
Santa Monica, California 90402
This Stunning Move-In Ready Condominium is a Strong Value Opportunity, listed at $2,795,000—positioned well below the $3,007,237 Fair Market Value by 7%. This valuation gap offers $212,237 in Instant Equity. Featuring a High-End Modern Remodel with a gourmet kitchen and three private patios, the property boasts an Excellent Condition Rating. Located near Top-Rated Schools like Franklin Elementary, this residence offers a sophisticated lifestyle for discerning professionals or luxury owner-occupants seeking a turnkey coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Ocean Avenue 111 Subject | $2,795,000* List Price | 2 | 3 | 1,924 | $1,539 | - |
A 515 Ocean Avenue 402n Sold | $3,500,000 | 2 | 3 | 1,865 | $1,877 | 0.2 mi |
B 201 Ocean Avenue 609p Sold | $2,650,000 | 3 | 3 | 1,566 | $1,692 | 0.5 mi |
C 202 San Vicente Boulevard 6 Sold | $2,115,000 | 3 | 3 | 1,609 | $1,314 | 0.4 mi |
D 535 Ocean Avenue 8c Sold | $2,650,000 | 2 | 2 | 1,585 | $1,672 | 0.1 mi |
E 713 9th Street 3 Sold | $2,025,000 | 3 | 3 | 1,582 | $1,280 | 0.6 mi |
F 612 Lincoln Boulevard 3 Active | $2,595,000 List Price | 3 | 3 | 1,920 | $1,352 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been recently remodeled with a modern aesthetic, featuring a gourmet kitchen with white stone counters, top-of-the-line appliances, and updated flooring throughout. The building also features a newly renovated rooftop and high-end amenities, meeting the criteria for a recent high-quality renovation in mint condition.
Elementary School: Franklin Elementary School (9/10).
The unit features a sophisticated, move-in-ready interior with a gourmet kitchen, stone counters, custom wood accents, and a functional den, reflecting a high level of craftsmanship.
Residents benefit from 24/7 concierge services and a spectacular, newly renovated rooftop deck featuring a pool, spa, and BBQ area with panoramic ocean views.
The monthly association fee of $2,609 is significantly high, which may be a deterrent for buyers sensitive to ongoing monthly expenses.
While the building's rooftop offers breathtaking vistas, this specific lower-level unit primarily overlooks its private patios rather than providing direct ocean views from the living areas.
Stunning, remodeled 2 bedroom 2.5 bathroom plus den in approx.1,924 SF. This light filled property has an elegant, modern aesthetic in an inviting floor plan. Plantation shutters throughout. Primary bedroom has three closets & abundant recessed lighting. Dining area features a custom wall of wood. Tall sliding glass doors lead to three spacious patios, complimented by lush landscaping. Walk-in pantry w/sliding wood barn door. Light, bright open gourmet kitchen w/white stone counters, floating shelves & coffered wood ceiling. Top of the line appliances. Upon entering the building's exquisite lobby, one immediately connects with the high quality taste level evidenced by the elegant amenities including a concierge 24/7, state-of-the-art fitness room, banquet room w/catering kitchen. Spectacular completely renovated rooftop with pool, spa, BBQ, expansive entertaining area w/breathtaking ocean views, estimated completion is mid-March. Two side-by-side parking spaces, one w/an electric charger. Indulge in this rare opportunity to live in the sophisticated 701 Ocean Avenue located minutes from the ocean, stylish boutiques, hotels & fine restaurants. Photographs forthcoming.
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 | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,924 | 1,554 | 83% |
| Lot Size | 41,952 | 38,619 | 57% |
| Price | $2.79M | $2.10M | 74% |
| Price per sq ft | $1.5K | $1.4K | 57% |
| Built year | 1993 | 1971 | 87% |
| HOA | $2609.0 | $2.1K | 83% |
| Days on market | 50 | 190 | 13% |
Apr 27, 2026
$2,795,000
Initial Listing