425 Hillside Lane
Santa Monica, CA, 90402
$1,500,000
MLS: 26662503
Beds
2
Baths
3
Sq Ft
1,343
Lot
0.10 ac
Year Built
1924
MLS #
26662503
Days on Market
41
Listed
Mar 11, 2026
Description
Major Fixer/Teardown opportunity! Sold for land value. Please review attached floorplans (house itself has 1 bedroom) Santa Monica Canyon coastal cottage with exceptional potential. A rare chance to revive an authentic 1924 coastal cottage in the heart of Santa Monica Canyon. This beloved home sits on a lush, terraced lot surrounded by mature greenery and the natural beauty that defines this storied enclave. The property retains the character and intimacy that make early Canyon homes so sought after, offering a canvas for a thoughtful restoration or a complete reimagining. Originally built as a weekend retreat, the residence reflects the craftsmanship and spirit of its era. Warm wood details, classic cottage quirky proportions and sunlit indoor and outdoor spaces create an inviting foundation for a buyer who values history and architectural charm. The gardens and patios offer multiple areas for outdoor living and the potential to create a private retreat moment from the coast. The location is exceptional, just minutes from the beach, Palisades Village, Rustic Canyon Park and the celebrated dining and creative energy of Santa Monica Canyon. Opportunities to restore a true Canyon original are increasingly rare. This property offers the chance to bring new life to a home with a remarkable past in one of the most coveted neighborhoods on the Westside.
Location
Santa Monica, Los Angeles County, CA 90402
Open on Google Maps ↗Listed by: Enzo Ricciardelli · Sotheby's International Realty
Payment estimate
$10,720
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $150,000 · Loan: $1,350,000
- Principal & Interest
- $8,295
- Property tax (1.25%)
- $1,563
- Homeowners insurance
- $300
- Mortgage insurance
- $563
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 $52,500 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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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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