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201 Ocean Avenue 1706p, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath

201 Ocean Avenue 1706p, Santa Monica, California 90402 home-pic-0
ACTIVE$2,499,000
201 Ocean Avenue 1706p, Santa Monica, California 90402
3Beds
3Baths
1,744Sqft
38,619Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unrivaled Panoramic Views: Boasts spectacular, unobstructed panoramic coastal views from Palos Verdes to Point Dume Malibu, enhancing its luxury appeal and value.
Top Cons:
Requires Significant Renovation: Built in 1971, the unit's description of 'endless potential' suggests it requires substantial modernization and renovation to meet contemporary luxury standards.

Compared to the nearby listings

Price:$2.50M vs avg $1.52M (+$976,500)79%
Size:1,744 sqft vs avg 1,222 sqft79%
Price/sqft:$1.4K vs avg $1.3K64%

More Insights

Built in 1971 (54 years old).
Condition: The property was built in 1971, making it 53 years old. The description explicitly states it has 'endless potential just waiting for the right buyer to come in' and to 'build out your dreams,' which strongly indicates it requires substantial renovation and rehabilitation to meet modern luxury standards. While one bathroom appears updated with contemporary fixtures, the overall unit, particularly the kitchen (which is not shown in actual photos, implying it's likely original or very dated), and the general finishes (dark wood flooring in an empty room, contrasting with misleading staged photos), suggest a significant investment is needed beyond the purchase price. It is not a 'tear-down' as it's livable, but it's far from move-in ready for a luxury market.
Year Built
1971
Close
-
List price
$2.5M
Original List price
$3M
Price/Sqft
$1,433
HOA
$3,181
Days on market
-
Sold On
-
MLS number
25548409
Home ConditionPoor
Features
Excellent View: Bluff, Catalina, Coastline, Hills, Mountain(s), Ocean, Panoramic, Rocks, Trees/Woods, Water
Deck
ViewBluff, Catalina, Coastline, Hills, Mountain(s), Ocean, Panoramic, Rocks, Trees/Woods, Water

About this home

Live out your dreams in the coveted Ocean Towers at 201 Ocean Avenue like never before in this oversized residence combining 2 units into one exceptional living space. Featuring an expansive open floor plan with wall-to-wall glass throughout the living and dining areas that open to a spectacular terrace which runs the length of the living area, this 17th-floor unit showcases unobstructed panoramic coastal views from Palos Verdes and the Santa Monica Pier to Point Dume Malibu. This unit has endless potential just waiting for the right buyer to come in. This gorgeous 3 bed, 3 bathroom unit boasts two en suite primary bedrooms on each wing of the unit with an additional bedroom /office and bathroom. 3 car parking is a rarity in this prime location. Situated in a full-service building with concierge, valet, security, gym, and pool, this distinguished residence offers easy access to Westside LA's finest from Brentwood to Santa Monica, steps from lively Ocean Avenue, and the entire coastline via Pacific Coast Highway. This opportunity doesn't come around often build out your dreams at Ocean Towers today.

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
Poor
The property was built in 1971, making it 53 years old. The description explicitly states it has 'endless potential just waiting for the right buyer to come in' and to 'build out your dreams,' which strongly indicates it requires substantial renovation and rehabilitation to meet modern luxury standards. While one bathroom appears updated with contemporary fixtures, the overall unit, particularly the kitchen (which is not shown in actual photos, implying it's likely original or very dated), and the general finishes (dark wood flooring in an empty room, contrasting with misleading staged photos), suggest a significant investment is needed beyond the purchase price. It is not a 'tear-down' as it's livable, but it's far from move-in ready for a luxury market.
Pros & Cons

Pros

Unrivaled Panoramic Views: Boasts spectacular, unobstructed panoramic coastal views from Palos Verdes to Point Dume Malibu, enhancing its luxury appeal and value.
Prime Ocean Avenue Location: Situated on coveted Ocean Avenue in Santa Monica, offering unparalleled access to the beach, pier, and Westside LA's finest amenities.
Full-Service Luxury Building: Residents benefit from comprehensive amenities including concierge, valet, 24/7 security, a gym, and a pool, providing a resort-like living experience.
Rare 3-Car Parking: The inclusion of three dedicated parking spaces is an exceptional and highly sought-after amenity in this dense, prime coastal location.
Expansive Combined Unit: An oversized residence created by combining two units, offering an expansive open floor plan and flexible living spaces, including two en-suite primary bedrooms.

Cons

Requires Significant Renovation: Built in 1971, the unit's description of 'endless potential' suggests it requires substantial modernization and renovation to meet contemporary luxury standards.
High Monthly Association Fees: The monthly HOA fee of $3,181 is exceptionally high, representing a significant ongoing cost for potential buyers.
Recent Price Reduction: A notable price reduction from $2.999M to $2.499M indicates potential challenges in market reception or initial overpricing, possibly due to the unit's current condition.

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