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

515 Ocean Avenue 706s
Santa Monica, California 90402
Property Price
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
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
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 | $3.90M | $2.07M | 83% |
| Price per sq ft | $2.6K | $1.4K | 94% |
| Built year | 1976 | 1975 | 56% |
| HOA | $1950.0 | $1.7K | 56% |
| Days on market | 10 | 185 | 6% |
Pricing History
Listed for Sale
Feb 24, 2026
$3,895,000
Initial Listing
Sold
Jun 2, 2017
$2,130,000
Public Record

































