Santa Monica Homes Under $5,000,000

$4,000,000 to $5,000,000 Homes For Sale Santa Monica, CA

Houses and Condos for sale under $5,000,000 in Santa Monica, CA

Hot Homes Under $5,000,000

2202 California Avenue, Santa Monica
$4,549,000
5 Beds ⋅ 5 Baths ⋅ 26103746 MLS
A rare opportunity to own a turnkey, design-forward property that combines exceptional craftsmanship, sophisticated functionality, and flexible living spaces, in one of Santa Monica's most coveted locations. The thoughtfully designed main residence features a spectacular chef's kitchen at the heart of the home; showcasing custom Leicht cabinetry, a full suite of Miele appliances, and exquisite Golden Calacatta and Carrara marble. Wide-plank European white oak flooring continues through the open great room into the three-staged bedrooms and dedicated office. The modern primary bathroom and closet are a must-see! Additionally, top-rated European windows and doors, a fully integrated Lutron lighting system, automated Lutron shades, and striking Lucero light fixtures create a warm, refined, and effortlessly modern living environment. Designed for seamless indoor-outdoor living, the home opens to beautifully appointed outdoor spaces highlighted by a premium AAA-rated Thermory decking system and a fully equipped outdoor kitchen. Accompanied by real grass front and backyard areas, ideal for pets or play. This home is perfect for entertaining year-round. Adding tremendous versatility is a two-story detached, fully permitted ADU. Upstairs features its own full kitchen, bedroom, living room, spacious bathroom, washer, and dryer. The downstairs features a flexible space, ideal for a gym, media room, recreation room, home office, or additional guest space or 2-car garage. Perfectly positioned just one block from Whole Foods and Trader Joe's and three blocks from Douglas Park, you'll enjoy an outstanding walkable lifestyle with neighborhood cafes, restaurants, shopping, fitness studios, parks, and daily conveniences just moments from your front door. Montana Avenue, Third Street Promenade, Santa Monica Beach, and Ocean Avenue are all just minutes away, offering the very best of Westside beach town living. Completely reimagined with exceptional attention to detail, this stunning contemporary residence offers the perfect blend of luxury, functionality, and location in one of Santa Monica's most desirable neighborhoods.

2202 California Avenue, Santa Monica

848 5th Street, Santa Monica
$4,075,000
SR26204863 MLS
The Fifth & Montana is a 10-unit multifamily property located at 848 5th Street in Santa Monica's Wilshire-Montana neighborhood, approximately one block south of Montana Avenue. The property offers strong in-place income, 12 parking spaces for 10 units, and approximately 21.41% rental upside. Current NOI is estimated at approximately $225,450, with a 5.53% current cap rate. At market rents, projected NOI is approximately $294,231 with a projected 7.22% market cap rate. Built in 1956 and 1964, the two-building property comprises approximately 7,192 square feet on an approximately 7,492-square-foot lot. The unit mix includes three studios, six one-bedroom units, and a townhome-style three-bedroom, three-bath front residence. The three-bedroom residence features generously sized bedrooms and bathrooms, a fireplace, washer/dryer hookups, a large deck, and a residential-scale layout. The property provides 12 parking spaces, consisting of seven subterranean spaces and five rear alley garage spaces. Six of the ten units have undergone renovations, including three remodeled since 2024. Additional improvements include a roof overlay completed in early 2024, Vulkem deck work completed in 2023, recent exterior painting, and staircase improvements. Select units feature updated kitchens and baths, stainless steel appliances, hardwood-style flooring, exposed-beam ceilings, and outdoor space. The property also includes a dedicated laundry room and landscaped common areas. The location offers proximity to Montana Avenue's restaurants, retailers, cafes, boutiques, and services, as well as Palisades Park, the Santa Monica coastline, Downtown Santa Monica, Third Street Promenade, and Santa Monica Place. The property has a 95 Bike Score®—Biker's Paradise and an 84 Walk Score®—Very Walkable. Nearby healthcare, education, technology, and entertainment employers contribute to a diverse Santa Monica employment base.

848 5th Street, Santa Monica

701 Ocean Avenue Unit 301, Santa Monica
$4,395,000
2 Beds ⋅ 3 Baths ⋅ 26984997 MLS
701 Ocean Avenue is one of the finest condo buildings in Santa Monica and all of Los Angeles. A true ocean-view oasis, Unit 301 offers a rare opportunity to live directly across from not only lush Palisades Park, but the Pacific Ocean as well. With 2 beds, 2.5 bathrooms, a bar area, and over 2000 square feet of space to curate, this unit can accommodate a variety of lifestyles and design sensibilities. The space is luxurious yet uncomplicated, with a formal marble entryway, open floorplan, and head on ocean views. The large private patio opens from both the great room and the primary suite. The kitchen is equipped with modern Meile and Bosch appliances and has abundant cabinetry and storage. The primary wing has a marble clad en-suite bath, a walk-in closet, additional closets, and ocean views. The secondary bedroom contains an en-suite bathroom as well. This end unit only has one adjacent neighbor and features extra side windows and a second balcony and sitting area. There are 2 side-by-side parking spots, and ample guest parking, located in a secured subterranean garage. The rooftop is spectacular; recently renovated and upgraded. It features a sparkling pool and spa and multiple dining, cooking, cabanas, and lounge spaces - a perfect place to watch the sunset. Residents enjoy 24-hour concierge service, a fitness center, multi-purpose room with catering kitchen, and on-site management. The unit also includes a dedicated storage closet located downstairs. Just beyond the front door, a short walk away, sits Santa Monica's celebrated Montana Avenue and its restaurants, shops and services. With its exceptional location, ocean views, thoughtful amenities, and spacious layout, Unit 301 offers a distinctive opportunity to experience Santa Monica at its best.

701 Ocean Avenue Unit 301, Santa Monica

295 Mabery Road, Santa Monica
$4,495,000
5 Beds ⋅ 3 Baths ⋅ 26874253 MLS
Located in the highly sought-after Santa Monica Canyon, this stunning totally redone architectural residence offers serene canyon views and multiple patios and outdoor areas to enjoy the fresh coastal breeze. Privately gated and secure, the home features 5 bedrooms, 3 bathrooms, and approximately over 2,270 square feet of thoughtfully designed living space. The main living room showcases vaulted ceilings, a cozy fireplace, and large windows framing treetop and canyon views, flowing seamlessly into the newly updated kitchen with Calacatta Gold waterfall countertops, a built-in cabinet-front refrigerator, WOLF stainless steel appliances, and countertop seating. Down the hall are two bedrooms, one with an ensuite bathroom, alongside a second full bath and a spacious office with outdoor access. On the ground level, a generous guest bedroom includes built-in storage and a large window that fills the room with natural light. The top floor is dedicated to the primary suite, complete with sweeping canyon views, private terrace, a cozy fireplace, walk-in closet, and a spa-like bathroom featuring dual vanities, a rainfall shower, and a soaking tub. Sliding glass doors from the main living room open to a large patio, with additional outdoor spaces and a flat grassy area below, ideal for private gatherings and year-round entertaining. The gated driveway accommodates 2 cars, includes an EV charger. Stacked laundry is found on the main level added for convenience. Perfectly positioned just moments from PCH and the shops, restaurants, and boutiques of Montana Ave and Ocean Ave, this turnkey residence delivers privacy, charm, and prime Santa Monica living in one of the Westside's most desirable neighborhoods.

295 Mabery Road, Santa Monica

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