Nestled on what many consider to be one of the best streets in the Santa Monica Canyon is this week’s top property, a 1950′s 3,000 square-foot single-level home, which sits on a 13,000 square-foot lot.

This top property is very private and gets ample sunlight. The home has not been updated in quite some time so it needs work throughout. Although it is an older home, the current footprint suits today’s standards with well-proportioned rooms and functional layout. The backyard has a beautiful pool, lots of wide open space, and an old paddle tennis court that would need to be refurbished.

The property specifics alone should have people chomping at the bit to see the house, but in addition to all of that the home is located in the coveted Canyon Charter Elementary School District. A huge added bonus that many may may overlook.

The Santa Monica Canyon is a small neighborhood hidden between the Santa Monica “flats” to the south, Pacific Palisades to the north, Riviera Country Club to the east, and the beautiful Pacific Ocean to the west. There are a number of restaurants, shops, and a small market that serve the community.

The asking price for this top property is $2,795,000.

An opportunity like this comes about rarely in the Santa Monica Canyon, so it’s one that should not be missed. Scheduled open houses are for the following days:

• Sunday, January 8th, 2012 (1:00 – 4:00pm)

• Tuesday, January 10th, 2012 (11:00am – 2:00pm)

Do you live in the Santa Monica Canyon? What are your thoughts on this top property or other homes in the neighborhood?  Please feel free to leave a comment below!