940 7th St, a 1969 building in Santa Monica.
940 7th St is a 10-residence boutique building in Santa Monica. It was completed in 1969.
Contact a Condos of LA advisor for current availability, pricing, and a private tour of 940 7th St.
Condos for sale & rent at 940 7th St
Listings update automatically from the MLS. Availability and pricing are provided by the listing brokerages.
Recent sales at 940 7th St
| Date | Residence | Beds/Baths | Sq Ft | Sale price | $/Sq Ft | HOA dues |
|---|---|---|---|---|---|---|
| May 2024 | 2 | 2 bd · 2 ba | 940 | $836,000 | $889 | $300/mo |
Closed sales at 940 7th St from MLS records.
What to know before you buy at 940 7th St
The details that make or break a condo decision: current HOA dues and what they cover, parking, and the building's pet & leasing rules. Our advisors pull these straight from the building's HOA documents for any residence you're weighing.
Learn moreCompiled from public sources · last reviewed July 2026. We confirm current dues, reserves, lender and policy details for any residence you're considering.
Can you finance a condo at 940 7th St?
With 10 residences, 940 7th St is in the 2 to 10 unit range, so a conventional loan here may qualify for a project review waiver (Fannie Mae and Freddie Mac, since March 18, 2026). That holds as long as the building isn't flagged by Fannie Mae and the insurance meets the rules. At 10 units, it also can't be part of a master association for the waiver to apply.
The 15% reserve test arriving January 4, 2027 is part of the Full Review, which a building this size may not need. Lenders can add their own requirements, and the unit count decides the path, so confirm it with the HOA.
If 940 7th St has wood-supported balconies, decks or stairs that the HOA maintains, California's SB 326 calls for a licensed inspection of them, and since January 1, 2026 the latest report is part of the resale package. A failed or unaddressed report may hold up a conventional loan until repairs are made or funded. SB 326, explained.
In LA County, conventional loans reach $1,249,125 in 2026. Jumbo loans above that follow the lender's own condo rules, and non-QM loans work outside agency rules, typically with more down and a higher rate.
Tell us which residence you're weighing. Tyler or Michael will follow up personally with what to request from the HOA and what we find in it.
Get a building check for 940 7th StBackground: what warrantable and non-warrantable mean, and how the 2027 condo loan rules work.
General information as of October 27, 2026, not lending advice. Lenders apply their own rules, and only a lender's review decides whether a loan works at 940 7th St.
In the heart of Santa Monica
940 7th St places you at the center of Santa Monica, with the neighborhood's dining, shopping and character just outside your door and the rest of Los Angeles within easy reach.