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515 Ocean Avenue 504n, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath

515 Ocean Avenue 504n, Santa Monica, California 90402 home-pic-0
ACTIVE$2,395,000
515 Ocean Avenue 504n, Santa Monica, California 90402
2Beds
2Baths
1,490Sqft
67,427Lot
Year Built
1976
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$1,607
HOA
$2,064
Days on market
-
Sold On
-
MLS number
25619651
Home ConditionFair
Features
Excellent View: Ocean, Pool
Deck
Pool
Spa
ViewOcean, Pool

About this home

We found 3 Cons,5 Pros. Rank: price - $2.40M(79th), sqft - 1490(71th), beds - 2(50th), baths - 2(50th).

Southwest-facing residence with ocean, and Palisades Park views located in the prestigious Park Plaza. This light-filled home features an open floor plan with floor-to-ceiling walls of glass and sliding doors, an open kitchen, and a private laundry room. The kitchen was recently updated with a stainless steel hood and new cooktop, and both the kitchen and primary bathroom include newly installed quartz countertops and contemporary faucets. Multiple windows and doors open to a balcony that perfectly embodies the California indoor-outdoor lifestyle. The building offers a 24-hour concierge, security, pool, spa, fitness facility, and conference room. Ideally situated close to everything Santa Monica has to offer, including the Third Street Promenade, dining along Ocean Avenue, Montana Avenue shops, and Palisades Park. Property was virtually staged.

Nearby schools

8/10
Roosevelt Elementary School
Public,•K-5•0.6mi
8/10
Lincoln Middle School
Public,•6-8•1.2mi
8/10
Santa Monica High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
11/17/25
Listing
$2,395,000
04/06/18
Sold
$416,500
Condition Rating
Fair
Built in 1976, this property has received recent cosmetic updates in the kitchen and primary bathroom, including new quartz countertops, contemporary faucets, a stainless steel hood, and a new cooktop. However, the kitchen still features a visibly dated built-in double oven, and the primary bathroom's tub surround also appears outdated. The main living areas and bedrooms are carpeted, which, while clean, is not a modern premium finish. These factors indicate that while the property is well-maintained and move-in ready, it has not undergone a full, extensive renovation and retains several components that show its age and may require further updates to meet contemporary standards.
Pros & Cons

Pros

Unbeatable Location & Views: Southwest-facing residence offering direct ocean and Palisades Park views from a prestigious Santa Monica address, with immediate proximity to the Third Street Promenade, Ocean Avenue dining, and Montana Avenue shops.
Luxury Building Amenities: The Park Plaza building provides comprehensive services including a 24-hour concierge, security, pool, spa, fitness facility, and conference room, enhancing resident lifestyle and convenience.
Modernized Interior Finishes: The kitchen has been recently updated with a new stainless steel hood, cooktop, and quartz countertops, while the primary bathroom also features newly installed quartz countertops and contemporary faucets, offering a fresh and appealing aesthetic.
Seamless Indoor-Outdoor Living: An open floor plan with floor-to-ceiling glass walls and sliding doors opens to a private balcony, perfectly embodying the California indoor-outdoor lifestyle and maximizing natural light.
Private Laundry Convenience: The inclusion of a private laundry room within the unit offers significant convenience and is a highly desirable feature for condominium residents.

Cons

High Association Fees: The substantial monthly association fee of $2064.0 represents a significant ongoing cost that potential buyers must factor into their budget.
Building Age: Built in 1976, the building is nearly 50 years old, which could imply potential future assessments or maintenance needs for the building's core systems and common areas, despite recent unit updates.
Virtual Staging: The property was 'virtually staged,' meaning the actual appearance and feel of the space without furniture may differ from the marketing images, potentially setting different expectations for in-person viewings.

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