701 Ocean Avenue 309, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath
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Santa Monica, California 90402
This Turnkey Coastal Residence is a High-Potential Investment Opportunity, listed at $5,999,000—positioned well below the $6,991,251 Fair Market Value by 14%. This valuation gap offers $992,251 in Instant Equity. Featuring a Condition Rating of 2, this double-unit home offers a chef's kitchen, four parking spaces, and a rooftop pool/spa. Located in the Santa Monica-Malibu Unified district near Franklin Elementary, it is an ideal sanctuary for Luxury Homebuyers or Owner-Occupants seeking a sophisticated, move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Ocean Avenue 309 Subject | $5,999,000* List Price | 3 | 3 | 3,150 | $2,219 | - |
A 101 Ocean Avenue B200 Sold | $7,000,000 | 3 | 3 | 2,920 | $2,397 | 0.5 mi |
B 603 Ocean Avenue 2a Active | $4,795,000 List Price | 3 | 3 | 2,694 | $1,780 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a completely renovated, turnkey residence that has been 'thoughtfully reimagined.' It features a modern chef's kitchen with premium Sub-Zero and Wolf appliances, updated spa-inspired bathrooms, and high-end finishes like wide-plank wood flooring and recessed lighting throughout. The renovation appears to be very recent (well within the <5 year criteria), and the inclusion of modern systems like EV chargers and integrated speakers confirms its mint condition.
Elementary School: Franklin Elementary School (9/10).
As a rare double-unit residence, this property offers an expansive 3,150 square foot layout and includes four dedicated parking spaces with an EV charger, a highly unique and valuable combination for the Santa Monica condo market.
The residence has been thoughtfully reimagined with premium finishes, including wide-plank wood flooring, a chef's kitchen with Sub-Zero and Wolf appliances, and integrated smart home features like built-in speakers and art lighting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3150, other record living area = 1613. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The monthly association fee of $5,217.60 is significantly high, which may be a deterrent for buyers sensitive to ongoing fixed expenses despite the luxury amenities provided.
While the property boasts an Ocean Avenue address, the primary ocean views are partially screened by mature magnolia trees, which may disappoint buyers seeking completely unobstructed, direct water vistas.
Rarely available and thoughtfully reimagined, this exceptional double-unit residence on iconic Ocean Avenue offers a seamless blend of scale, sophistication, and coastal elegance. Completely renovated, the home showcases wide-plank light wood flooring and an expansive open-concept layout designed for effortless entertaining and refined everyday living. Flooded with natural light, the grand living and dining areas feature gallery-like walls ideal for art collectors, while built-in speakers, art lighting, and recessed lighting throughout enhance both ambiance and functionality. A handsome bar perfectly integrated into the living area features a wine refrigerator and ice maker, creating an ideal setting for entertaining. The remodeled chef's kitchen is appointed with premium Sub-Zero and Wolf appliances, including a double oven. The luxurious primary suite is a true retreat, offering a generous sitting area, dual walk-in closets, and a spa-inspired bath. Both the living area and primary suite open to ample outdoor spaces where ocean views lie behind lush magnolia trees and the palm-lined vistas of Ocean Avenue. Two additional well-appointed secondary bedrooms feature a walk-in closet and custom home office space while abundant built-ins throughout the residence provide exceptional storage. Additional highlights include a private storage room and four parking spaces equipped with an EV charger - an incredibly rare offering for the area. Residents enjoy full-service amenities within this concierge building, including a gym and recreation room with catering kitchen. The newly completed rooftop deck is the crown jewel of this boutique paradise, featuring a pool, spa, fire pits, covered dining areas, BBQs, and sweeping views of the Pacific Ocean and nearby landmarks such as the Santa Monica Pier. Ideally located just moments from shopping, dining, and lifestyle offerings of Montana Avenue, as well as parks and the beach, this is a rare opportunity to own a truly turnkey coastal residence in one of Santa Monica's most coveted settings.
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 | 2.0 | 57% |
| Square foot | 3,150 | 1,554 | 96% |
| Lot Size | 41,952 | 38,619 | 57% |
| Price | $6.00M | $2.10M | 87% |
| Price per sq ft | $1.9K | $1.4K | 78% |
| Built year | 1993 | 1971 | 87% |
| HOA | $5217.6 | $2.1K | 96% |
| Days on market | 44 | 188 | 13% |
May 1, 2026
$5,999,000
Initial Listing
Jun 11, 2009
$2,475,000
Public Record