2704 3rd Street
Santa Monica, CA, 90405
$2,995,000
MLS: 26669881
Beds
4
Baths
2
Sq Ft
1,480
Lot
0.15 ac
Year Built
1910
MLS #
26669881
Days on Market
8
Listed
Mar 27, 2026
Description
**Designer Beach Cottage with Income Potential in Ocean Park**. Experience the essence of coastal California living in this beautifully reimagined designer beach cottage, ideally situated in the heart of Santa Monica's coveted Ocean Park neighborhood. Thoughtfully renovated from head to toe, this timeless Craftsman bungalow blends classic architectural charm with elevated modern finishes, creating a home that is both refined and effortlessly livable. A heated front porch, framed by swaying palms, welcomes you in and sets the tone for relaxed indoor-outdoor living, perfect for morning coffee or evening unwinding while enjoying the vibrant yet laid-back energy of the neighborhood. Inside, the home is filled with curated details and thoughtful upgrades, including keyless entry, Nest climate control and security systems, and Sonos speakers seamlessly integrated throughout.The kitchen and living spaces are appointed with high-end finishes, including a Miele dishwasher, designer furnishings, full-house water filtration with purified drinking water, and spa-like bathrooms with luxury pressure shower systems. Every element has been carefully selected to enhance both comfort and style. Outdoor living is equally inviting, with a private backyard barbecue area and access to a shared community entertaining space ideal for hosting or simply enjoying the coastal air. The property also includes two off-street parking spaces with an EV charger, a rare convenience this close to the beach. Just moments from Ocean Park's beloved beach, parks, and the vibrant shops and cafes along Main Street, this location offers the ultimate blend of lifestyle and accessibility. Whether you're seeking a primary residence, a weekend retreat, or a compelling income-producing investment, this home offers exceptional versatility. Part of a rare four-residence coastal enclave, this offering presents a unique Tenancy-in-Common (TIC) ownership opportunity, combining the intimacy of a small community with the benefits of coastal investment in one of Santa Monica's most desirable neighborhoods. The seller is open to offering the home fully furnished.
Location
Santa Monica, Los Angeles County, CA 90405
Open on Google Maps ↗Listed by: Nancy Osborne · Compass
Payment estimate
$21,105
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $299,500 · Loan: $2,695,500
- Principal & Interest
- $16,562
- Property tax (1.25%)
- $3,120
- Homeowners insurance
- $300
- Mortgage insurance
- $1,123
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 $104,825 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.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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