1040 4th Street, 106, Santa Monica, CA 90403
1040 4th Street, 106, Santa Monica, CA 90403
Property Description
Experience the best of Santa Monica living in this spacious, single-level 2-bedroom, 2-bathroom residence at the prestigious Dorchester House. Offering 1,474 square feet of comfortable living space, this well-maintained building, built in 1990, is ideally situated just four blocks from the beach. The bright, front-facing condominium enjoys abundant natural light, with all windows overlooking a beautiful, tree-lined street. Designed for comfortable everyday living and effortless entertaining, the open-concept floor plan features a well-appointed kitchen that flows seamlessly into the spacious living and dining areas, creating an inviting setting for relaxing and gathering. The expansive primary suite offers a private retreat with two spacious walk-in closets and an en-suite bathroom featuring a soaking tub, a large walk-in shower, and dual vanities. The generously sized second bedroom also features a large walk-in closet, providing excellent storage and flexibility for guests or a home office. Additional highlights include abundant storage throughout, laminate and tile flooring, central air conditioning and heating, and an in-unit laundry closet with an LG washer and dryer. Two secure, gated, side-by-side parking spaces are included, along with an EV charging outlet for added convenience. Ideally located in the highly acclaimed Santa Monica-Malibu Unified School District, this exceptional residence is moments from Montana Avenue, the Third Street Promenade, Palisades Park, and Santa Monica State Beach. Enjoy easy access to world-class dining, boutique shopping, entertainment, parks, public transportation, and the nearby California Incline, connecting you to the beach, oceanfront walking paths, and scenic bike trails.A great buy-and-hold investment opportunity in a prime Santa Monica location, this spacious condominium offers enduring appeal in a highly desirable coastal community. With its generous living space, convenient amenities, and proximity to the beach and premier local destinations, this North of Wilshire residence presents an attractive long-term real estate investment. Deed restrictions apply. SELLER FINANCING AVAILABLE! Please contact the listing agent for details.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Santa Monica · Condominium
Listed 5.6% below the median closed sale of $793,500. Price per sqft ($508) is a 39% discount to closed comps ($833).
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1024 5th Street | Santa Monica | 1969 | 2 | 2 | 945 | 7,513 | $884 | $835,000 | 75 | 76 |
| 630 Idaho Avenue | Santa Monica | 1973 | 1 | 1 | 874 | 14,997 | $800 | $699,000 | 76 | 69 |
| 1021 5th Street | Santa Monica | 1971 | 1 | 1 | 728 | 15,015 | $1,030 | $749,500 | 51 | 69 |
| 914 Lincoln Boulevard | Santa Monica | 1974 | 1 | 1 | 724 | 15,000 | $924 | $669,000 | 53 | 67 |
| 937 5th Street | Santa Monica | 1960 | 1 | 1 | 631 | 7,511 | $1,030 | $650,000 | 38 | 63 |
| Total: 5 · Average | 1.2 | 1.2 | 780.4 | 12,007.2 | $933.6 | $720,500 | 58.6 | |||
| Median | 728 | $699,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1024 5th Street | Santa Monica | 1969 | 07/31/2026 | 2 | 2 | 945 | 7,513 | $992,500 | $852,600 | $902 | 0.86 | 96 | 76 |
| 1024 5th | Santa Monica | 1969 | 07/21/2026 | 2 | 2 | 953 | 7,513 | $793,500 | $793,500 | $833 | 1.00 | 40 | 74 |
| 1101 Lincoln Boulevard | Santa Monica | 1964 | 08/28/2026 | 2 | 2 | 1,012 | 7,496 | $749,000 | $749,000 | $740 | 1.00 | 1 | 73 |
| 521 Montana Avenue | Santa Monica | 1969 | 06/26/2026 | 1 | 1 | 930 | 30,007 | $750,000 | $750,000 | $806 | 1.00 | 50 | 72 |
| 521 Montana Avenue | Santa Monica | 1969 | 09/02/2026 | 1 | 1 | 930 | 29,999 | $849,000 | $822,000 | $884 | 0.97 | 55 | 71 |
| Total: 5 · Average | 1.6 | 1.6 | 954 | 16,505.6 | $793,420 | $793,420 | $833 | — | 48.4 | ||||
| Median | 945 | $793,500 | $793,500 | ||||||||||
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.