Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Under ContractSingleFamilyResidence

1029 Yale Street

Santa Monica, CA, 90403

1 / 5View all 5 photos

$6,195,000

MLS: 25490491

Beds

6

Baths

6

Sq Ft

4,254

Lot

0.15 ac

Year Built

2025

MLS #

25490491

Days on Market

0

Listed

Apr 15, 2025

Description

Slated for completion in January 2026, this stunning 4,254 sq. ft. traditional-style residence is situated on a 6,400 sq. ft. lot in the highly desirable College Streets neighborhood of Santa Monica. The main house will feature a modern open-concept layout, perfectly suited for family living and entertaining. With 5 bedrooms, a dedicated office, and seamless indoor-outdoor flow, every space is thoughtfully designed for comfort and functionality. The detached guest house (ADU) adds even more versatility, offering private accommodations for guests, extended family, or a home office.Crafted with meticulous attention to detail and high-end finishes, this home promises to deliver state-of-the-art amenities in a warm, inviting atmosphere. A rare and exciting opportunity awaits to step in mid-construction and collaborate with the builder to design a home uniquely tailored to your lifestyle. Ideally located just moments from Montana Avenue's vibrant shops and Erewhon, this is your chance to secure a one-of-a-kind property in one of Santa Monica's most coveted neighborhoods. Don't miss this opportunity to make your dream home a reality!

Location

Santa Monica, Los Angeles County, CA 90403

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Listed by: Josh Picker · Douglas Elliman of California, Inc.

Payment estimate

$43,333

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $619,500 · Loan: $5,575,500

%
Principal & Interest
$34,257
Property tax (1.25%)
$6,453
Homeowners insurance
$300
Mortgage insurance
$2,323
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $216,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Santa Monica, CA 90403 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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