2331 4th Street, Santa Monica, CA 90405
2331 4th Street, Santa Monica, CA 90405
Property Description
Unique opportunity to acquire a former general market site and convert to an extraordinary residential property. Building has new HVAC, new roof, new slurry coat in the parking lot, remodeled bathroom, upgraded power panel. The OP2, or "Ocean Park Low Density Residential" Zoning District is intended to provide a variety of low-density housing types that reflect the distinct identity of the Ocean Park neighborhood. These types include single-unit dwellings, accessory dwelling units, junior accessory dwelling units, duplexes and triplexes, townhouses, and courtyard housing with at least 2,000 sq. ft. of parcel area per unit. In addition to low density residential development, this District provides for uses such as transitional housing or hospice facilities, family day care, and neighborhood serving uses such as childcare, neighborhood grocery stores, and community facilities that may be appropriate in a residential environment.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Santa Monica · Single Family Residence
Listed 6.8% below the median closed sale of $2,950,000. Price per sqft ($1,152) is a 18% discount to closed comps ($1,405). 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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 706 Navy Street | Santa Monica | 1908 | 3 | 3 | 2,301 | 5,556 | $1,824 | $4.20M | 21 | 84 |
| 1013 Bay Street | Santa Monica | 1926 | 3 | 2 | 2,077 | 6,493 | $1,348 | $2.80M | 9 | 84 |
| 207 Ocean Ave Ext | Santa Monica | 1921 | 2 | 2 | 2,130 | 3,769 | $1,211 | $2.58M | 120 | 78 |
| 1014 Pier Avenue | Santa Monica | 1948 | 5 | 3 | 2,210 | 4,813 | $905 | $2.00M | 45 | 77 |
| 2460 Beverley Avenue | Santa Monica | 1923 | 2 | 2 | 2,067 | 3,593 | $1,814 | $3.75M | 111 | 77 |
| Total: 5 · Average | 3.0 | 2.4 | 2,157 | 4,844.8 | $1,420.4 | $3.06M | 61.2 | |||
| Median | 2,130 | $2.80M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2725 6th Street | Santa Monica | 1923 | 08/10/2026 | 3 | 2 | 2,276 | 5,949 | $3.69M | $3.58M | $1,571 | 0.97 | 73 | 89 |
| 1019 Chelsea Avenue | Santa Monica | 1947 | 09/08/2026 | 3 | 2 | 2,148 | 6,114 | $2.98M | $3.44M | $1,601 | 1.15 | 31 | 84 |
| 219 Entrada Drive | Santa Monica | 1941 | 09/18/2026 | 3 | 2 | 1,892 | 5,544 | $2.30M | $2.15M | $1,136 | 0.94 | 125 | 83 |
| 3214 Pearl Street | Santa Monica | 1947 | 09/28/2026 | 3 | 2 | 1,963 | 5,989 | $2.79M | $2.95M | $1,503 | 1.05 | 41 | 82 |
| 1019 Pine Street | Santa Monica | 1940 | 06/15/2026 | 3 | 2 | 1,895 | 5,307 | $2.13M | $2.30M | $1,215 | 1.08 | 36 | 82 |
| Total: 5 · Average | 3.0 | 2.0 | 2,034.8 | 5,780.6 | $2.88M | $2.88M | $1,405.2 | — | 61.2 | ||||
| Median | 1,963 | $2.95M | $2.95M | ||||||||||
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.