201 Ocean Avenue 1505b, Santa Monica, California 90402, Santa Monica, 90402 - 1 bed, 1 bath
201 Ocean Avenue 1505b
Santa Monica, California 90402
Property Price
SUMMARY
Analysis of 201 Ocean Avenue 1505b, Santa Monica, California 90402 is currently available with a list price of $845,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1971, this unit has been 'exquisitely reimagined' with a very recent and extensive high-end renovation. The images clearly show stunning hardwood floors, modern custom cabinetry, recessed lighting, and luxurious finishes throughout. The kitchen features contemporary stainless steel appliances and stylish backsplashes, while the bathroom boasts modern fixtures, mosaic tiling, and a sleek design. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Unbeatable Coastal Location & Panoramic Views
Situated above Palisades Park with sweeping views of Santa Monica Bay, mountains, and city lights, offering immediate access to beaches, dining, and boutiques.
- Premier Full-Service Luxury Building
Ocean Towers provides unparalleled amenities including 24-hour doormen, valet, a state-of-the-art fitness center, and an ocean-view deck with a pool and spa.
- Exquisitely Reimagined High-End Interiors
The unit boasts a recent, high-quality renovation with hardwood floors, custom cabinetry, recessed lighting, and luxurious finishes throughout.
CONSRISKS & DEFICIENCIES
- Stock Cooperative Ownership Structure
The property's 'Stock Cooperative' status can present unique challenges regarding financing, board approval processes, and resale compared to traditional condominium ownership.
- Substantial Monthly Association Fees
A high monthly association fee of $977.33 adds a significant ongoing cost, which may impact affordability and budget planning for potential buyers.
- Single Bedroom Configuration
As a 1-bedroom unit, its appeal is limited to a specific buyer demographic, primarily singles or couples, potentially narrowing the market.
About 201 Ocean Avenue 1505b
Exquisitely reimagined, this 1-bedroom, 1-bathroom sanctuary offers serene, sweeping views of both the mountains and the city. Bathed in natural light, the residence showcases stunning hardwood floors, custom cabinetry, recessed lighting, and luxurious high-end finishes throughout. With its spacious layoutthis home provides flexible options, including space for a potential work area. Plus, the private balcony invites you to savor al fresco dining while soaking in the vistas.Storage is thoughtfully integrated into every corner, ensuring both beauty and practicality. Located within Ocean Towers, Santa Monica's premier full-service, amenity-rich building, you'll experience the pinnacle of coastal luxury living. Perched above the iconic 26-acre Palisades Park and overlooking the breathtaking Santa Monica Bay, Ocean Towers delivers unparalleled services, including 24-hour doormen and valet, a sophisticated lobby, a state-of-the-art fitness center, and a stunning ocean-view deck complete with a swimmer's pool, spa, and banquet room.All this, just moments from Santa Monica's vibrant boutiques, world-class dining, charming cafes, pristine beaches, and the scenic bike path. Move right in and begin living your dream coastal lifestyle!
Property Details
Public Facts
- Property Type
- Stock Cooperative
- Year Built
- 1971
- Lot Size
- 57,750 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $977.33 / Month
Neighborhood Insights
Santa Monica Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.8 mi
Lincoln Middle School
Grades 6-8 • 1.4 mi
Santa Monica High School
Grades 9-12 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 50% |
| Square foot | 868 | 1,307 | 50% |
| Lot Size | 57,750 | 57,832.5 | 50% |
| Price | $845.0K | $1.24M | 50% |
| Price per sq ft | $974 | $955 | 50% |
| Built year | 1971 | 1971 | 50% |
| HOA | $977.33 | $1.2K | 50% |
| Days on market | 49 | 230 | 50% |
Pricing History
Listed for Sale
Jan 16, 2026
$845,000
Initial Listing