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962 Franklin Street, Santa Monica, CA 90403

$6.98M5bd · 6ba · 5,170 sqft
Lot 11,239 sqft•Single Family Residence•
Active
•25d on market•MLS# 00-26990027

Property Description

An Extraordinary Santa Monica Hilltop Offering Rare elevation. Unparalleled views. Endless possibilities. Perched at one of the highest elevations in Santa Monica, this exceptional property commands a coveted position on one of the city's rare view streets, offering breathtaking panoramas from both the front and rear of the property. Set on an approximately 11,236-square-foot lot, the existing 5,170-square-foot residence enjoys an extraordinary vantage point with sweeping views encompassing the Pacific Ocean, Century City, Downtown Los Angeles, the horizon, and surrounding mountain ranges. From luminous sunrises over the city to dramatic, colorful sunsets descending over the Pacific, the property captures an ever-changing backdrop of ocean, skyline, mountains, and sky. The rare east-to-west orientation creates remarkable views throughout the day and from multiple areas of the property. This is an exceptional opportunity to renovate and reimagine the existing residence or create an entirely new architectural estate worthy of this extraordinary setting. With its substantial lot, commanding elevation, and expansive vistas, the possibilities are truly remarkable. Properties combining this elevation, lot size, location, and panoramic ocean and city views are exceptionally rare in Santa Monica. A singular opportunity to create a world-class estate in one of Santa Monica's most desirable and irreplaceable settings.

Features & Amenities

FeeBuilt 1993

Property Details

Land Type
Fee
Year Built
1993
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
Catalina, City Lights, Courtyard, Golf Course, Hills, Landmark, Mountain(s), Ocean, Panoramic
Roof
Concrete
City
Santa Monica
Zip Code
90403
County
Los Angeles
Listed bySotheby's International Realty, Cindy Leight

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$35,294.68
Principal & Interest
Loan Amount
$5,584,000
Total Interest
$7,122,084
Total Payment Over 30 Years
$12,706,084
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

962 Franklin Street, Santa Monica, CA 90403

Santa Monica · Single Family Residence

$6.98M
Luxury Tier
Beds
5
Baths
6
Sqft
5,170
Lot
11,239 sqft
Year
1993
$/Sqft
$1350
Pool: Yes✓
Spa: Yes✓
View: golf✓

Listed 12.7% below the median closed sale of $7,999,999. Price per sqft ($1,350) is a 16% discount to closed comps ($1,608). 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 $6.98M· $1,350/sqft
Total list price
Closed comps
vs closed median $8.00M
−$1.02M (−12.7%)
Active comps
vs active median $8.00M
−$1.01M (−12.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,649
−$299 (−18.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
223 24th StreetSanta Monica1997555,1298,702$1,617$8.29M1467
371 20th StreetSanta Monica2018565,0188,951$1,843$9.25M2067
402 11th StreetSanta Monica1988564,9457,512$1,516$7.50M5966
370 25th StreetSanta Monica—464,7728,721$1,675$8.00M3165
714 Euclid StreetSanta Monica2017564,7007,523$1,595$7.50M3363
Total: 5 · Average4.85.84,912.88,281.8$1,649.2$8.11M31.4
Median4,945$8.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
734 18th StreetSanta Monica201910/05/2026565,2008,940$9.99M$9.36M$1,8010.942668
703 25th StreetSanta Monica193606/05/2026565,2268,672$8.70M$8.97M$1,7171.032866
415 21st StreetSanta Monica198207/06/2026574,7508,934$6.00M$6.41M$1,3501.072465
420 Alta AvenueSanta Monica200306/26/2026554,7978,764$8.50M$7.00M$1,4590.827065
523 9th StreetSanta Monica198808/03/2026554,6647,501$8.00M$8.00M$1,7151.006662
Total: 5 · Average5.05.84,927.48,562.2$7.95M$7.95M$1,608.4—42.8
Median4,797$8.00M$8.00M

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.