1033 Ocean Avenue 401, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath
ACTIVE$3,450,000
1033 Ocean Avenue 401, Santa Monica, California 90403
2Beds
2Baths
1,396Sqft
14,986Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Ocean Views: This top-floor penthouse offers amazing Pacific Ocean views from the living room and all bedrooms, complemented by an unbeatable Santa Monica location steps away from the Third Street Promenade and Santa Monica Pier.
Top Cons:
High Monthly Association Fee: The $1,100 monthly association fee is substantial and adds significantly to the ongoing cost of ownership, which may deter some buyers.
Compared to the nearby listings
Price:$3.45M vs avg $1.33M (+$2,120,000)98%
Size:1,396 sqft vs avg 1,396 sqft50%
Price/sqft:$2.5K vs avg $1.0K98%
More Insights
Built in 1981 (44 years old).
Condition: Despite being built in 1981, the property underwent an extensive renovation in 2021, which is only 3 years ago. The kitchen features new high-end stainless steel appliances, modern white shaker cabinets, quartz countertops, and stylish hexagonal floor tiles. The bathrooms are also fully updated with contemporary vanities, LED mirrors, modern fixtures, and marble-look tiling. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1981
Close
-
List price
$3.45M
Original List price
$3.45M
Price/Sqft
$2,471
HOA
$1,100
Days on market
-
Sold On
-
MLS number
WS25083279
Home ConditionExcellent
Features
Excellent View: Ocean
Deck
ViewOcean
About this home
TOP FLOOR PENTHOUSE with HIGH CEILINGS and TONS OF LIGHT! AMAZING OCEAN VIEWS! Great location! Only steps away from the Third Street Promenade, the Santa Monica Pier & all that downtown Santa Monica has to offer. This is a very well maintained 16-unit building with only 4 units per floor! Unit is remodeled and upgraded with all new high-end appliances in 2021. In-unit laundry. 2 side-by-side parking spaces. Wet bar, large master suite with walk-in closet and ocean view balcony, perfect for watching the sunset. AMAZING VIEWS of the Pacific Ocean from the living room and all bedrooms! Photos were taken in 2021.
Nearby schools
8/10
Roosevelt Elementary School
Public,•K-5•0.6mi
9/10
Franklin Elementary School
Public,•PK-5•1.8mi
8/10
Lincoln Middle School
Public,•6-8•1.0mi
8/10
Santa Monica High School
Public,•9-12•1.2mi
Price History
Date
Event
Price
03/15/11
Sold
$1,550,000
Condition Rating
Excellent
Despite being built in 1981, the property underwent an extensive renovation in 2021, which is only 3 years ago. The kitchen features new high-end stainless steel appliances, modern white shaker cabinets, quartz countertops, and stylish hexagonal floor tiles. The bathrooms are also fully updated with contemporary vanities, LED mirrors, modern fixtures, and marble-look tiling. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Prime Location & Ocean Views: This top-floor penthouse offers amazing Pacific Ocean views from the living room and all bedrooms, complemented by an unbeatable Santa Monica location steps away from the Third Street Promenade and Santa Monica Pier.
Recent High-End Remodel: The unit was extensively remodeled and upgraded in 2021 with all new high-end appliances, providing a modern and move-in ready living space.
Penthouse Exclusivity & Features: As a top-floor penthouse, it benefits from high ceilings, abundant natural light, and a desirable position within a well-maintained, low-density 16-unit building.
Luxury Master Suite & Amenities: The property includes a large master suite with a walk-in closet and an ocean-view balcony, perfect for enjoying sunsets, along with a convenient wet bar.
Valuable Conveniences: Highly sought-after features such as in-unit laundry and two side-by-side dedicated parking spaces significantly enhance convenience and value in this prime area.
Cons
High Monthly Association Fee: The $1,100 monthly association fee is substantial and adds significantly to the ongoing cost of ownership, which may deter some buyers.
Building Age: Built in 1981, the building is over 40 years old. While the unit is remodeled and the building is well-maintained, its age could imply potential for future common area assessments or higher maintenance costs.
Outdated Listing Photos: The listing states photos were taken in 2021, which means they may not fully represent the current condition or any recent updates, potentially raising questions for prospective buyers.