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801 Ocean Avenue 405, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 3 bath

801 Ocean Avenue 405, Santa Monica, California 90403 home-pic-0
ACTIVE$2,998,000
801 Ocean Avenue 405, Santa Monica, California 90403
2Beds
3Baths
1,772Sqft
22,490Lot
Year Built
1977
Close
-
List price
$3M
Original List price
$3.85M
Price/Sqft
$1,692
HOA
$1,400
Days on market
-
Sold On
-
MLS number
25497131
Home ConditionGood
Features
Excellent View: Bay, Bluff, Coastline, Ocean
Deck
Pool
Spa
ViewBay, Bluff, Coastline, Ocean

About this home

We found 3 Cons,6 Pros. Rank: price - $3.00M(96th), sqft - 1772(75th), beds - 2(50th), baths - 3(50th).

Prime Santa Monica North of Wilshire LOCATION LOCATION LOCATION, Spectacular breathtaking panoramic Ocean palm trees views from this spacious condo on the 4th floor 2 balconies, 2 large Bedrooms 2 1/2 bath , facing Montana Ave. watch the surf from the master bed and living room. MOVE IN CONDITION, Sold Furnished, partly furnished or unfurnished. Freshly painted Remodeled with hardwood floors all over including bedrooms , Marble floors in the kitchen bathroom and hallways,.No carpets, kitchen dining area has lustrous honey color hardwood cabinets, wine rack, granite counters, like new 2 year old kitchen appliances 3 walk in closets, separate office area with a view , lots of storage cabinets, Linen closet, In unit laundry , big washer-dryer, Central air conditioning and heating, built in music speakers, decorative gas fireplace. Boutique 6 story 32 unit building, 2 side by side parking spots, storage room in garage. Heated Pool, Jacuzzi, Gym with TV, recreation plus game room. Reasonable $1400 monthly HOA fees include Earthquake Insurance, Water, Gas. 6 guest parkings. Please click to see the video and in other media 3D Matterport Photos. Easy access to LAX, UCLA, USC, St. John's Hospital. Walk to chic Fairmont, Proper Santa Monica, Huntley, Casa Del Mar, Shutters & Regent hotels, chic restaurants, cafes, Farmers' market, SM Pier & upscale Montana Ave shopping, across from beautiful Palisades Park, steps to the Beach, near Metro station and freeways; your amazing future quiet neighborhood?

Nearby schools

8/10
Roosevelt Elementary School
Public,•K-5•0.5mi
9/10
Franklin Elementary School
Public,•PK-5•1.7mi
8/10
Lincoln Middle School
Public,•6-8•1.1mi
8/10
Santa Monica High School
Public,•9-12•1.5mi
Condition Rating
Good
Built in 1977, this property has undergone an extensive remodel, making it move-in ready with no immediate renovations required. The unit features updated hardwood and marble flooring throughout, fresh paint, and central air conditioning and heating. The kitchen boasts 'like new 2 year old kitchen appliances' and granite countertops, which are functional and well-maintained. However, the honey-colored wood cabinets and the style of the granite, along with the marble tiling and decorative accents in the bathrooms, while clean and in good condition, reflect a design aesthetic that is more traditional and likely from a renovation 5-15 years ago rather than a cutting-edge contemporary update within the last 5 years. Major systems are functional and well-maintained, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Unbeatable Location & Panoramic Ocean Views: Situated in a prime Santa Monica North of Wilshire location, offering spectacular panoramic ocean and palm tree views, directly across from Palisades Park and steps to the beach.
Extensive Building Amenities: The boutique building provides a heated pool, jacuzzi, gym with TV, recreation/game room, two side-by-side parking spots, garage storage, and six guest parking spaces.
Turnkey Condition with Modern Upgrades: The unit is in move-in condition, freshly painted, and extensively remodeled with hardwood and marble floors, new kitchen appliances (2 years old), and can be sold furnished or unfurnished.
Spacious & Well-Appointed Interior: Features a spacious layout with 2 large bedrooms, 2.5 baths, a separate office area with a view, ample storage including three walk-in closets, and convenient in-unit laundry.
Comprehensive HOA Inclusions: The $1400 monthly HOA fees are comprehensive, covering essential services like earthquake insurance, water, and gas, providing peace of mind and value.

Cons

High Monthly HOA Fees: Despite comprehensive inclusions, the $1400 monthly HOA fee is substantial and could be a significant ongoing cost for potential buyers.
Building Age: Constructed in 1977, the building is nearly 50 years old, which may lead to higher maintenance costs or potential future assessments for building-wide systems, despite unit renovations.
Significant Price Reduction: The property has seen a substantial price reduction from its original list price, which might indicate an initial overvaluation or prolonged market time, potentially raising buyer concerns.

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