515 Ocean Avenue 706s, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath

515 Ocean Avenue 706s, Santa Monica, California 90402 home-pic-0

515 Ocean Avenue 706s

Santa Monica, California 90402

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,490Sq Ft
67,427Lot Size

Property Price

LIST PRICE$3,895,000

SUMMARY

Analysis of 515 Ocean Avenue 706s, Santa Monica, California 90402 is currently available with a list price of $3,895,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property is a fully reimagined designer residence that has undergone an extensive high-end renovation. It features premium materials such as French white oak flooring and custom Italian cabinetry, alongside top-of-the-line Miele appliances and a Control4 smart home system. The bathrooms are spa-inspired with marble finishes and Toto bidets, and the installation of Fleetwood floor-to-ceiling doors indicates a complete modernization that meets the highest current quality standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Coastal Location & Views

    Situated in the prestigious North of Montana enclave on Ocean Avenue, this residence offers unobstructed ocean and mountain views directly across from Palisades Park, providing an elite coastal lifestyle.

  • Ultra-Luxury Designer Finishes

    The home features a complete high-end reimagining with Miele appliances, custom Italian cabinetry, Fleetwood floor-to-ceiling doors, and a comprehensive Control4 smart home system for modern convenience.

  • Comprehensive Building Amenities

    Residents benefit from a full-service lifestyle including 24-hour concierge, valet parking, a fitness center, pool, spa, and dedicated EV charging stations in a secure environment.

CONSRISKS & DEFICIENCIES

  • Ongoing Building Construction

    The building is currently undergoing earthquake retrofitting and various upgrades, which may result in temporary noise, dust, or restricted access to certain common areas during the project.

  • High Monthly Carrying Costs

    At $1,950 per month, the association fees are substantial, which may impact the overall affordability and investment yield for some buyers compared to other luxury units.

About 515 Ocean Avenue 706s

Elevated Coastal Living | 515 Ocean Avenue, Residence 706S | Santa Monica Discover refined coastal luxury in this fully reimagined designer residence on iconic Ocean Avenue, ideally situated in Santa Monica's coveted North of Montana enclave directly across from Palisades Park. Enjoy sweeping ocean and mountain views along with effortless walkability to the city's premier dining, shopping, and beaches. Thoughtfully curated with exceptional craftsmanship and high-end finishes, the home features custom Italian cabinetry, French white oak flooring, electronic shades, and a comprehensive Control4 smart home system. The chef's kitchen is equipped with top-tier Miele appliances including an induction cooktop, steam and conventional ovens alongside a Galley sink and Dornbracht fixtures, seamlessly integrated into a clean, modern aesthetic.Fleetwood floor-to-ceiling doors bathe the interiors in natural light and open to a private balcony accessible from the living room, second bedroom/office, and primary suite creating a seamless indoor-outdoor flow.The primary suite offers dual custom Italian closets, direct balcony access, and a spa-inspired marble bath with an oversized shower, custom vanity, and Toto bidets in both bathrooms. The second bedroom, currently styled as an office, is positioned across from a beautifully appointed bath featuring a deep soaking tub.Additional amenities include two garage parking spaces with EV charging, in-unit laundry, secure storage, and access to full-service building offerings: 24-hour concierge, valet, fitness center, pool, spa, and security. Earthquake retrofitting and building upgrades are in progress, with all current assessments paid in full (buyer to verify). A rare opportunity to own an exceptional coastal residence in one of Santa Monica's most sought-after locations.

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
$1950.0 / Month

Neighborhood Insights

Santa Monica Unified Schools

Roosevelt Elementary School

Grades K-5 • 0.6 mi

8/10

Lincoln Middle School

Grades 6-8 • 1.2 mi

8/10

Santa Monica High School

Grades 9-12 • 1.7 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,4901,536
50%
Lot Size67,42732,778
78%
Price$3.90M$2.07M
83%
Price per sq ft$2.6K$1.4K
94%
Built year19761975
56%
HOA$1950.0$1.7K
56%
Days on market10185
6%

Pricing History

Listed for Sale

Feb 24, 2026

$3,895,000

Initial Listing

Sold

Jun 2, 2017

$2,130,000

Public Record

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