
Santa Monica, California 90402
This Turnkey Penthouse represents a Prime Investment Opportunity, listed at $1,450,000—positioned well below the $1,484,873 Fair Market Value by 2%. This valuation gap offers $34,873 in Instant Equity. Featuring a Mint Condition Rating, the unit includes Thermador appliances, hardwood flooring, and unobstructed canyon views. Located near top-rated schools like Roosevelt Elementary, this property offers elite coastal living. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 Ocean Avenue 1910b Subject | $1,450,000* List Price | 2 | 2 | 1,216 | $1,221 | - |
A 201 Ocean Avenue 906p Sold | $1,800,000 | 2 | 2 | 1,229 | $1,465 | 0.0 mi |
B 201 Ocean Avenue 1206p Sold | $1,560,000 | 2 | 2 | 1,229 | $1,269 | 0.0 mi |
C 201 Ocean Avenue 603p Sold | $1,100,000 | 1 | 1 | 906 | $1,214 | 0.0 mi |
D 201 Ocean Avenue 903p Sold | $1,126,000 | 1 | 1 | 906 | $1,243 | 0.0 mi |
E 446 San Vicente Boulevard 202 Sold | $1,397,000 | 2 | 2 | 1,215 | $1,150 | 0.3 mi |
F 201 Ocean Avenue 1604p Sold | $1,825,000 | 3 | 3 | 1,554 | $1,174 | 0.0 mi |
G 201 Ocean Avenue 1204b Sold | $1,845,000 | 3 | 3 | 1,554 | $1,187 | 0.0 mi |
H 202 San Vicente Boulevard 15 Sold | $1,595,000 | 2 | 3 | 1,577 | $1,011 | 0.1 mi |
I 201 Ocean Avenue 301p Active | $1,395,000 List Price | 2 | 2 | 1,262 | $1,105 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1971, this penthouse has undergone a high-end, recent renovation within the last 5 years. It features a sleek, modern kitchen with premium Thermador and Miele appliances, updated contemporary bathrooms, and new hardwood flooring throughout, placing it in mint, turnkey condition.
Situated on the iconic Ocean Avenue, this property offers elite coastal living within walking distance to the beach, high-end boutiques, and world-class dining.
The penthouse features a sleek, modern renovation including premium Thermador and Miele appliances, hardwood flooring, and floor-to-ceiling windows that flood the space with natural light.
Ocean Towers provides a resort-style experience with 24-hour valet, doorman, concierge services, a state-of-the-art fitness center, pool, and spa.
The association fee of $1,773.50 is significantly high for a two-bedroom unit, which may impact the overall affordability and investment yield for some buyers.
Constructed in 1971, the building may present long-term maintenance challenges or potential special assessments common with older high-rise infrastructures despite the unit's modern interior.
Turnkey penthouse unit with sleek, modern design in the uniquely luxurious building, Ocean Towers. Spacious living room and master BR w/an oversized walk-in closet, an abundance of natural light, floor-to-ceiling windows overlooking greenery, an oasis of absolute calm with a picturesque view of peaceful and lush trees of Santa Monica Canyon and a City View, while steps away from the rhythmic crashing of the tide; recently renovated, SS Thermador appliances, Miele washer/dryer in unit, hardwood flooring, two-car garage space. Amenities include full-service 24-hour valet parking, doorman, concierge service, a state-of-the-art fitness facility, sauna, pool & spa, banquet & conference room. Prime Santa Monica location; Walking distance to the Beach, Finest Restaurants, & Shops. Elite coastal living with a seamless blend of high-end sophistication.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,216 | 1,332.636 |
| Lot Size | 57,750 | 8,171.182 |
| Price | $1.45M | $1.30M |
| Price per sq ft | $1.2K | $979 |
| Built year | 1971 | 1976 |
| HOA | $1773.5 | $553 |
| Days on market | 12 | 57 |
Aug 28, 2026
$1,450,000
Initial Listing