ActiveResidential · sale

1140 Chelsea Avenue A

Santa Monica, CA 90403

$3,495,000

  • 3 beds
  • 4 baths
  • 2,929 sq ft
  • 0.28 acres
  • Built 1981

Listed by Compass · MLS #26854531

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1981.

Garage parking

3 garage spaces listed.

Property size

0.28 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome home Step inside and discover a oneofakind retreat where exceptional design meets timeless luxury This remarkable townhome is unlike anything on the current market and a must see Designed by Mark J Williams this residence was taken down to the studs and meticulously reimagined with an unparalleled vision showcasing exceptional craftsmanship and an uncompromising level of finish throughout Reminiscent of an Art Deco Paris apartment the centerpiece of the townhome is a newly installed stateoftheart private inunit antique bronze fourstory glass elevator complemented by a customdesigned handforged iron staircase and a Roman plaster feature wall that extends the height of the home creating a striking architectural focal point while seamlessly connecting each level The chefs kitchen is both timeless and functional appointed with Calacatta Voile Marble a LAtelier French Top Range with matching hood SubZero and Thermador refrigeration with custom panels a dedicated coffee bar wine fridge and twozone beverage center A custom banquette anchored by a stunning glass greenhousestyle window creates an inviting dining space that feels distinctly Parisian while filling the room with natural light Waterworks fixtures and hardware continue the homes commitment to exceptional quality and thoughtful designThe bathrooms particularly the primary suite bath are true design sanctuaries featuring Ann Sacks tile Waterworks fixtures throughout custom cabinetry and designer lighting fixtures that elevate each space with understated sophistication The expansive nearly 700sf rooftop terrace offers lush treetop views and an exceptional outdoor culinary experience complete with a fully appointed chefs kitchen featuring a builtin Artisan BBQ grill sink and undercounter refrigerator all beautifully integrated into a custom Dekton surface for sophisticated openair dining and entertaining Additional highlights include direct access from the threecar sidebyside garage into the residence a versatile lowerlevel bonus space complete with a sink beverage refrigerator alcove and custom cabinetry ideal for entertaining guests a home office gym or media lounge creating a seamless connection between the home and its picturesque surroundings Additional features include Fleetwood doors herringbone oak floors custom ordered lighting fixtures by Una Malan living room and dining room Waterstreet Brass hardware custom cabinetry and countless bespoke details throughout Located directly across from Douglass Park and within the highly coveted Franklin Elementary School District this exceptional residence is just minutes from Erewhon Trader Joes Whole Foods Montana Avenue Brentwood Country Mart Farm Shop Forma Caffe Luxxe and an exceptional collection of Santa Monicas most popular restaurants cafes and neighborhood hotspots offering an unmatched blend of luxury design and everyday convenience

THE NEIGHBORHOOD

Explore the location.

1140 Chelsea Avenue A, Santa Monica, CA 90403

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1981
Full baths
1
Half baths
1
Garage spaces
3
Cooling
CentralAir
Heating
Central
Appliances
Barbecue,Dishwasher,Disposal,Microwave,Refrigerator
Flooring
Tile,Wood
Pool
No
Pool features
None
Zoning
SMR2*
Parcel
4276003049
HOA amenities
Trash
HOA fee frequency
Monthly
HOA fee
$918.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$14,562.50
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1140 Chelsea Avenue A, Santa Monica, CA 90403 · MLS #26854531

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Listing information

MLS #26854531 · California Regional MLS

Listing brokerage: Compass
Listing agent: Erica Lockhart

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.