201 Ocean Avenue 1705p, Santa Monica, California 90402, Santa Monica, 90402 - 1 bed, 1 bath
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Santa Monica, California 90402
This Value-Add Luxury Condo is listed at $885,000, positioned slightly above the $845,178 Fair Market Value. Located in the prestigious Ocean Towers, the unit holds a Fair Condition Rating as a "mostly original" 17th-floor space, presenting a clear path for forced appreciation through modernization. The residence features Mountain Views, wood flooring, and access to Resort-Style Amenities including a pool, spa, and 24-hour concierge. Proximity to Top-Rated Schools like Roosevelt Elementary and Lincoln Middle ensures long-term asset stability. This is an ideal project for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 Ocean Avenue 1705p Subject | $885,000* List Price | 1 | 1 | 868 | $974 | - |
A 201 Ocean Avenue 1105b Active | $799,999 List Price | 1 | 1 | 868 | $922 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1971, is described as 'mostly original' and the images confirm this for key areas. While the unit is clean and features well-maintained wood flooring, the kitchen, despite having stainless steel appliances, has dated white flat-panel cabinetry, laminate countertops, and tile flooring that appear to be 15-30 years old. The bathroom is functional and clean with some updated fixtures (like the toilet), but the vanity and tub/shower style are also dated. The unit is move-in ready but requires significant cosmetic updates to meet current quality and style standards, aligning with the 'Fair' condition criteria.
Situated in Santa Monica's premier oceanfront residence, adjacent to the iconic Santa Monica Beach and Palisades Park, offering unparalleled access to coastal living and vibrant urban amenities.
Residents enjoy a comprehensive suite of high-end amenities including a state-of-the-art fitness center with sauna, pool and spa, 24-hour concierge and security, valet parking, and optional maid service.
Perched on the 17th floor, the unit boasts stunning and quiet views of the Santa Monica Mountains, providing a serene backdrop.
Described as a 'mostly original' unit, indicating that while the kitchen has updates, other areas may require significant renovation or modernization to meet contemporary luxury standards, incurring additional buyer costs.
The substantial monthly association fee of $1261.0 adds a significant ongoing cost to ownership, which may impact affordability and buyer interest.
Despite being in an 'oceanfront residence,' the unit is 'back facing' and offers mountain views, meaning it lacks direct views of the Pacific Ocean, which is often a primary expectation for properties in this location.
Welcome to Santa Monica's best oceanfront residence adjacent to the iconic Santa Monica Beach and Palisades Park. This is a mostly original 17th floor quiet, back facing unit with stunning views of the Santa Monica Mountains. Offering not just a home but a lifestyle experience, this unit blends resort-style amenities with urban living. Enjoy beautiful Santa Monica Mountain Views from this 17th floor unit. With exclusive features like a state-of-the-art fitness center with sauna, a pool and spa, 24-hour concierge and security, valet parking, and optional maid service, convenience and luxury are at your fingertips. Situated steps away from Santa Monica's finest dining on Montana Avenue, Third Street Promenade, and Ocean Avenue, culinary adventures await you. The unit itself boasts a spacious open-concept floor plan perfect for entertaining, wood flooring, and balcony. Your kitchen comes fitted with stainless steel appliances and custom cabinetry. Seize this opportunity to live your dream Santa Monica lifestyle at Ocean Towers, a statement of who you are, awaiting your arrival.
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 | 17% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 868 | 1,568 | 11% |
| Lot Size | 38,619 | 38,613.5 | 50% |
| Price | $885.0K | $2.11M | 11% |
| Price per sq ft | $1.0K | $1.4K | 11% |
| Built year | 1971 | 1976 | 44% |
| HOA | $1261.0 | $2.2K | 28% |
| Days on market | 98 | 206 | 22% |
Jan 14, 2026
$885,000
Initial Listing