515 Ocean Avenue 303s, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath

515 Ocean Avenue 303s, Santa Monica, California 90402 home-pic-0
ACTIVE$1,999,999
515 Ocean Avenue 303s, Santa Monica, California 90402
2Beds
2Baths
1,490Sqft
67,427Lot
Year Built
1976
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,342
HOA
$1,974
Days on market
-
Sold On
-
MLS number
25597915
Home ConditionFair
Features
Good View: None
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.00M(71th), sqft - 1490(71th), beds - 2(50th), baths - 2(50th).

Park Plaza is the premier location to live on Santa Monica's iconic Ocean Avenue. Residence 303S is only one of several units with a HUGE private patio directly accessed by the unit. Upon entry, the foyer guides you to the kitchen, open concept living room & dining area on the right, while the left wing has both bedrooms & bathrooms. The living room features floor-to-ceiling windows & doors that open to an entertainer's dream of a patio. The expansive resort-like patio has room for both a seating & dining area. The kitchen is equipped with refrigerator/freezer, dishwasher, electric range, oven & laundry closet. The left wing of the unit features a spacious guest bedroom & full bathroom. The primary suite is at the end of the hall & has patio access through a floor to ceiling sliding glass door. Its bathroom features a dual vanity with separate tub and shower. Two enclosed parking spaces & storage area come with this unit. The building was recently retrofitted. Park Plaza offers full-service amenities, including a 24-hour concierge, security, gym, spa, & pool. Two side by side parking spaces included & storage (see pictures).

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.6mi
8/10
Lincoln Middle School
Public,6-81.2mi
8/10
Santa Monica High School
Public,9-121.7mi

Price History

Date
Event
Price
09/26/25
Listing
$1,999,999
Condition Rating
Fair

Built in 1976, this property shows signs of being well-maintained with some updates, but not a full recent renovation. The living and dining areas feature modern flooring and light fixtures. However, the bathrooms, while clean and functional, exhibit dated elements such as speckled granite countertops and fluorescent light panels, suggesting renovations from 15-30 years ago. The kitchen is not pictured, but the description of appliances does not indicate recent upgrades. The property is move-in ready but would benefit from further cosmetic updates in the kitchen and bathrooms to align with current styles and standards.
Pros & Cons

Pros

Unbeatable Ocean Avenue Location: The property boasts a premier address on Santa Monica's iconic Ocean Avenue, offering unparalleled prestige and desirability.
Exceptional Private Outdoor Space: A unique and 'HUGE private patio' directly accessible from the unit, described as an 'entertainer's dream' with ample space for seating and dining, is a significant and rare feature for a condominium.
Full-Service Luxury Building Amenities: Residents benefit from comprehensive amenities including a 24-hour concierge, security, gym, spa, and pool, providing a resort-like living experience.
Valuable Parking and Storage: The inclusion of two side-by-side enclosed parking spaces and a dedicated storage area is a highly sought-after and valuable asset in a dense urban environment like Santa Monica.
Strong Indoor-Outdoor Flow and Natural Light: Floor-to-ceiling windows and doors in the living room and primary suite ensure abundant natural light and seamless access to the expansive private patio, enhancing the living experience.

Cons

Substantial Monthly Association Fee: The $1974.0 monthly association fee is exceptionally high, significantly increasing the total cost of ownership and potentially impacting affordability.
Older Building Construction: Built in 1976, despite a recent building retrofit, the unit's interior finishes and systems may be dated, potentially requiring further investment for modernization to meet contemporary standards.
Potential for Limited Interior Space Value: At 1490 sqft for a nearly $2 million price point, some buyers might perceive the interior living space as relatively modest compared to the overall investment, especially when factoring in the high monthly HOA.

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