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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
•44d 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 in line with the median closed sale of $7,075,000. Price per sqft ($1,350) is a 11% discount to closed comps ($1,511). Closed comps sold at 102% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $6.98M· $1,350/sqft
Total list price
Closed comps
vs closed median $7.08M
−$95K (−1.3%)
Active comps
vs active median $6.25M
+$731K (+11.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,401
−$51 (−3.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
926 Gretna GreenLos Angeles2017564,7507,884$1,547$7.35M4470
1111 Berkeley StreetSanta Monica2028674,1428,997$1,654$6.85M2368
12226 Paisley LaneLos Angeles2008565,3147,877$1,176$6.25M3267
509 Gretna Green WayLos Angeles2006564,3517,002$1,378$6.00M3065
12225 Falkirk LaneLos Angeles1941654,7877,878$1,249$5.98M1762
Total: 5 · Average5.46.04,668.87,927.6$1,400.8$6.48M29.2
Median4,750$6.25M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
859 Gretna Green WayLos Angeles200208/11/2026564,9028,510$6.50M$6.45M$1,3150.993672
981 Amherst AvenueLos Angeles201908/07/2026574,7539,222$7.25M$7.25M$1,5251.004269
415 21st StreetSanta Monica198207/06/2026574,7508,934$6.00M$6.41M$1,3501.072565
624 22nd StreetSanta Monica198911/10/2025564,3747,561$6.95M$7.21M$1,6471.044264
233 Saltair AvenueLos Angeles192912/02/2025464,11310,077$7.15M$7.08M$1,7200.994161
Total: 5 · Average4.86.44,578.48,860.8$6.88M$6.88M$1,511.4—37.2
Median4,750$7.08M$7.08M

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.