603 Ocean Avenue 2a, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath
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Santa Monica, California 90402
This Exclusive Luxury Condominium is a Prime Investment Opportunity, with a List Price of $4,995,000—positioned well below the $5,242,006 Fair Market Value by 4%. This valuation gap provides $247,006 in Instant Equity. Boasting a Move-in Ready Condition Rating, the residence offers nearly 2,700 sqft of living space, an updated kitchen, and a private two-car garage. Located on prestigious Ocean Avenue near top-rated Franklin Elementary (9/10) and Lincoln Middle (8/10), it features a newly upgraded pool and spa. Ideal acquisition for Owner-Occupants or Luxury Lifestyle Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 603 Ocean Avenue 2a Subject | $4,795,000* List Price | 3 | 3 | 2,694 | $1,854 | - |
A 603 Ocean Avenue 1east Sold | $4,800,000 | 3 | 3 | 2,474 | $1,940 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and exceptionally well-maintained. Although built in 1996, the kitchen has been updated with high-end stainless steel appliances and stone countertops. The interior features quality hardwood floors, recessed lighting, and a luxury primary bathroom with a soaking tub. The building's common areas and amenities have also been recently upgraded, ensuring major systems and aesthetics meet high luxury standards.
Elementary School: Franklin Elementary School (9/10).
Situated on the prestigious Ocean Avenue, this property offers an exclusive lifestyle with immediate access to the Santa Monica bluffs, Montana Avenue boutiques, and world-class dining.
With nearly 2,700 square feet of living space, high ceilings, and a private two-car garage, this residence provides the privacy and volume of a detached home combined with luxury condo conveniences.
The monthly association fee of $4,700 is exceptionally high, which may be a deterrent for buyers sensitive to ongoing non-equity expenses.
Although located on Ocean Avenue, this specific unit is positioned to face the trees of Alta Avenue rather than providing the direct, unobstructed panoramic ocean views often expected at this price point.
Located on prime Ocean Avenue, El Tovar by the Sea continues to be one of the most exclusive addresses in Santa Monica. A triumph of Classical Mediterranean architecture, this coveted mid-rise was meticulously designed as 22 residences, each one to feel like a single family home, but with all of the amenities of a full-service luxury building. Two West is aptly positioned to face the lush trees of Alta Avenue, with a large covered patio for indoor/outdoor living complete with ocean breeze. Beautifully maintained, this 3 Bedroom, 2 1/2 bath unit boasts high ceilings, formal living and dining, eat-in kitchen, primary suite with dual walk-in closets and large bath with soaking tub. The building features stunning newly upgraded pool and spa, fully equipped indoor gym, security and two car private garage. Just blocks from the shops and restaurants on Montana Avenue and sunsets on the bluffs overlooking the Pacific. Don't miss this opportunity to enjoy iconic California living at it's best.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades PK-5 • 1.7 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 61% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 2,694 | 1,583.5 | 89% |
| Lot Size | 26,948 | 32,778 | 50% |
| Price | $4.79M | $2.13M | 83% |
| Price per sq ft | $1.8K | $1.4K | 72% |
| Built year | 1996 | 1976 | 89% |
| HOA | $4700.0 | $2.2K | 94% |
| Days on market | 51 | 206 | 11% |
Apr 16, 2026
$4,795,000
$4,995,000
-4% Price Drop
Initial Listing
Mar 2, 2026
$4,995,000
Initial Listing