201 Ocean Avenue 1505b, Santa Monica, California 90402, Santa Monica, 90402 - 1 bed, 1 bath
ACTIVE$845,000
201 Ocean Avenue 1505b, Santa Monica, California 90402
1Bed
1Bath
868Sqft
57,750Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Panoramic Views: Situated on Ocean Avenue in Santa Monica, the property offers serene Mountain and City Views, overlooking Santa Monica Bay and Palisades Park, with immediate access to beaches, dining, boutiques, and entertainment.
Top Cons:
High Monthly Association Fee: The association fee of $977.33 is substantial and adds significantly to the monthly cost of ownership, which could be a deterrent for some buyers.
Compared to the nearby listings
Price:$845.0K vs avg $995.0K ($-150,000)33%
Size:868 sqft vs avg 906 sqft33%
Price/sqft:$974 vs avg $1.1K33%
More Insights
Built in 1971 (54 years old).
Condition: Despite being built in 1971, the property has been 'exquisitely redesigned and remodeled' with 'high-end detailed finishes throughout,' as explicitly stated in the listing and strongly supported by the images. The kitchen features modern flat-panel custom cabinetry, solid surface countertops, a mosaic tile backsplash, and stainless steel appliances (including a visible KitchenAid dishwasher). Hardwood floors are installed throughout the main living areas and bedroom, and recessed lighting provides a contemporary feel. The overall aesthetic is pristine and modern, indicating a very recent and comprehensive renovation that meets current quality standards, making it move-in ready with virtually new components and no visible deferred maintenance.
Year Built
1971
Close
-
List price
$845K
Original List price
$845K
Price/Sqft
$974
HOA
$977.33
Days on market
-
Sold On
-
MLS number
25611015
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Mountain(s)
Deck
ViewCity Lights,Canyon,Mountain(s)
About this home
Exquisitely redesigned and remodeled (come back!), this beautiful 1 Bedroom, 1 Bathroom unit offers serene and majestic Mountain and City Views. Flooded with natural light, this stunning home boasts beautiful hardwood floors, custom cabinetry, recessed lighting, and high-end detailed finishes throughout. Ready for immediate move-in, this residence features fabulous storage options at every turn. Plus, it offers flexible space for a possible work area and showcases an extra-large balcony perfect for al-fresco dining. Experience a luxurious lifestyle at Ocean Towers, Ocean Avenue's most sought-after full-service, full-amenity building overlooking Santa Monica's spectacular Bay and the exquisite 26-acre Palisades Park. Ocean Towers provides 24-hour doorman and valet services, a beautiful lobby, a state-of-the-art workout facility, an ocean-view deck with a swimmer's pool and spa, and a lovely banquet room. Just moments away from Santa Monica's sensational boutiques, dining, cafes, beaches, entertainment, and bike paths!
Nearby schools
8/10
Roosevelt Elementary School
Public,•K-5•0.8mi
8/10
Lincoln Middle School
Public,•6-8•1.4mi
8/10
Santa Monica High School
Public,•9-12•2.0mi
Condition Rating
Excellent
Despite being built in 1971, the property has been 'exquisitely redesigned and remodeled' with 'high-end detailed finishes throughout,' as explicitly stated in the listing and strongly supported by the images. The kitchen features modern flat-panel custom cabinetry, solid surface countertops, a mosaic tile backsplash, and stainless steel appliances (including a visible KitchenAid dishwasher). Hardwood floors are installed throughout the main living areas and bedroom, and recessed lighting provides a contemporary feel. The overall aesthetic is pristine and modern, indicating a very recent and comprehensive renovation that meets current quality standards, making it move-in ready with virtually new components and no visible deferred maintenance.
Pros & Cons
Pros
Prime Location & Panoramic Views: Situated on Ocean Avenue in Santa Monica, the property offers serene Mountain and City Views, overlooking Santa Monica Bay and Palisades Park, with immediate access to beaches, dining, boutiques, and entertainment.
Luxurious Full-Service Building Amenities: Ocean Towers is a highly sought-after, full-service building providing 24-hour doorman/valet, a state-of-the-art gym, ocean-view pool/spa deck, and a banquet room, ensuring a high-end lifestyle.
Exquisitely Redesigned & High-End Finishes: The unit has been exquisitely redesigned and remodeled, featuring beautiful hardwood floors, custom cabinetry, recessed lighting, and high-end detailed finishes throughout, making it move-in ready.
Functional & Bright Living Space: Flooded with natural light, the unit boasts fabulous storage options, flexible space for a work area, and an extra-large balcony perfect for al-fresco dining.
Immediate Occupancy: The residence is ready for immediate move-in, offering convenience and eliminating the need for further renovations or preparations for the new owner.
Cons
High Monthly Association Fee: The association fee of $977.33 is substantial and adds significantly to the monthly cost of ownership, which could be a deterrent for some buyers.
Limited Unit Size & Configuration: As a 1 Bedroom, 1 Bathroom unit with 868 sqft, it may not accommodate buyers seeking more living space, additional bedrooms, or a larger household.
Stock Cooperative Ownership Structure: The 'Stock Cooperative' sub-type can present unique financing challenges and ownership implications compared to traditional condominiums, potentially limiting the buyer pool and requiring specific lender knowledge.