535 Ocean Avenue 8a, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 2 bath
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Santa Monica, California 90402
This Condominium represents a High-Potential Investment Opportunity, listed at $2,900,000—positioned above the $2,753,534 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a well-maintained but dated interior, offering a prime canvas for value-add renovations. The unit features 180-degree ocean views and a wrap-around balcony in a building designed by A. Quincy Jones. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prestigious Santa Monica address with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 535 Ocean Avenue 8a Subject | $2,900,000* List Price | 3 | 2 | 1,781 | $1,549 | - |
A 535 Ocean Avenue 5c Sold | $2,265,000 | 2 | 2 | 1,585 | $1,429 | 0.0 mi |
B 515 Ocean Avenue 504n Sold | $2,100,000 | 2 | 2 | 1,490 | $1,409 | 0.0 mi |
C 515 Ocean Avenue 402n Sold | $3,500,000 | 2 | 3 | 1,865 | $1,877 | 0.0 mi |
D 101 Ocean Avenue F402 Pending | $2,350,000 List Price | 2 | 2 | 1,385 | $1,697 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the unit is well-maintained but dated. The kitchen features older wood cabinetry and blue tile work likely from a 20+ year old renovation. Interior finishes include dated acoustic ceiling tiles and older carpeting that require modernization to meet current luxury standards.
The 8th-floor front-facing position provides breathtaking 180-degree views of the Pacific Ocean and Palisades Park, maximized by floor-to-ceiling glass doors and a wrap-around balcony.
Designed by renowned architect A. Quincy Jones, the Oceanaire offers a prestigious living experience with 24-hour doorman service, a fitness facility, and a tranquil Zen garden.
Situated on prestigious Ocean Avenue, the residence is within walking distance of the Third Street Promenade, Montana Avenue boutiques, and world-class dining.
The monthly association fee of $2,350 is substantial, which may be a deterrent for budget-conscious buyers or those looking for lower overhead.
Built in 1963, the property may require more frequent maintenance or lack the modern energy-efficient infrastructure found in newer luxury constructions.
Just imaginebreathtaking 180-degree ocean and sandy beach views from this 3 bedroom front-facing condominium unit in the prestigious Oceanaire at 535 Ocean Avenue in Santa Monica. Located on the 8th floor of this exceptional building, designed by renowned architect A. Quincy Jones, you will appreciate the floor-to-ceiling sliding glass doors that open to a wrap-around balcony facing Palisades Park and the Pacific Ocean. The gracious sized living and dining room areas invite entertaining and the cook's kitchen with 2 full size ovens, microwave and separate warming drawer makes it easy to accommodate your guests. Residents of Oceanaire are welcomed by an elegant lobby with 24-hour doorman service and enjoy an array of upscale amenities including fitness facility, conference room, and a tranquil Zen Garden with fire pit. Situated in a prime Santa Monica location on Ocean Avenue, this residence is just moments from the Third Street Promenade, renowned restaurants and the many boutiques and dining spots on Montana Avenue.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,781 | 1,346 |
| Lot Size | 22,468 | 7,869 |
| Price | $2.90M | $1.33M |
| Price per sq ft | $1.6K | $977 |
| Built year | 1963 | 1978 |
| HOA | $2350.0 | $500 |
| Days on market | 35 | 57 |
Jun 17, 2026
$2,900,000
Initial Listing