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701 Ocean Avenue, 309, Santa Monica, CA 90402

$5.50M3bd · 3ba · 3,065 sqft
Lot 41,952 sqft•HOA $5217.6/mo•Condominium•
Active
•27d on market•MLS# 00-26989031

Property Description

Set along iconic Ocean Avenue, this exceptional double unit residence has been completely renovated and thoughtfully designed for sophisticated coastal living. The expansive interiors are filled with natural light and feature wide plank light wood floors, generous living and dining areas, and an open layout that feels both elegant and comfortable. Gallery style walls provide an ideal backdrop for art, while built in speakers, art lighting, and recessed lighting create a refined yet inviting atmosphere. A beautifully integrated bar with a wine refrigerator and ice maker sits just off the living area, creating an ideal setting for entertaining. The remodeled chef's kitchen is appointed with premium Sub Zero and Wolf appliances, including a double oven. The spacious primary suite features a comfortable sitting area, two walk in closets, and a luxurious spa inspired bathroom. Both the living area and primary suite open directly to generous outdoor spaces with ocean views framed by mature magnolia trees and the palm lined vistas of Ocean Avenue. Two additional bedrooms offer walk in closets and custom home office areas, while extensive built ins throughout the residence provide exceptional storage. Additional features include a private storage room and four parking spaces with an EV charger, an especially valuable amenity in this coveted location. Residents of the concierge building enjoy a full range of amenities, including a gym and recreation room with a catering kitchen. The newly completed rooftop deck is an impressive extension of the residence, featuring a pool, spa, fire pits, covered dining areas, BBQs, and sweeping views of the Pacific Ocean and Santa Monica Pier. Ideally positioned north of Montana Avenue, the residence is moments from the area's renowned shopping and dining, as well as the beach and nearby parks. This turnkey offering presents an exceptional opportunity to experience the best of Santa Monica coastal living from one of its most desirable addresses.

Features & Amenities

FeeBuilt 1993

Property Details

Land Type
Fee
Year Built
1993
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air
View
Mountain(s), Ocean, Pool
Flooring
Carpet, Tile, Wood
Roof
Common Roof
City
Santa Monica
Zip Code
90402
County
Los Angeles
Listed byUnknown Office, Jennifer Winston

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$27,785.71
Principal & Interest
Loan Amount
$4,396,000
Total Interest
$5,606,856
Total Payment Over 30 Years
$10,002,856
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, 309, Santa Monica, CA 90402

Santa Monica · Condominium

$5.88M
Luxury Tier
Beds
3
Baths
3
Sqft
3,065
Lot
41,952 sqft
Year
1993
$/Sqft
$1918
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed 90.4% above the median closed sale of $3,089,000. Price per sqft ($1,918) is a 33% premium to closed comps ($1,444). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $5.88M· $1,918/sqft
Total list price
Closed comps
vs closed median $3.09M
+$2.79M (+90.4%)
Active comps
vs active median $4.30M
+$1.58M (+36.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,609
+$309 (+19.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
101 California AvenueSanta Monica1964322,77118,751$3,230$8.95M3064
603 Ocean AvenueSanta Monica1996332,69426,948$1,596$4.30M1164
1244 14th StreetSanta Monica—342,7010$944$2.55M1257
1643 12th StreetSanta Monica1992322,5657,495$856$2.19M7948
117 Ocean Front WalkSanta Monica1992343,5254,808$1,417$5.00M2448
Total: 5 · Average3.03.02,851.214,500.5$1,608.6$4.60M31.2
Median2,701$4.30M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
701 Ocean AvenueSanta Monica199305/19/2026332,83441,952$6.50M$7.13M$2,5161.101779
1927 18th StreetSanta Monica201909/28/2026452,8007,997$2.40M$2.38M$8521.003170
833 17th StreetSanta Monica199205/15/2026332,82415,002$2.79M$2.91M$1,0311.044165
515 Ocean AvenueSanta Monica197609/28/2026243,17567,427$6.00M$5.60M$1,7640.933962
1140 Chelsea AvenueSanta Monica198110/08/2026342,92912,226$3.50M$3.09M$1,0550.888455
Total: 5 · Average3.03.82,912.428,920.8$4.22M$4.22M$1,443.6—42.4
Median2,834$3.09M$3.09M

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.