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118 Fraser Avenue, Santa Monica, CA 90405

$3.50M4bd · 3ba · 2,816 sqft
Lot 2,364 sqft•Single Family Residence•
Active
•6d on market•MLS# 00-26998185

Property Description

Set in one of Ocean Park's most coveted coastal locations, this Classic Coastal Craftsman presents a rare opportunity to own a home with unobstructed ocean views just steps from the sand. Positioned along a picturesque beach walk street in Santa Monica's historic Ocean Park neighborhood, the property captures sweeping views of the Pacific, spectacular sunsets, and the charm of a quintessential beachside setting. Offering approximately 2,816 square feet across the main residence and detached guest house, the property features four bedrooms and three bathrooms in total. The inviting living room features original built-ins and corner windows framing views of the palm-lined coastal horizon, while the kitchen offers ample storage and connects to a conveniently situated dining area. The primary bedroom features a spacious walk-in closet and access to a private terrace overlooking the Pacific. A second expansive terrace provides additional space to enjoy the ocean air and coastal surroundings. A generous basement level offers flexible space for a home gym, office, storage, or other possibilities. Beyond the property, Ocean Park's beloved cafes, boutiques, restaurants, and historic Carnegie Library are all within easy walking distance. With its timeless architectural character and irreplaceable coastal setting, this is a rare opportunity to own a piece of Santa Monica's beachside heritage.

Features & Amenities

FeeBuilt 1905

Property Details

Land Type
Fee
Year Built
1905
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
Ocean
Flooring
Tile, Wood
City
Santa Monica
Zip Code
90405
County
Los Angeles
Listed byUnknown Office, Bjorn Farrugia

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$17,672.62
Principal & Interest
Loan Amount
$2,796,000
Total Interest
$3,566,144
Total Payment Over 30 Years
$6,362,144
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

Luxury Tier · 5 active · 5 closed

118 Fraser Avenue, Santa Monica, CA 90405

Santa Monica · Single Family Residence

$3.50M
Luxury Tier
Beds
4
Baths
3
Sqft
2,816
Lot
2,364 sqft
Year
1905
$/Sqft
$1241
Pool: No✓
Spa: No✓
View: water✓

Listed 23.2% below the median closed sale of $4,550,000. Price per sqft ($1,241) is a 28% discount to closed comps ($1,730). Closed comps sold at 104% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $3.50M· $1,241/sqft
Total list price
Closed comps
vs closed median $4.55M
−$1.05M (−23.2%)
Active comps
vs active median $4.20M
−$701K (−16.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,681
−$440 (−26.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
41 Vicente TerraceSanta Monica1923553,1863,593$1,020$3.25M2561
630 Hightree RoadSanta Monica1965332,72411,092$2,017$5.50M16155
706 Navy StreetSanta Monica1908332,3015,556$1,824$4.20M2353
249 23rd StreetSanta Monica1926432,8458,689$2,107$6.00M5550
624 Alta AvenueSanta Monica1925532,7137,212$1,436$3.90M1848
Total: 5 · Average4.03.42,753.87,228.4$1,680.8$4.57M56.4
Median2,724$4.20M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
133 Ocean Park BoulevardSanta Monica190505/29/2026332,2632,358$3.50M$3.43M$1,5150.984874
132 Wadsworth AvenueSanta Monica190805/07/2026342,5554,434$4.85M$4.55M$1,7810.9411857
2725 6th StreetSanta Monica192308/10/2026322,2765,949$3.69M$3.58M$1,5710.977351
443 16th StreetSanta Monica192709/23/2026443,0547,510$5.00M$5.61M$1,8371.123647
246 16th StreetSanta Monica192505/13/2026432,3887,498$3.85M$4.65M$1,9471.213247
Total: 5 · Average3.43.22,507.25,549.8$4.36M$4.36M$1,730.2—61.4
Median2,388$4.55M$4.55M

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.