515 Ocean Avenue 503s, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath
515 Ocean Avenue 503s
Santa Monica, California 90402
Property Price
SUMMARY
Analysis of 515 Ocean Avenue 503s, Santa Monica, California 90402 is currently available with a list price of $1,595,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1976 and owned by the same family for over 45 years, the property is well-maintained but largely original in style. While it has been refreshed with new carpet and paint, the kitchen and bathrooms appear dated and do not meet modern luxury standards. The listing is explicitly marketed as a 'clean canvas' for customization, fitting the criteria for a functional but outdated home requiring updates.
PROSSTRENGTHS & OPPORTUNITIES
CONSRISKS & DEFICIENCIES
About 515 Ocean Avenue 503s
Welcome to an exceptional opportunity on Ocean Avenue in prime Santa Monica. This light-filled 2 bedroom, 2 bath residence offers just under 1,500 square feet of living space, partial ocean views, and a private balcony accessible from every room that invites in fresh coastal breezes. Owned by the same family for over 45 years, the unit has been freshly painted and newly carpeted, providing a clean canvas to design your ideal home by the beach.Located in the coveted Park Plaza, the building offers 24-hour security, pool, spa, fitness center, and conference room, creating a true full-service living experience. Moments from the Santa Monica Pier, Montana Avenue, Venice, top Los Angeles restaurants, neighborhood coffee spots, and everything that defines the best of Westside living. Bright and airy, this is Santa Monica living at its finest and a rare opportunity to create something truly custom by the ocean, just in time for summer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- 67,427 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2064.0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.6 mi
Lincoln Middle School
Grades 6-8 • 1.2 mi
Santa Monica High School
Grades 9-12 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,490 | 1,536 | 50% |
| Lot Size | 67,427 | 32,778 | 78% |
| Price | $1.59M | $1.91M | 44% |
| Price per sq ft | $1.1K | $1.3K | 28% |
| Built year | 1976 | 1975 | 56% |
| HOA | $2064.0 | $1.7K | 61% |
| Days on market | 11 | 185 | 6% |
Pricing History
Listed for Sale
Feb 23, 2026
$1,595,000
Initial Listing