221,41211,231$1.40M$1.40M$9881.004492
650 Pacific StreetSanta Monica198910/09/2026231,49011,937$1.40M$1.37M$9190.9810686
930 California AvenueSanta Monica197408/21/2026221,47615,009$1.45M$1.41M$9550.975985
2930 Neilson WaySanta Monica198010/02/2026221,426134,148$1.50M$1.68M$1,1751.125283
2960 Neilson WaySanta Monica198009/24/2026221,305134,148$999,000$999,000$7661.004081
Total: 5 · Average2.02.21,421.861,294.6$1.37M$1.37M$960.6—60.2
Median1,426$1.40M$1.40M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.