951 Ocean Avenue 102, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 3 bath

951 Ocean Avenue 102, Santa Monica, California 90403 home-pic-0
ACTIVE$5,375,000
951 Ocean Avenue 102, Santa Monica, California 90403
2Beds
3Baths
3,239Sqft
37,495Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Franklin Elementary School (9/10).
Top Cons:
Substantial Monthly Association Fees: The $3,800 monthly association fee is a significant ongoing cost that could be a considerable factor for potential buyers.

Compared to the nearby listings

Price:$5.38M vs avg $1.33M (+$4,045,000)98%
Size:3,239 sqft vs avg 1,399 sqft98%
Price/sqft:$1.7K vs avg $1.0K98%

More Insights

Built in 1997 (28 years old).
Condition: Built in 1997, this unit is well-maintained with good bones, including hardwood floors and high ceilings. However, the kitchen and bathrooms, while functional and clean, feature styles (light wood cabinetry, granite countertops, traditional fixtures, and appliance styles) that are distinctly from the late 1990s/early 2000s. These areas, along with some light fixtures and carpeting, show signs of being outdated and would likely require significant updates to meet current luxury standards expected for a property at this price point and location, as also noted in the listing's 'Potential for Interior Updates' weakness.
Year Built
1997
Close
-
List price
$5.38M
Original List price
$5.38M
Price/Sqft
$1,659
HOA
$3,800
Days on market
-
Sold On
-
MLS number
25501751
Home ConditionFair
Features
Excellent View: Ocean
Patio
ViewOcean

About this home

Sprawling, single-level, unit in premiere Ocean Avenue, 24-hour concierge building! Over 3,200 square feet of living space with a large ocean facing front patio and private backyard. This beautiful, corner-unit, lives like a house with large rooms and no shared walls. Open and spacious floorplan with hardwood floors, high ceilings and tons of closet and cabinet space throughout. Designed for privacy with just two units per floor in this 24-hour staffed building. Gracious formal entry leads to a huge dining room. An oversized living room with fireplace opens to the large front patio facing the ocean. This front patio enjoys fantastic afternoon sun, ocean breezes and incredible sunset views. Lots of counter space in the cook's kitchen which includes a nice breakfast area. Both the family room and second bedroom open to the privacy hedged backyard. Large primary suite opens to the front patio and features fireplace, sitting area, dual walk-in closets and a luxurious bathroom. Substantial backyard with dining patio, turf lawn area and storage shed. Secure building with top-of-the-line gym, rooftop pool and spa, community room and side-by-side parking. Fantastic location across from Palisades Park, the ocean & bike paths. Moments from dining, shopping and everything Santa Monica has to offer!

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.6mi
9/10
Franklin Elementary School
Public,PK-51.8mi
8/10
Lincoln Middle School
Public,6-81.1mi
8/10
Santa Monica High School
Public,9-121.3mi

Price History

Date
Event
Price
11/20/01
Sold
$1,650,000
Condition Rating
Fair

Built in 1997, this unit is well-maintained with good bones, including hardwood floors and high ceilings. However, the kitchen and bathrooms, while functional and clean, feature styles (light wood cabinetry, granite countertops, traditional fixtures, and appliance styles) that are distinctly from the late 1990s/early 2000s. These areas, along with some light fixtures and carpeting, show signs of being outdated and would likely require significant updates to meet current luxury standards expected for a property at this price point and location, as also noted in the listing's 'Potential for Interior Updates' weakness.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Unbeatable Oceanfront Location & Views: Situated on premiere Ocean Avenue, directly across from Palisades Park, this unit offers stunning ocean views, incredible sunset vistas, and ocean breezes from its front patio, with immediate access to Santa Monica's vibrant dining, shopping, and bike paths.
Expansive, House-like Living Space: Sprawling over 3,200 square feet on a single level, this corner unit lives like a house with large rooms, high ceilings, an open floorplan, and the significant advantage of no shared walls, providing exceptional space and privacy.
Exceptional Building Amenities & Services: The property is part of a secure, 24-hour concierge/staffed building that boasts a top-of-the-line gym, a rooftop pool and spa, a community room, and convenient side-by-side parking.
Generous Private Outdoor Areas: Rare for a condominium, the unit features both a large ocean-facing front patio and a substantial private backyard complete with a dining patio, turf lawn area, and a storage shed, offering diverse outdoor living spaces.
High Degree of Privacy & Exclusivity: As a corner unit with no shared walls and a design that limits to just two units per floor, it offers an enhanced sense of privacy and exclusivity within a luxury condominium setting.

Cons

Substantial Monthly Association Fees: The $3,800 monthly association fee is a significant ongoing cost that could be a considerable factor for potential buyers.
Potential for Interior Updates: Built in 1997, while well-maintained, some interior finishes and systems may not align with the latest luxury standards expected for a property at this price point, potentially requiring further investment for modernization.
Limited Bedroom Count for Square Footage: With over 3,200 square feet, having only two bedrooms might limit the appeal to certain buyer demographics, such as larger families or those requiring multiple dedicated office or guest rooms.

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