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Kit Jin

kit@jinshomegroup.com +1(949) 688-3629

$ 749,000

Est. payment | -/mo

2 Beds

2 Baths

992 SqFt

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$ 749,000

Est. payment | -/mo

Save Virtual Tour

2 Beds

2 Baths

992 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 992 sqft

Price per Sqft $755

MLS Listing ID 26638989

Bedrooms 2

Full Baths 2

Construction Status Updated/Remodeled

HOA Fees $719/mo

HOA Y/N Yes

Year Built 1964

Lot Size 7,496 Sqft

Property Sub-Type Condominium

Property Description

Come take a look at one of the last five deals available before this building unlocks its full value. Offered at $749,000, this Santa Monica condo is priced for today's non-warrantable financing. The trust that owns it is selling five units to individual owners. As each one closes, the building moves toward conventional financing eligibility. A much larger buyer pool can then finance here, and we estimate values could rise 15-30% as that happens. Buy now, ahead of the shift, whether you plan to live here or rent it. This is the one we're selling first, and there's more to come. Inquire about the other units, and ask about the other remaining units that will be sold when you tour. Enjoy Montana Avenue mornings, beach afternoons and sunsets at Palisades Parkthis is the Santa Monica lifestyle you've been looking for. Ideally located north of Wilshire, this inviting 2-bedroom, 2-bath condo offers approximately 1,000 square feet of living space and puts Montana Avenue's boutiques and cafs, Third Street Promenade's shopping and dining, and the beach within easy reach.Unit 2B is a north-facing corner unit on the quiet side of the complex, with limited shared walls for added privacy. Inside, an expansive living room opens through oversized sliding glass doors to a wide, covered private balcony with leafy neighborhood views. Light wood-look flooring and crisp white walls create an airy backdrop, while a separate dining area offers room to gather. The kitchen features white cabinetry, light countertops, a stainless steel refrigerator and gas range, and a window above the sink that brings in natural light. Both bedrooms feature generous closets, and the bathrooms offer white vanities and glass-enclosed bathing areas with subway tile.A building in excellent condition. This intimate 12 unit building offers elevator access, underground parking, shared laundry and bicycle storage. The HOA has done an impeccable job: the building was recently repainted and updated throughout, and it has been consistently maintained rather than deferred. Reserves are reported above 58% funded, with ongoing reserve contributions exceeding 15% of budgeted assessments, which is ahead of the higher reserve standard lenders begin applying in 2027. The building is in great shape. What remains is completing these sales to unlock its full value. Cash or non-warrantable financing only at present. Building is not currently Fannie Mae/Freddie Mac warrantable. The 15-30% figure is the listing broker's estimate; future eligibility, timing and appreciation are not guaranteed. Buyer and buyer's lender to independently verify financing eligibility prior to close. See private remarks for all showing requests.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Interior Features Ceiling Fan(s), Separate/Formal Dining Room, See Remarks, Walk-In Closet(s)

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Common Area

Exterior

Parking Features Controlled Entrance, Underground, Garage, Garage Door Opener, Community Structure

Pool None

Community Features Gated

Amenities Available Controlled Access, Insurance, Trash, Water

View Y/N Yes

View City Lights, Trees/Woods

Porch Front Porch, Open, Patio, See Remarks

Total Parking Spaces 1

Private Pool No

Building

Faces North

Story 3

Entry Level One

Architectural Style Contemporary

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Pets Allowed Call

Senior Community No

Tax ID 4281035059

Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,Gated Community,Key Card Entry,Smoke Detector(s)

Special Listing Condition Standard

Pets Allowed Call

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Listed by Brian Maser The Condo Experts #01340306

NEARBY SCHOOLS & PROPERTIES

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(949) 688-3629

kit@jinshomegroup.com

20 Corporate Park # 175, Irvine, CA 92606, United States

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1101 Lincoln BLVD #5 Santa Monica, CA 90403