201 Ocean Avenue 1506p, Santa Monica, California 90402, Santa Monica, 90402 - 4 bed, 4 bath
ACTIVE$11,950,000
201 Ocean Avenue 1506p, Santa Monica, California 90402
4Beds
4Baths
4,538Sqft
38,608Lot
Year Built
1971
Close
-
List price
$11.95M
Original List price
$14M
Price/Sqft
$2,633
HOA
$1,400
Days on market
-
Sold On
-
MLS number
25484549
Home ConditionFair
Features
Excellent View: City Lights, Coastline, Mountain(s), Water
Pool
Spa
ViewCity Lights,Coastline,Mountain(s),Water
About this home
We found 2 Cons,3 Pros. Rank: price - $11.95M(93th), sqft - 4538(93th), beds - 4(93th), baths - 4(93th).
Located on the 15th floor of the Pacific Palisades side in Ocean Towers is this RARE opportunity to start the remodel of FOUR combined units of 4,538 sq ft altogether, In one of the most iconic buildings on Ocean Ave with unobstructed jetliner views of the world famous Santa Monica pier all the way to Malibu, Mastered room with DTLA Views. Enjoy all the amenities of a FULL-SERVICE LUXURY CO-OP BUILDING WITH 24hr VALET, CONCIERGE, GYM, MEETING FACILITIES, POOL & SPA. the Unit is being sold As-Is with plans and permits.
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
Price History
Date
Event
Price
09/08/20
Sold
$1,800,000
10/28/10
Sold
$2,300,000
Condition Rating
Fair
The property was built in 1971 and is being sold 'As-Is' with plans and permits for a remodel. The images show the unit in its pre-remodel state. While the building offers luxury amenities, the unit itself requires significant updates, especially in the kitchen and bathrooms. The age of the property and the need for renovation place it in the 'fair' condition category.
Pros & Cons
Pros
Unobstructed Views: The property boasts unobstructed jetliner views of the Santa Monica pier, coastline, and city lights, enhancing its desirability and market value.
Luxury Building Amenities: Residents benefit from full-service luxury co-op amenities, including 24-hour valet, concierge, gym, meeting facilities, pool, and spa.
Large Square Footage: With 4,538 sq ft, the combined units offer a substantial living space, providing ample room for customization and comfortable living.
Cons
As-Is Condition: The property is being sold in 'As-Is' condition, potentially requiring significant investment for remodeling and upgrades.
Remodel Required: The unit requires a full remodel, which may deter buyers seeking a move-in ready property, despite the existing plans and permits.