OFF MARKET

Off market mar 2022 for $6.2M

—

Est. refi paymentEst. refi $21,693/mo

•

11 ba

•

4,780

sq ft

1401 Palisades Beach Rd, Santa Monica, CA 90401

About this home

1401 Palisades Beach Rd is located on the sand of Santa Monica Beach. Offering investors a once-in-a-lifetime opportunity to reposition a 11-unit building with an attractive unit mix. Steps from world famous Santa Monica Pier, 3rd Street Promenade and Montana Avenue. The property has 1920s charm with modern updates, hardwood flooring, lots of natural light and breathtaking ocean views. The large beach front patio has a fully functioning kitchen including Viking grill and stainless steel appliances. Only blocks from bustling Santa Monica Blvd and the Pacific Ocean, this desirable location earns a Walk Score of 91. Tenants can enjoy the amenities of Third Street Promenade boutique shops, dining and nightlife. 15 minute walk to the new Santa Monica Expo, allowing access to areas all over LA County. With it's convenient Westside location Santa Monica is hub for world-class tech, e-commerce, media & entertainment companies. Delivered vacant with 22 parking spaces.

Multi-familyProperty Type

1912Year Built

4,763 sq ftLot Size

$1,308Price/Sq.Ft.

Listed by Kimberly Roberts Stepp •DRE #01251767 • Stepp Commercial

•310-702-0400 (agent)

•krstepp@steppcommercial.com (agent)

Bought with Jason Vogel •DRE #01815890 • Jason Vogel, Broker

Redfin checked: 2 minutes ago

•Source:TheMLS #21-685982

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 90401, CA

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

92.3%

+3.6% MoM

Median sale price

$1.0M

$165K MoM

Avg. days on market

158d

46 days MoM

Recently sold homes

1 MoM

New listings for sale

VIDEO TOUR
$1,495,000
2 beds2 baths1,370 sq ft
1705 Ocean Ave #209, Santa Monica, CA 90401
$2,299,000
2 beds2 baths1,660 sq ft
1705 Ocean Ave #307, Santa Monica, CA 90401
See all

Provided by Redfin

Sale history for 1401 Palisades Beach Rd

Date

Event

Price

TheMLS #21-685982

Mar 3, 2022

Sold

$6,250,000

$1,308/sq ft

Sep 7, 2021

Pending

—

Feb 1, 2021

Listed

$7,250,000

$1,517/sq ft

TheMLS #13-701759

Jun 5, 2014

Sold

$5,300,000

$1,109/sq ft

Feb 25, 2014

Pending

—

Sep 6, 2013

Listed

$5,500,000

$1,151/sq ft

Sitting along the Santa Monica boardwalk, right on the sand with head-on ocean views and breezes high-lit by the world famous Santa Monica Pier, this property consist of two building: the beach side house is approximately 2860 sf and houses 8 units - this structure is landmarked. The other house which is NOT landmarked is approximately 1920 sf and has 3 units including a 4 bd, 2 story unit. There is a restaurant-quality outdoor kitchen on the beach side where dining tables and chaise lounges keep guests comfortable and entertained. There is a spa and entertainment area along the side of the property as well as a private sun deck on the breezeway between the two structures. There is also a laundry room. This property may be converted into a SFR (there are plans done for a 5Ksf home). The property will be delivered vacant, it is currently being used as a personal residence. One unit may not be legal, buyer to verify.

Public Records

Sep 29, 2005

Sold

$3,300,000

$690/sq ft

SDMLS #301703652

Feb 14, 2005

Listing Removed

—

Mar 16, 2004

Listed

$3,550,000

$743/sq ft

Public Records

Nov 27, 2002

Sold

$1,760,000

$368/sq ft

Public Records

Apr 1, 1991

Sold

$850,000

$178/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$81,186 (+6.6%)

$4,735,640 + $2,029,560

$6,765,200

2024

$76,181 (+1.6%)

$4,642,785 + $1,989,765

$6,632,550

2023

$74,970 (−1.2%)

$4,551,750 + $1,950,750

$6,502,500

2022

$75,900 (+6.5%)

$4,462,500 + $1,912,500

$6,375,000

2021

$71,240 (+0.7%)

$5,355,000 + $1,020,000

$6,375,000

2020

$70,764 (+1.0%)

$4,869,783 + $1,132,505

$6,002,288

2019

$70,083 (+6.3%)

$4,819,850 + $1,120,893

$5,940,743

2018

$65,957 (+0.4%)

$4,725,344 + $1,098,915

$5,824,259

2017

$65,665 (+3.3%)

$4,541,854 + $1,056,244

$5,598,098

2016

$63,584 (+1.3%)

$4,541,854 + $1,056,244

$5,598,098

2015

$62,776 (+28.7%)

$4,452,799 + $1,035,534

$5,488,333

2014

$48,777 (+2.9%)

$3,278,809 + $874,347

$4,153,156

2012

$47,381 (+2.2%)

$3,263,991 + $870,396

$4,134,387

2011

$46,367 (+0.3%)

$3,199,992 + $853,330

$4,053,322

2010

$46,251 (+2.2%)

$3,137,248 + $836,599

$3,973,847

2009

$45,242 (+2.3%)

$3,113,802 + $830,347

$3,944,149

2008

$44,206

$3,121,200 + $832,320

$3,953,520

Tax history for 1401 Palisades Beach Rd

Year

Property tax

Land + Additions

Assessment*

2025

$81,186 (+6.6%)

$4,735,640 + $2,029,560

$6,765,200

2024

$76,181 (+1.6%)

$4,642,785 + $1,989,765

$6,632,550

2023

$74,970 (−1.2%)

$4,551,750 + $1,950,750

$6,502,500

2022

$75,900 (+6.5%)

$4,462,500 + $1,912,500

$6,375,000

2021

$71,240 (+0.7%)

$5,355,000 + $1,020,000

$6,375,000

2020

$70,764 (+1.0%)

$4,869,783 + $1,132,505

$6,002,288

2019

$70,083 (+6.3%)

$4,819,850 + $1,120,893

$5,940,743

2018

$65,957 (+0.4%)

$4,725,344 + $1,098,915

$5,824,259

2017

$65,665 (+3.3%)

$4,541,854 + $1,056,244

$5,598,098

2016

$63,584 (+1.3%)

$4,541,854 + $1,056,244

$5,598,098

2015

$62,776 (+28.7%)

$4,452,799 + $1,035,534

$5,488,333

2014

$48,777 (+2.9%)

$3,278,809 + $874,347

$4,153,156

2012

$47,381 (+2.2%)

$3,263,991 + $870,396

$4,134,387

2011

$46,367 (+0.3%)

$3,199,992 + $853,330

$4,053,322

2010

$46,251 (+2.2%)

$3,137,248 + $836,599

$3,973,847

2009

$45,242 (+2.3%)

$3,113,802 + $830,347

$3,944,149

2008

$44,206

$3,121,200 + $832,320

$3,953,520

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

4,675 Sq. Ft.

Year renovated

1950

Sq. Ft.

1,920

Year built

1912

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

4291031008

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 8, 2026.

BCH

Low Density Residential District

This Zoning District is intended to provide areas for a variety of low-density housing types. These include single-unit housing, duplexes, triplexes, low-scale multi-unit housing, townhouses, and courtyard housing with at least one unit for each 2,000 square ft of parcel area, exclusive of State density bonus. Accessory dwelling units and junior accessory dwelling units are also permitted. In addition to low density residential development, this District provides for uses such as transitional housing or hospice facilities, family day care, and neighborhood serving uses such as childcare, neighborhood grocery stores, and community facilities that may be appropriate in a residential environment.

Zone overlays

Beach Overlay District

Permitted uses

Include but are not limited to:

Garden center
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Recreation
Transportation-Other
Park & open space

Jul 25, 2025 • Final

Residential building

Remove and replace sinks in the kitchens of multiple residential units. In the bathrooms, remove and replace the sinks, toilets, showers, and exhaust fans. The bathtub in the master bathroom of one unit will remain.

Bathroom

Kitchen

Remodel

May 29, 2025 • Final

Commercial building

Install new shingles on the front building.

Remodel

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Garage
None

Interior

Heating & Cooling
No Cooling
No Heat

Multi-Unit Income
Gross Income: 426000
Gross Operating Income: $427,800
Net Operating Income: $281,965

Multi-Unit Expenses
Total Annual Expense: $128,723

Multi-Unit Other Financial Information
Gross Rent Multiplier: 16.95
Vacancy Rate: 100
Scheduled Actual: Scheduled

Multi-Unit Information
Unit Type Type: 1, 2, 3
Type Of Units: Apartments
# of Buildings: 2

Unit 1 Information
# of Beds: 4
# of Baths: 1.00
Rent: $6,000
Projected Rent: $6,000
Actual Rent: $6,000
# of Units: 1

Unit 2 Information
# of Beds: 1
# of Baths: 1.00
Rent: $3,400
Projected Rent: $17,000
Actual Rent: $17,000
# of Units: 5

Unit 3 Information
# of Beds: 0
# of Baths: 1.00
Rent: $2,500
Projected Rent: $12,500
Actual Rent: $12,500
# of Units: 5

Exterior

Building Information
Total Floors: 2
Security Features: Gated, Card/Code Access

Pool Information
Hot Tub

Property Information
Property Type: Residential Income

Land Information
Other Structures: None

Lot Information
Lot Size (Sq. Ft.): 4,763
Lot Size (Acres): 0.1094
Zoning: SMR2B*

Financial

Assessment Information
Assessed Total Value: $5,598,098
Assessed Land Value: $4,541,854
Assessed Land %: 81.13
Assessed Improvement Value: $1,056,244
Assessed Improvement %: 18.87
Assessor Parcel Number: 4291-031-008

Location

Community Information
# of Units in Complex (Total): 11

Location Information
Directions: South on PCH

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 1,920
Stories: —
Lot Size: 4,675 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1912
Year Renovated: 1950
County: Los Angeles County
APN: 4291031008

Home facts updated by county records on Oct 8, 2026

Other

Documents & Disclosures
Disclosures: None

Around this home

Schools

Roosevelt Elementary School

Public K-5 • Assigned • 1.1mi

9/10

Lincoln Middle School

Public 6-8 • Assigned • 1.2mi

8/10

Santa Monica High School

Public 9-12 • Assigned • 0.7mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 80° expected this year, 20 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Santa Monica, CA • 90401

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 6.6 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

6.6 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 90401

VIDEO TOUR

$1,495,000

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1705 Ocean Ave #209, Santa Monica, CA 90401

$2,299,000

2 beds2 baths1,660 sq ft

1705 Ocean Ave #307, Santa Monica, CA 90401

Home values near 1401 Palisades Beach Rd

Data from public records.

Address	Redfin Estimate
1425 Palisades Beach Rd Apt C, Santa Monica, CA - Beds \| 4 Baths \| 1196 Sq. Ft.	—
1415 Palisades Beach Rd, Santa Monica, CA 2 Beds \| 4 Baths \| 2774 Sq. Ft.	$2,428,770

Address	Redfin Estimate
1421 Palisades Beach Rd, Santa Monica, CA 3 Beds \| 5 Baths \| 2453 Sq. Ft.	$2,545,998
1413 Palisades Beach Rd, Santa Monica, CA 3 Beds \| 6 Baths \| 4288 Sq. Ft.	$3,702,893

Address	Redfin Estimate
1419 Palisades Beach Rd, Santa Monica, CA 3 Beds \| 2 Baths \| 1406 Sq. Ft.	$5,995,236
1409 Palisades Beach Rd, Santa Monica, CA 4 Beds \| 5 Baths \| 3749 Sq. Ft.	—

Property information provided by TheMLS when last listed in 2021. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 90401, CA

Sale history for 1401 Palisades Beach Rd

Tax history for 1401 Palisades Beach Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90401

Home values near 1401 Palisades Beach Rd

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