
Santa Monica, California 90405
Analysis of 2663 Centinela Avenue 501, Santa Monica, California 90405 is currently available with a list price of $849,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1981 and offered for the first time in nearly 40 years, the property is significantly dated with original green shag carpeting and 40-year-old finishes. While the listing mentions new appliances, the overall condition and the agent's call to 'reimagine' the space indicate a need for a full interior rehab to address the 43-year-old kitchen and baths.
As a rare top-floor penthouse, this residence features dramatic vaulted ceilings and two private balconies that offer sweeping city and mountain views, providing a sense of scale and light rarely found in standard Santa Monica condos.
The oversized loft includes two distinct rooms and a massive 11' x 16' walk-in attic, offering rare flexibility for a home office, creative studio, or significant additional storage with potential for future expansion.
The property includes highly desirable side-by-side parking near the elevator and a comprehensive HOA package that covers earthquake insurance, water, and access to a pool, spa, and gym.
Offered for the first time in nearly 40 years, the interior is in original condition and will require a full cosmetic renovation to modernize the space and meet contemporary luxury standards.
While the attic offers potential for a roof deck or expanded living area, these improvements are strictly subject to HOA and City approval, which can be a complex and uncertain process.
A rare top-floor penthouse in Sunset Park's Villa Centinela, this townhouse-style condominium offers sweeping city and mountain views, dramatic vaulted ceilings, exceptional volume, and a flexible floor plan unlike the typical Santa Monica condo. First time available in nearly four decades, this approximately 1,417 sqft, 2-bedroom, 2-bath residence is ready for its next chapter and presents a unique opportunity to reimagine one of the building's most distinctive upper-level homes. The main level makes the most of its top-floor position, with vaulted ceilings, large windows and doors, and two private balconies framing city and mountain views. The expansive living room features a brick fireplace, direct balcony access, and open sightlines to the dining area and upper loft. The kitchen includes a dedicated breakfast area, generous cabinetry, new stainless-steel appliances, and impressive ceiling height not typical in a condo kitchen. Both bedrooms offer notable scale and volume. The primary suite features direct access to a second view balcony, along with abundant closet space, and an en-suite bath with dual vanities, separate tub, and shower. A second full bath serves the additional bedroom and main living areas. Upstairs, the oversized loft is a true standout. Unlike the small loft spaces often found in condos, this one runs the width of the residence and includes two distinct rooms, creating incredible flexibility for an office, den, reading area, creative studio, lounge, or additional bonus space. The loft also provides access to a huge walk-in attic (appox 11' x 16'), offering exceptional storage and possible future upside for expanded living space or a roof deck (subject to HOA and City approval). Additional features include two side-by-side parking spaces conveniently located right next to the elevator, in-unit laundry, central heat and air, and extra storage. Villa Centinela is a controlled-access community with a pool, spa, gym, game room/clubhouse, and guest parking. HOA dues are $650/month and include earthquake insurance, water, sewer, and trash. Moments from Ocean Park Blvd, local cafes, shops, parks, and the Westside. For those looking beyond the standard cookie-cutter condo, this penthouse delivers the bones, scale, and outlook to create something special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
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| Built year | 1981 | - | 0% |
| HOA | $650.0 | $0 | 0% |
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May 28, 2026
$849,000
Initial Listing