201 Ocean Avenue 503b, Santa Monica, California 90402, Santa Monica, 90402 - 0 bed, 1 bath
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Santa Monica, California 90402
This Condominium presents a Strong Value Opportunity, listed at $795,000—positioned well above the $733,639 Fair Market Value by -8%. While priced at a premium, the unit offers Panoramic Ocean Views and Full-Service Building Amenities including 24-hour security and a pool. With a Condition Rating of 4, the property provides a foundation for aesthetic modernization. Located near Top-Rated Schools like Roosevelt Elementary, this unit is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prestigious Santa Monica lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 Ocean Avenue 503b Subject | $795,000* List Price | 0 | 1 | 713 | $1,029 | - |
A 201 Ocean Avenue 304b Active | $595,000 List Price | 0 | 1 | 661 | $900 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1971, making it over 50 years old. While the description highlights hardwood floors and premium ocean views, there is no mention of recent renovations to the kitchen, bathroom, or major systems. Given the age and lack of specific modern updates, the unit is classified as dated and likely requires minor repairs or aesthetic modernization.
The unit offers stunning views of the Malibu coastline and the Pacific Ocean from the 5th floor, significantly enhancing its desirability and market value.
Residents benefit from 24-hour live security, a fitness center, and a pool, providing a luxury lifestyle and peace of mind in a prestigious Santa Monica location.
The property features hardwood floors, a walk-in closet, and a large open patio, maximizing the functional living space and outdoor enjoyment.
The monthly HOA fee of $1,023.68 is relatively high for a unit under 800 square feet, which may impact the overall affordability and appeal for some buyers.
Described as larger than a studio but smaller than a one-bedroom, the lack of a fully private bedroom may limit the property's appeal to a specific niche market.
Bigger than a studio and smaller than a one bedroom. Beautiful ocean views toward the Malibu coastline. Hardwood floors, large and open patio and walk in closet. Located on the 5th floor of the Brentwood Tower overlooking the pool. 24 hour live security building, fitness center, pool and a perfect Santa Monica location!
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 | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 713 | 1,346 |
| Lot Size | 57,750 | 7,869 |
| Price | $795.0K | $1.33M |
| Price per sq ft | $1.1K | $977 |
| Built year | 1971 | 1978 |
| HOA | $1023.68 | $500 |
| Days on market | 11 | 57 |
Jul 11, 2026
$795,000
Initial Listing