420 Alta Avenue
Santa Monica, CA, 90402
$8,500,000
MLS: 26731641
Beds
5
Baths
5
Sq Ft
4,797
Lot
0.20 ac
Year Built
2003
MLS #
26731641
Days on Market
0
Listed
Apr 16, 2026
Description
Located North of Montana Avenue and West of 7th Street, this classic California Spanish by recognized architect Robert Ramirez is a special property and an extremely rare offering. Casual and comfortable, with a sophisticated flair, this 5 bedroom, 5 bath home in approximately 4,797 square feet is perfect for everyday living and entertaining. A lushly landscaped front yard welcomes you to a gracious entry. The downstairs is light and airy and includes one bedroom, a media room, an atrium gym that opens to a deck, a formal dining room, and a large kitchen and family room that opens to a spacious deck, yard, pool and spa. The upstairs includes a family room/office and four bedrooms, with the spacious primary enjoying a large, covered terrace overlooking the pool. Finely appointed and convenient to local shops and services, this presents a unique opportunity for a discriminating tenant to enjoy Southern California living in style.
Location
Santa Monica, Los Angeles County, CA 90402
Open on Google Maps ↗Listed by: Emil Alexander Schneeman · Berkshire Hathaway HomeServices California Properties
Payment estimate
$59,345
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $850,000 · Loan: $7,650,000
- Principal & Interest
- $47,003
- Property tax (1.25%)
- $8,854
- Homeowners insurance
- $300
- Mortgage insurance
- $3,188
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 $297,500 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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