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507 W Rustic Rd, Santa Monica, CA 90402

$3.77M3bd · 3ba · 2,176 sqft
Lot 13,748 sqft•Single Family Residence•
Active
•169d on market•MLS# 8P-2603811

Property Description

Opportunities like this simply don't come along in Santa Monica Canyon. Tucked along Rustic Canyon Creek on a quiet, tree-lined street, this traditional two-story residence sits on an expansive 13,748-square-foot sloped canyon lot in one of the most coveted and rarely available pockets of 90402. Properties at this scale, on this street, in this neighborhood do not reach the open market often and when they do, they don't last. The home is being sold in as-is condition and needs work which is precisely the opportunity. The 3-bedroom, 2.5-bath layout offers solid bones: soaring entry ceilings, original wood floors, dual fireplaces, a primary suite with private balcony, French doors opening to the backyard, and an oversized two-car garage with direct access. What it needs is a buyer with vision. The sloped lot is the canvas. Terraced gardens, a hillside pool, cantilevered outdoor living decks, a fully reimagined luxury estate, the topography here invites the kind of architectural drama that flat lots simply can't deliver. Bring your architect, your designer, and your imagination. Minutes from Canyon Charter Elementary, from the beach, Santa Monica Stairs, premier dining, and the 3rd Street Promenade. Surrounded by nature, connected to everything. This is your chance to secure an irreplaceable address in the heart of "The Canyon" and tailor this exceptional residence to reflect your personal vision and lifestyle.

Features & Amenities

FeeBuilt 1973

Property Details

Land Type
Fee
Year Built
1973
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
None
View
Creek/Stream, Trees/Woods
City
Santa Monica
Zip Code
90402
County
Los Angeles
Listed byColdwell Banker Realty, Rene Hernandez

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$19,088.45
Principal & Interest
Loan Amount
$3,020,000
Total Interest
$3,851,844
Total Payment Over 30 Years
$6,871,844
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

507 W Rustic Rd, Santa Monica, CA 90402

Santa Monica · Single Family Residence

$3.77M
Luxury Tier
Beds
3
Baths
3
Sqft
2,176
Lot
13,748 sqft
Year
1973
$/Sqft
$1735
Pool: No✓
Spa: No✓
View: Creek/Stream, Trees/Woods✓
Garage: 2-car✓

Listed 5.7% above the median closed sale of $3,573,000. Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $3.77M· $1,735/sqft
Total list price
Closed comps
vs closed median $3.57M
+$202K (+5.7%)
Active comps
vs active median $3.79M
−$20K (−0.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,810
−$75 (−4.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
415 Rustic RoadSanta Monica1947331,9506,473$1,859$3.63M5378
533 Lincoln BoulevardSanta Monica1924331,9477,511$2,052$4.00M3178
454 Stassi LaneSanta Monica1959332,6008,244$1,460$3.79M3770
605 Erskine DrivePacific Palisades2026543,0974,587$1,387$4.29M4455
853 22nd StreetSanta Monica1923331,5637,992$2,294$3.58M6553
Total: 5 · Average3.43.22,231.46,961.4$1,810.4$3.86M46
Median1,950$3.79M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
423 SycamoreSanta Monica192406/01/2026342,4316,385$3.49M$3.34M$1,3760.963582
671 San Lorenzo StreetSanta Monica196212/08/2025342,47312,013$5.00M$4.27M$1,7250.8520378
1015 San Vicente BoulevardSanta Monica195005/27/2026332,33210,081$3.85M$3.85M$1,6511.003077
558 Stassi LaneSanta Monica194709/15/2026221,63313,138$3.60M$3.57M$2,1880.995977
419 Hillside LaneSanta Monica198305/15/2026332,9636,155$3.50M$3.21M$1,0850.926573
Total: 5 · Average2.83.22,366.49,554.4$3.65M$3.65M$1,605—78.4
Median2,431$3.57M$3.57M

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.