201 Ocean Avenue 1105p, Santa Monica, California 90402, Santa Monica, 90402 - 1 bed, 1 bath
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201 Ocean Avenue 1105p
Santa Monica, California 90402
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
868Sq Ft
38,619Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$951,693
10% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $850,000—positioned well below the $951,693 Fair Market Value by 10%. This valuation gap provides $101,693 in Instant Equity. Featuring a Mint Condition Rating, the unit includes custom cabinetry, hardwood floors, and a spacious balcony with serene mountain views. Located in the prestigious Ocean Towers, residents enjoy full-service luxury amenities and proximity to top-rated schools like Roosevelt Elementary. This is an ideal acquisition for Owner-Occupants or sophisticated investors seeking a premium coastal lifestyle.
Estimated Market Value
$951,693+$101,693 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 Ocean Avenue 1105p Subject | $850,000* List Price | 1 | 1 | 868 | $1,096 | - |
A 446 San Vicente Boulevard 304 Sold | $1,099,000 | 1 | 1 | 956 | $1,150 | 0.4 mi |
B 201 Ocean Avenue 603p Sold | $1,100,000 | 1 | 1 | 906 | $1,214 | - |
C 222 7th Street 202 Sold | $950,000 | 2 | 2 | 1,182 | $804 | 0.5 mi |
D 201 Ocean Avenue 305b Active | $650,000 List Price | 1 | 1 | 855 | $760 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although the building was constructed in 1971, the unit has been recently and beautifully remodeled with high-quality finishes, including hardwood floors, custom cabinetry, and designer lighting. The interior is in mint condition and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on iconic Ocean Avenue across from Palisades Park, the property offers immediate access to Santa Monica's premier beaches, high-end dining, and luxury boutiques.
- Modern Designer Finishes
The residence has been thoughtfully remodeled with high-quality hardwood floors, custom cabinetry, and floor-to-ceiling windows that maximize natural light and mountain views.
- Full-Service Luxury Amenities
Ocean Towers provides a resort-style lifestyle featuring 24-hour doorman and valet services, a state-of-the-art fitness center, and an ocean-view pool and spa deck.
CONSRISKS & DEFICIENCIES
- Co-op Ownership Complexity
The property is a co-op with an underlying mortgage, which typically requires a more complex financing process and stricter board approval compared to traditional condominiums.
- High Monthly Carrying Costs
The $1,261 monthly association fee is relatively high for a one-bedroom unit, which may impact the property's affordability and overall investment return.
About 201 Ocean Avenue 1105p
Beautifully remodeled from the 1-bedroom, 1-bath residence with a dedicated office nook and serene mountain views in the highly sought-after Ocean Towers. Thoughtfully updated with quality finishes throughout, this light-filled home features floor-to-ceiling windows, hardwood floors, custom cabinetry, designer lighting, and a spacious balcony ideal for outdoor dining and relaxing. Located along iconic Ocean Avenue overlooking Palisades Park and the Santa Monica Bay, Ocean Towers offers an exceptional full-service lifestyle with 24-hour doorman and valet, an elegant lobby, state-of-the-art fitness center, ocean-view pool and spa deck, and banquet room. Just moments from Santa Monica's beaches, boutiques, acclaimed dining, cafes, entertainment, bike paths, and everything the Westside has to offer. A rare opportunity to enjoy resort-style living in one of Santa Monica's most coveted addresses. Please see Private Remarks regarding co-op and underlying mortgage.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 38,619 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1261.0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.8 mi
8/10
Lincoln Middle School
Grades 6-8 • 1.4 mi
8/10
Santa Monica High School
Grades 9-12 • 2.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 868 | 1,332.636 |
| Lot Size | 38,619 | 8,171.182 |
| Price | $850.0K | $1.30M |
| Price per sq ft | $979 | $979 |
| Built year | 1971 | 1976 |
| HOA | $1261.0 | $553 |
| Days on market | 14 | 57 |
Pricing History
Listed for Sale
Aug 26, 2026
$850,000
Initial Listing