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2851 Delaware Avenue, Santa Monica, CA 90404

$2.5M13bd · 8ba · 3,065 sqft
Lot 6,497 sqft•Single Family Residence•
Active
•82d on market•MLS# AR-26162374

Property Description

Location location location! with desirable corner lot of a tree lined street, this spacious home was once hosted for college students. Downstairs you will find 7 bedrooms, 4 bathrooms, kitchen, laundry area. Upstairs you will find 4 bedrooms, 3 bathrooms, a 2nd dining room, living room and another kitchenette and laundry. The upstairs living area is also accessible via a separate exterior entrance. Other features include a custom tiled fireplace in the front living room, a large backyard accessible via French Doors from the rear entrance as well as a detached garage ADU that's a 2 bedrooms and 1 bathroom. With plenty of storage space that is accessible from the side street. This home is ideally suited for a large family or a group home setting that would benefit from the additional living areas and bedrooms. Buyers use your imagination at the different possibilities of this unique home. This is a wonderful value, at a very competitive price per square foot, for a spacious 13 bedrooms and 8 bathrooms Santa Monica home.

Features & Amenities

FeeBuilt 1938

Property Details

Land Type
Fee
Year Built
1938
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
Central Air
View
None
City
Santa Monica
Zip Code
90404
County
Los Angeles
Listed byLPT Realty, Inc., Samuel Chao

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$12,641.36
Principal & Interest
Loan Amount
$2,000,000
Total Interest
$2,550,890
Total Payment Over 30 Years
$4,550,890
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

2851 Delaware Avenue, Santa Monica, CA 90404

Santa Monica · Single Family Residence

$2.5M
Luxury Tier
Beds
13
Baths
8
Sqft
3,065
Lot
6,497 sqft
Year
1938
$/Sqft
$816
Pool: No✓
View: None✓
Garage: 2-car✓

Listed 42.5% below the median closed sale of $4,350,000. Price per sqft ($816) is a 40% discount to closed comps ($1,368). Closed comps sold at 108% 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 $2.50M· $816/sqft
Total list price
Closed comps
vs closed median $4.35M
−$1.85M (−42.5%)
Active comps
vs active median $6.89M
−$4.39M (−63.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,908
−$1K (−57.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
354 Entrada DriveSanta Monica2027463,0146,002$1,856$5.59M6478
527 7th StreetSanta Monica2015443,1367,498$2,231$7.00M8372
363 22nd StreetSanta Monica1946563,7237,565$1,852$6.89M1271
2202 California AvenueSanta Monica2026552,7955,301$1,664$4.65M9069
538 14th StreetSanta Monica1924643,6917,499$1,937$7.15M4369
Total: 5 · Average4.85.03,271.86,773$1,908$6.26M58.4
Median3,136$6.89M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
443 16th StreetSanta Monica192709/23/2026443,0547,510$5.00M$5.61M$1,8371.123676
1724 Pine StreetSanta Monica201608/04/2026453,3246,500$4.35M$4.87M$1,4651.123575
3316 Pearl StreetSanta Monica194607/05/2026642,7645,974$3.00M$3.35M$1,2121.123875
419 Hillside LaneSanta Monica198305/15/2026332,9636,155$3.50M$3.21M$1,0850.926475
1024 25th StreetSanta Monica194605/20/2026453,5046,109$3.95M$4.35M$1,2411.103174
Total: 5 · Average4.24.23,121.86,449.6$4.28M$4.28M$1,368—40.8
Median3,054$4.35M$4.35M

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.