2002 4th St, Santa Monica, CA 90405

1 bd · 1 ba · 864 sqft · built 1962 · Santa Monica · CONDOS·source listing ↗

$649,000

$699,000 first listed

seller intel

Price cut

−7.1%

from $699,000

Motivation score

37/100

OnePercent model (vv1)$2,773/mo

p10–p90 confidence band

HUD Fair Market Rent · 90405 · 1BR$2,550/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Los Angeles

Flood risk indexVery High FEMA NRI

Median household income$121,241

Median area rent$2,417/mo

Median home value$1,929,900

the verdict

0.43%vs 0.8% target

financing: 20% down · — (FRED, live) · 30yr

$649,000

0.43% · rent $2,773

Intrinsic value · income approach

$862,029

25% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.