235 Ocean Park Boulevard 1, Santa Monica, California 90405, Santa Monica, 90405 - 3 bed, 3 bath

235 Ocean Park Boulevard 1
Santa Monica, California 90405
Property Price
SUMMARY
Analysis of 235 Ocean Park Boulevard 1, Santa Monica, California 90405 is currently available with a list price of $2,599,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this property falls within the 10-20 year age bracket for a 'good' rating. The home is move-in ready and features high-end architectural finishes such as Bianco Romana granite, custom wood veneer cabinetry, and Italian Statuarieta stone in the bathrooms. The kitchen is equipped with premium stainless steel appliances and the bathrooms feature luxury Dornbracht fixtures. While the property is approximately 20 years old, it has been exceptionally well-maintained with no visible deferred maintenance, though it lacks the 'newly built' or 'fully renovated within 5 years' status required for an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Significance
Designed by renowned architect Michael Folonis, this home features a dramatic three-story atrium and soaring ceiling heights up to 20 feet, offering a unique and grand aesthetic.
- Prime Coastal Location
Situated in the highly desirable Ocean Park neighborhood of Santa Monica, the property is just moments from the beach, high-end boutiques, and popular dining destinations.
- Abundant Natural Light
Positioned at the front of the building with glass on three sides and floor-to-ceiling windows, the residence is flooded with natural light and refreshing ocean breezes.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $904 is relatively high for a small three-unit building, which may deter budget-conscious buyers.
- Vertical Layout
The multi-level design with a three-story staircase and mezzanine may be less appealing to buyers seeking a more accessible or single-level living arrangement.
- Market Positioning
A recent price reduction and the inclusion of a seller rate buy-down offer suggest the property may be facing challenges in the current high-interest-rate environment.
About 235 Ocean Park Boulevard 1
Seller offers a rate buy down to qualified buyer. Located in an architecturally significant building in Ocean Park designed by Michael Folonis, this residence sits in one of the Westside's most desirable neighborhoods. Just moments from the ocean, shops, restaurants, and cafes, it offers the perfect balance of relaxed coastal living and urban convenience. Positioned at the front of a rare three-unit building, the home features glass on three sides, filling the interiors with natural light and refreshing ocean breezes. A dramatic three-story atrium and staircase accentuate the sense of openness. Ceiling heights ranging between 8 and 20 feet create an atmosphere that is at once warm and grand, tied together with thoughtful architectural details. The main living area features floor-to-ceiling glass walls with views stretching toward the ocean, complemented by a balcony ideal for enjoying coastal breezes. The open kitchen and dining area are designed for entertaining, finished with Bianco Romana granite stone, custom wood veneer cabinetry, soaring ceilings, and a clerestory window that floods the space with light. A full bathroom on the main level adds convenience for guests. On the lower level, the spacious primary suite offers Claro Walnut wood veneer closets on two sides and direct access to a private patio enclosed in frosted glass for privacy. The ensuite bathroom showcases Italian Statuarieta stone, dual sinks, a frameless glass waterfall shower with dual Dornbracht fixtures, and sleek finishes throughout. Two additional bedrooms, each generously sized, share a full bathroom also finished in Statuarieta stone. One bedroom includes private outdoor space. Above the main living level, a mezzanine provides the perfect home office or lounge, leading to a private rooftop deck with treetop, neighborhood, and ocean views. This is an exceptional space for year-round entertaining. Additional features include in-unit laundry, secure private access, and two side-by-side parking spaces in a gated underground garage. This is a rare opportunity to live in an architecturally significant residence in the heart of Santa Monica, designed for the most discerning buyer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 6,571 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $904.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 73% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,904 | 1,390 | 85% |
| Lot Size | 6,571 | 11,990 | 21% |
| Price | $2.60M | $1.21M | 94% |
| Price per sq ft | $1.4K | $1.0K | 91% |
| Built year | 2005 | 1977 | 91% |
| HOA | $904.0 | $620 | 73% |
| Days on market | 59 | 175 | 12% |
Pricing History
Listed for Sale
Feb 13, 2026
$2,599,000
$2,645,000
-2% Price Drop
Initial Listing
Price Change
Jan 6, 2026
$2,645,000
Initial Listing
Sold
Sep 27, 2017
$2,295,000
Public Record
Sold
Nov 7, 2012
$1,250,000
Public Record
Sold
Jul 6, 2006
$1,550,000
Public Record
































