702 Navy Street
Santa Monica, CA, 90405
$4,195,000
MLS: 26846783
Beds
3
Baths
3
Sq Ft
2,317
Lot
0.13 ac
Year Built
1956
MLS #
26846783
Days on Market
4
Listed
Jun 12, 2026
Description
**OFFER DEADLINE JUNE 23, 2026 at 6 PM** A truly rare and extraordinary offering, 702 & 706 NAVY STREET present a once-in-a-generation opportunity to acquire a premier two-parcel beach compound in the heart of Santa Monica's coveted Ocean Park neighborhood. Offered together, these two distinct properties span an impressive 5,556 square feet across separate lots, more than double the typical size of a typical Ocean Park lot. An exceptional lifestyle estate just moments from the sand.. At the center of the compound is 706 NAVY STREET ($3.195m asking |$1.378 psf) , an architecturally significant Modern Craftsman that was meticulously reimagined and expanded in 2023 with approximately $1 million in improvements. Encompassing 2,317 square feet, the residence offers three bedrooms, two-and-a-half baths, and a flexible office or fourth bedroom. Rich architectural details, bespoke finishes, spa-inspired bathrooms, and a beautifully appointed chef's kitchen create an atmosphere of understated luxury. Designed for seamless indoor-outdoor living, the home opens effortlessly to curated outdoor spaces featuring a spacious entertainers patio, built-in barbecue, outdoor shower, and a breathtaking landscaped yard anchored by a magnificent mature climbing tree and sophisticated architectural lighting that transforms the property into an enchanting evening retreat.. Complementing the main residence, 702 NAVY STREET ($1m offering) provides an expansive grassy oasis offering both tranquility and future potential. The converted 400-square-foot two-car garage and generous storage area present exciting possibilities for a guest house, creative studio, wellness space, or future ADU. The substantial lot offers ample room for outdoor recreation, entertaining, a pool, or other lifestyle amenities rarely found this close to the beach. Perfectly positioned just seven blocks from the ocean and only moments from Rose Avenue, Main Street, Farmer's Market, renowned dining, neighborhood cafes, boutique shopping, yoga studios, and beloved community gatherings, this remarkable compound embodies the very best of coastal California living.. TOGETHER, these two exceptional properties offer a rare combination of architectural significance, land, flexibility, walkability, and lifestyle creating one of Ocean Park's most compelling ownership opportunities.
Location
Santa Monica, Los Angeles County, CA 90405
Open on Google Maps ↗Listed by: Stace Valnes · Create
Payment estimate
$30,156
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $419,500 · Loan: $3,775,500
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $23,913
- Property tax (1.25%)
- $4,370
- Homeowners insurance
- $300
- Mortgage insurance
- $1,573
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $146,825 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 90405 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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