201 Ocean Avenue 1505b, Santa Monica, California 90402, Santa Monica, 90402 - 1 bed, 1 bath
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Santa Monica, California 90402
This Turnkey Coastal Sanctuary is a Prime Investment Opportunity, listed at $785,000—positioned well below the $803,000 Fair Market Value by 2%. This valuation gap offers $18,000 in Instant Equity. Featuring an Excellent Condition Rating with high-end finishes, custom cabinetry, and panoramic mountain and city views, this unit offers a sophisticated lifestyle in the prestigious Ocean Towers. With access to top-rated schools and resort-style amenities, it is an ideal acquisition for Owner-Occupants or first-time buyers seeking luxury coastal living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 Ocean Avenue 1505b Subject | $785,000* List Price | 1 | 1 | 868 | $925 | - |
A 201 Ocean Avenue 1505b Active | $845,000 List Price | 1 | 1 | 868 | $974 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building was constructed in 1971, the unit has undergone a high-end renovation featuring custom cabinetry, professional-grade stainless steel appliances, recessed lighting, and hardwood floors. The interior is in mint, move-in ready condition with modern finishes and no visible deferred maintenance.
Situated in the prestigious Ocean Towers on Ocean Avenue, the property offers elite white-glove services including a 24-hour doorman, valet, and a resort-style ocean-view pool deck overlooking Palisades Park.
The residence features luxury upgrades such as custom cabinetry, hardwood flooring, and recessed lighting, providing a sophisticated, move-in-ready aesthetic with a flexible layout for a home office.
Positioned on the 15th floor, the unit boasts panoramic vistas of the mountains and city skyline, complemented by a private balcony that maximizes the natural light and coastal atmosphere.
As a stock cooperative rather than a traditional condominium, the property may face more restrictive financing options and requires a board approval process, which can limit the pool of potential buyers.
The monthly association fee of approximately $977 is relatively high for a one-bedroom unit, significantly increasing the recurring monthly expenses for the owner.
An exquisite 1-bedroom, 1-bathroom sanctuary at an unbelievable value, offering serene, sweeping views of both the majestic mountains and the city skyline. Bathed in glorious natural light, the residence showcases stunning hardwood floors, custom cabinetry, recessed lighting, and luxurious, high-end finishes throughout. The spacious layout provides a flexible footprint for a potential work area, while the private balcony invites you to savor blissful al fresco dining while soaking in the captivating vistas. Storage is thoughtfully integrated into every corner, ensuring a perfect harmony of beauty and practicality.Located within Ocean Towers, Santa Monica's premier full-service building, you'll experience the absolute pinnacle of coastal luxury living. Perched above the iconic 26-acre Palisades Park and overlooking the breathtaking Santa Monica Bay, the building delivers unparalleled white-glove services, including a 24-hour doorman, valet, a sophisticated lobby, fitness center, and a stunning ocean-view deck complete with a pool and spa. All this, just moments from vibrant boutiques, world-class dining, charming cafes, and pristine beaches. Move right in and begin living your dream coastal lifestyle!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 50% |
| Square foot | 868 | 1,236 | 25% |
| Lot Size | 57,750 | 57,750 | 50% |
| Price | $785.0K | $1.34M | 25% |
| Price per sq ft | $904 | $1.0K | 25% |
| Built year | 1971 | 1971 | 50% |
| HOA | $977.33 | $1.3K | 25% |
| Days on market | 3 | 117 | 25% |
Jun 3, 2026
$785,000
Initial Listing