10 days on rocket

1302 Yale St, Santa Monica, CA, 90404

$1,950,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath
1,010 SqFt
$1,931/SqFt
House
Schools Nearby

Location

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1302 Yale St, Santa Monica$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1941
CoolingNone
FireplaceNone
MLS #24381807
Lot Size0.14 Acres
StatusActive

About 1302 Yale St

Charming home on a large corner lot in prime Santa Monica! This charming single family home offers a thoughtfully designed floor plan, featuring a spacious living room bathed in natural light, a formal dining room that sets the stage for memorable gatherings, and a generous kitchen with stainless steel appliances, ensuring both functionality and comfort. Escape to the enchanting private backyard oasis that provides the perfect backdrop for alfresco dining, leisurely afternoons, and year-round California living at its finest. Located just moments away from LA's vibrant dining, shopping, Farmers Markets, and grocery stores like Erewhon, Whole Foods, Trader Joes, and Bristol Farms, every convenience is at your fingertips. Plus, families will appreciate the proximity to Santa Monica's top-rated schools, ensuring a quality education for young learners. Plus, explore the added opportunity of converting the garage into an Accessory Dwelling Unit (ADU), providing additional living space or rental income. Huge Development/Investment Potential: Build up to a 13-unit apartment/condo building on the site with the application of the State Density Bonus Law and State Multifamily ADU Law. Because this property qualifies for the State Density Bonus Law, a developer could build up to 4 stories (instead of 2) and get significantly reduced setbacks on all sides. Because the property is on a corner with an alley, any development would be open on 3 sides - allowing for great sunlight and unobstructed views. Because the development would be replacing a single family home that is not subject to rent control, the new development would also be exempt from both city and state rent control - a huge and rare advantage in a jurisdiction like Santa Monica. This property has the potential to be a true trophy asset and cash cow in one of the strongest rental markets in the nation.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1941
  • Stories: 0
  • Living Area: 1,010 SqFt

Listing Office:

  • Office Name: Cyrus Pacific Realty, Inc.
  • Office Phone: (310) 266-2874
  • Listing Agent: Daniel Galdjie

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Dryer, Washer
  • Flooring Type: Wood
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Cooling: None

School Info

Assigned Schools Information:

  • Santa Monica High School, Public District Grades 9-12
  • Lincoln Middle School, Public District Grades 6-8
  • McKinley Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: North of Santa Monica Blvd, West of Bundy Dr

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
  • Price Per SqFt: $1,931/SqFt

Tax Information:

  • Annual Amount: $18,941
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Santa Monica, CA.

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Santa Monica, CA

City

Med. Sold Price

$1.7M

Med. Price/SqFt

$1,100

Avg. Days On Market

29

# of Sold Homes

50

1302 Yale St vs Santa Monica

10 DAYS ON ROCKET

-19 Days

$1,950,000

+$160.1K More

$1,931/SqFt

+$831 More

KEY TAKEAWAY

This property is $160.1K more than the Median Sold Price and $831/SqFt more than other homes in Santa Monica, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24381807

Listing Office:

  • Office Name: Cyrus Pacific Realty, Inc.
  • Office Phone: (310) 266-2874
  • Listing Agent: Daniel Galdjie

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 12:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 28, 2018Home Sold
$1,525,000
Jun 01, 1989Home Sold
$450,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,941$1,566,057
2020$18,685$1,555,500
2019$1,612$1,525,000
2018$1,590$91,739
2017$1,590$89,941

History based on county public records data.

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$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6475625
7
/10

  • McKinley Elementary School

  • 2401 Santa Monica Blvd

  • 0.38 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6475626
9
/10

  • Lincoln Middle School

  • 1501 California Ave

  • 1.13 miles

  • Public District Grades 6-8

High School

school-card-donut-6475627
9
/10

  • Santa Monica High School

  • 601 Pico Blvd

  • 1.88 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,481. Most Santa Monica, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1302 Yale St

What is the listing price of this property?

The listing price of 1302 Yale St property is $1,950,000.

What type of property is this?

The property 1302 Yale St is a house located in Santa Monica, California, 90404.

Is this property for sale now?

Active Listing: 1302 Yale St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1302 Yale St are:
McKinley Elementary School: GreatSchools Rating 7/10
Lincoln Middle School: GreatSchools Rating 9/10
Santa Monica High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,941 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 28, 2018 for $1,525,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1302 Yale St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1302 Yale St is 1,010 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1302 Yale St is 1941.

Rocket Homes›California›Los Angeles County›Santa Monica›90404›1302 Yale St

This home is located at 1302 Yale St in Santa Monica, CA and zip code 90404 in the Mid-City neighborhood. This 1,010 square foot home, which was built in 1941, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $1,950,000.

While more than 22 listings in Santa Monica, CA in April 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 21 were sold below. The number of homes for sale in Santa Monica, CA increased by 24.5% between March 2024 and April 2024. The median list price of listings available in April 2024 was $1,789,833, while the average time on the real estate market was 29 days.

From Rocket Homes Real Estate and based on county public records data.

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