
Santa Monica, California 90403
This Coastal Residential Condominium is a High-Potential Investment Opportunity, listed at $1,650,000—positioned above the $1,359,618 Fair Market Value. While the list price exceeds the current valuation, the property offers a Condition Rating of 3, featuring high-end marble finishes and 180-degree panoramic ocean views. The flexible floor plan allows for a conversion back to a two-bedroom layout, providing significant value-add potential. Located near Top-Rated Schools like Franklin Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking an iconic Santa Monica lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 101 California Avenue 802 Subject | $1,650,000* List Price | 1 | 2 | 1,190 | $1,143 | - |
A 101 California Avenue 1006 Sold | $1,290,000 | 1 | 2 | 1,077 | $1,198 | 0.0 mi |
B 930 3rd Street 305 Sold | $1,425,000 | 2 | 2 | 1,283 | $1,111 | 0.2 mi |
C 1133 9th Street 102 Sold | $1,513,000 | 2 | 2 | 1,410 | $1,073 | 0.6 mi |
D 808 Washington Avenue Sold | $1,660,000 | 2 | 3 | 1,568 | $1,059 | 0.5 mi |
E 1133 9th Street 202 Sold | $1,440,000 | 2 | 2 | 1,410 | $1,021 | 0.6 mi |
F 943 16th Street 4 Sold | $1,900,000 | 3 | 3 | 1,570 | $1,210 | 0.8 mi |
G 924 5th Street 10 Active | $2,000,000 List Price | 3 | 2 | 1,226 | $1,631 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building dates to 1964, the unit is move-in ready with a previous renovation (likely 10-15 years old) featuring marble bathrooms, hardwood floors, and KitchenAid appliances. The kitchen and baths are functional and well-maintained, fitting the criteria for a property that is updated but not brand new.
Elementary School: Franklin Elementary School (9/10).
Positioned on the 8th floor, this residence offers rare 180-degree coastal views stretching from Palos Verdes to Malibu, providing an iconic and highly sought-after backdrop from every major room.
Located in the prestigious Santa Monica Bay Tower, the property boasts an unbeatable walkability factor, situated just steps from the beach, Third Street Promenade, and world-class dining and shopping.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The monthly HOA fee of $1,723.88 is substantial, which may deter some buyers and impacts the overall monthly carrying costs compared to other buildings in the area.
As the property is currently utilized as a one-bedroom, it may limit the immediate buyer pool for those requiring a move-in ready two-bedroom residence without the need for a conversion project.
Experience iconic coastal living at Santa Monica Bay Tower, 101 California Ave an eighth-floor residence with truly unobstructed, panoramic views stretching south to Palos Verdes, over the Santa Monica Pier, and north to Point Dume, Malibu, a literal 180 degrees of coastline. Per title, this is a two-bedroom residence, currently configured as an expanded one-bedroom that can readily be converted back to its original layout, a rare opportunity to reimagine the space and make it your own. The north-facing primary suite frames views up the coast to Point Dume, Ocean Avenue, and the Palisades, and includes a sizable marble bathroom with separate shower and soaking tub (with ocean views of its own), plus a large primary closet with floor-to-ceiling built-ins and even more ocean views. A 3/4 bath off the entry foyer features marble and stone tile walls and shower, while the kitchen boasts ample built-in storage, a pass-through bar with seating for four, a stone wraparound backsplash, and a KitchenAid range and dishwasher. Hardwood floors run throughout, and off the kitchen a sizable wraparound bar spills into the open living and dining area, framed by head-on ocean views. Move-in ready as-is, this is a rare canvas awaiting its next owner's vision to become one of the finest units on Ocean Avenue. Set within a 24-hour doorman building in one of Santa Monica's most perfectly located addresses, the home is just steps from world-class dining, Third Street Promenade, Santa Monica Place, movie theaters, the farmers market, Equinox, yoga studios, parks, the beach, and the bike path an unbeatable Santa Monica location.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades PK-5 • 1.8 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,190 | 1,346 |
| Lot Size | 18,751 | 7,869 |
| Price | $1.65M | $1.33M |
| Price per sq ft | $1.4K | $977 |
| Built year | 1964 | 1978 |
| HOA | $1723.88 | $500 |
| Days on market | 12 | 57 |
Jul 10, 2026
$1,650,000
Initial Listing
Oct 5, 2018
$1,840,000
Public Record
Jan 3, 2002
$690,000
Public Record