
Santa Monica, California 90405
This High-Potential Investment Opportunity is listed at $699,000, positioned slightly above the $673,804 Fair Market Value. While not a discount purchase, the property offers rare two-car deeded parking and a top-floor location in the heart of Ocean Park. With a Condition Rating of 4, the unit is functional but primed for cosmetic modernization to drive appreciation. The inclusion of a private patio, pool, and spa enhances its appeal. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2045 4th Street 301b Subject | $699,000* List Price | 1 | 1 | 699 | $964 | - |
A 2311 4th Street 205 Sold | $649,000 | 1 | 1 | 662 | $980 | 0.1 mi |
B 2431 3rd Street 10 Sold | $710,000 | 1 | 1 | 641 | $1,108 | 0.3 mi |
C 2510 4th Street A Sold | $866,000 | 2 | 1 | 899 | $963 | 0.3 mi |
D 2641 4th Street 6 Active | $775,000 List Price | 1 | 1 | 762 | $1,017 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, the unit is well-maintained but dated. The kitchen and bathroom feature cabinetry and fixtures that appear to be over 20 years old. While functional and move-in ready, the property requires cosmetic updates such as new flooring and modernized cabinetry to meet current market standards.
Situated in the heart of Ocean Park, this property offers exceptional walkability to the beach, Main Street's vibrant dining scene, and the Sunday Farmers Market, epitomizing the Santa Monica lifestyle.
The inclusion of two deeded, separate parking spaces is a significant and rare advantage for a one-bedroom unit in this area, providing substantial added value and convenience.
Positioned on the top floor with no neighbors above, the unit offers a quiet and private atmosphere featuring treetop views and abundant natural light that is difficult to find in high-density complexes.
The reliance on community laundry facilities rather than having an in-unit washer and dryer may be a deterrent for buyers prioritizing modern convenience.
Built in 1969, the property may lack the modern architectural features and energy-efficient systems found in newer developments, potentially requiring future capital improvements.
Welcome to 2045 4th Street, Unit 301B at Pacific Bay Towers, a top-floor 1-bedroom, 1-bathroom residence in the heart of Ocean Park, Santa Monica, just blocks from the beach. This light-filled condo sits on the top floor with treetop views and no neighbors above, offering a quiet, private atmosphere that's rare in a complex of this size. The functional floor plan features two walk-in closets, a large private patio with sliding glass doors, and large windows affording abundant natural light throughout. What further sets this unit apart is the parking: two deeded, separate spaces in the secure underground garage, one of the few units in the complex with this advantage. A private storage locker is also included. Residents enjoy a well-maintained pool, spa, and courtyard, secure bike and surfboard storage in the garage, community laundry with newer machines and app-based payment, and a rooftop observation deck one floor up with partial ocean and mountain views. HOA dues of $550/month cover gas, water, gardening, pool maintenance, and building-level insurance, including earthquake, making the monthly cost more inclusive than it appears at first glance. Moments from Main Street's shops, cafes, and restaurants, a short distance to the sand and the Sunday Farmers Market, easy access to Ocean View Park's tennis courts and beachside paths, and a quick bike ride to Abbot Kinney, Rose Avenue, and Venice's best dining. The Expo Line is nearby for car-free commuting; this is Ocean Park living at its most connected, close to almost everything, with easy access to the rest.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 17% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 699 | 1,404 | 15% |
| Lot Size | 55,231 | 12,003 | 80% |
| Price | $699.0K | $1.23M | 15% |
| Price per sq ft | $1.0K | $980 | 54% |
| Built year | 1969 | 1980 | 27% |
| HOA | $550.0 | $595 | 49% |
| Days on market | 24 | 157 | 2% |
May 22, 2026
$699,000
Initial Listing
Jul 17, 2020
$655,000
Public Record
Apr 14, 2010
$470,000
Public Record
Aug 21, 2007
$535,000
Public Record
Nov 29, 2004
$446,500
Public Record