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701 Ocean Avenue, 301, Santa Monica, CA 90402

$4.39M2bd · 3ba · 2,049 sqft
Lot 41,952 sqft•HOA $2609/mo•Condominium•
Active
•35d on market•MLS# 00-26984997

Property Description

701 Ocean Avenue is one of the finest condo buildings in Santa Monica and all of Los Angeles. A true ocean-view oasis, Unit 301 offers a rare opportunity to live directly across from not only lush Palisades Park, but the Pacific Ocean as well. With 2 beds, 2.5 bathrooms, a bar area, and over 2000 square feet of space to curate, this unit can accommodate a variety of lifestyles and design sensibilities. The space is luxurious yet uncomplicated, with a formal marble entryway, open floorplan, and head on ocean views. The large private patio opens from both the great room and the primary suite. The kitchen is equipped with modern Meile and Bosch appliances and has abundant cabinetry and storage. The primary wing has a marble clad en-suite bath, a walk-in closet, additional closets, and ocean views. The secondary bedroom contains an en-suite bathroom as well. This end unit only has one adjacent neighbor and features extra side windows and a second balcony and sitting area. There are 2 side-by-side parking spots, and ample guest parking, located in a secured subterranean garage. The rooftop is spectacular; recently renovated and upgraded. It features a sparkling pool and spa and multiple dining, cooking, cabanas, and lounge spaces - a perfect place to watch the sunset. Residents enjoy 24-hour concierge service, a fitness center, multi-purpose room with catering kitchen, and on-site management. The unit also includes a dedicated storage closet located downstairs. Just beyond the front door, a short walk away, sits Santa Monica's celebrated Montana Avenue and its restaurants, shops and services. With its exceptional location, ocean views, thoughtful amenities, and spacious layout, Unit 301 offers a distinctive opportunity to experience Santa Monica at its best.

Features & Amenities

FeeBuilt 1993

Property Details

Land Type
Fee
Year Built
1993
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air
View
Ocean, Pool
Flooring
Carpet, Tile, Wood
City
Santa Monica
Zip Code
90402
County
Los Angeles
Listed byUnknown Office, Richard Stearns

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$22,223.51
Principal & Interest
Loan Amount
$3,516,000
Total Interest
$4,484,464
Total Payment Over 30 Years
$8,000,464
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

701 Ocean Avenue, 301, Santa Monica, CA 90402

Santa Monica · Condominium

$4.39M
Luxury Tier
Beds
2
Baths
3
Sqft
2,049
Lot
41,952 sqft
Year
1993
$/Sqft
$2145
Pool: Yes✓
Spa: Yes✓
View: water✓

Listed 119.8% above the median closed sale of $2,000,000. Price per sqft ($2,145) is a 80% premium to closed comps ($1,191). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $4.39M· $2,145/sqft
Total list price
Closed comps
vs closed median $2.00M
+$2.40M (+119.8%)
Active comps
vs active median $2.15M
+$2.25M (+104.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,289
+$856 (+66.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1705 Ocean AveSanta Monica2014221,43940,870$903$1.30M31373
1755 Ocean AvenueSanta Monica2014342,00037,919$1,498$3.00M18671
1705 Ocean AvenueSanta Monica2014221,66040,866$1,656$2.75M10963
1705 Ocean AvenueSanta Monica2014121,1600$927$1.07M14363
1755 Ocean AveSanta Monica2014221,4700$1,463$2.15M13562
Total: 5 · Average2.02.41,545.839,885$1,289.4$2.05M177.2
Median1,470$2.15M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2677 Centinela AvenueSanta Monica198009/28/2026231,77734,122$950,000$955,000$5371.003470
2222 5th StreetSanta Monica199009/11/2026221,41211,231$1.40M$1.40M$9881.004470
101 Ocean AvenueSanta Monica196309/29/2026221,25385,245$2.00M$2.00M$1,5961.0012261
1755 Ocean AvenueSanta Monica201410/01/2026232,1000$4.50M$3.83M$1,8210.8515460
844 17th StreetSanta Monica200010/08/2026232,3007,488$2.25M$2.33M$1,0111.036159
Total: 5 · Average2.02.61,768.434,521.5$2.10M$2.10M$1,190.6—83
Median1,777$2.00M$2.00M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.