
Santa Monica, California 90405
This Ocean-View Coastal Condominium is a Prime Investment Opportunity, listed at $1,200,000—positioned well below the $1,236,659 Fair Market Value by 2%. This valuation gap offers $36,659 in Instant Equity for buyers. Maintaining a Good Condition Rating, the residence features wood laminate flooring, a Nest thermostat, and breathtaking Pacific views from a private balcony. Located in the prestigious Sea Colony II within the Santa Monica-Malibu Unified School District, residents enjoy 24-hour guard-gated security and resort-style amenities. It is a perfect match for Coastal Lifestyle Seekers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2930 Neilson Way 406 Subject | $1,200,000* List Price | 2 | 2 | 1,352 | $915 | - |
A 2930 Neilson Way 407 Sold | $1,255,000 | 2 | 2 | 1,352 | $928 | 0.0 mi |
B 737 Pier Avenue 1 Sold | $1,300,000 | 2 | 3 | 1,427 | $911 | 0.6 mi |
C 150 Ocean Park 520 Sold | $1,438,000 | 2 | 2 | 1,427 | $1,008 | 0.3 mi |
D 631 Strand Street 4 Sold | $1,199,000 | 2 | 3 | 1,328 | $903 | 0.7 mi |
E 3002 3rd Street 311 Sold | $1,532,000 | 2 | 3 | 1,470 | $1,042 | 0.2 mi |
F 2817 3rd Street 4 Sold | $1,025,000 | 2 | 2 | 1,060 | $967 | 0.2 mi |
G 2940 Neilson Way 305 Active | $1,365,000 List Price | 2 | 2 | 1,352 | $1,010 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained, fitting the 'Good' criteria. While originally built in 1980, the unit features several key updates including wood laminate flooring throughout, stone countertops in the kitchen, and a modernized primary bathroom with a frameless glass shower and large soaking tub. The kitchen includes functional white GE appliances and a Nest thermostat has been installed for the HVAC system. Although some elements like the kitchen's fluorescent light box and white appliances are stylistically dated, the overall condition shows minimal wear and tear with no immediate need for renovation.
Situated in the prestigious Sea Colony II beachfront community, this unit offers breathtaking ocean views from both the living area and the private balcony.
Residents benefit from 24-hour guard-gated security, a year-round heated saltwater pool, three spas, a gym, and convenient onsite EV charging stations.
The property includes two highly desirable side-by-side parking spaces located immediately adjacent to the lobby entrance for effortless access.
The association fee is $1,685 per month, which represents a significant recurring expense that may impact the budget of some buyers.
Built in 1980 and marketed as an opportunity to remodel, the interior may require additional investment to bring it up to contemporary luxury standards.
Fabulous, bright and spacious single-level two-bedroom two baths with wonderful ocean views from both the living room and the balcony. This wider floor-plan opens the space in the highly sought-after prestigious Sea Colony II: a 24-hour guard-gated beachfront community in Santa Monica. Directly across the street from the sand, offering an ideal blending of comfort, convenience, and coastal living. The best two side-by-side parking spaces on the upper level, positioned next to the lobby entrance for effortless access. From the lobby, take the elevator to the fourth floor where stunning ocean views greet you as you approach the home. The designated storage locker provides additional space for bicycles and other items. Interior features include wood laminate flooring, Nest thermostat for the central heating/ac, plus in-unit laundry. A charming breakfast nook offers flexibility as a home office or a cozy dining. The balcony is accessible from both the living room and the primary bedroom, creating a perfect place to unwind while enjoying fresh air and breathtaking ocean views. Enjoy the resort style amenities: the saltwater pool heated.year-round, three spas, a fully equipped 24-hour gym, recreation room with kitchen that opens to the pool and outdoor barbecue area, and men's and women's locker rooms with dry saunas. Additional conveniences include ample guest parking, EV charging stations, grocery carts in the garage for transporting items, onsite management, and access to the public tennis courts located next door. Great opportunity to purchase this valuable underpriced unit. Move in or remodel if you choose, but remember the value, pricing, appreciation, and investment is based on the ocean view and location. A perfect place to call home. Small pets are welcome. Offers will be presented upon receipt. Don't wait
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,352 | 1,389.5 | 50% |
| Lot Size | 134,148 | 14,701.5 | 79% |
| Price | $1.20M | $1.23M | 47% |
| Price per sq ft | $888 | $1.0K | 24% |
| Built year | 1980 | 1977 | 53% |
| HOA | $1685.0 | $635 | 97% |
| Days on market | 6 | 202 | 3% |
Apr 16, 2026
$1,200,000
Initial Listing
Oct 2, 1996
$260,000
Public Record