5 months on rocket

515 Ocean Ave Unit 507S, Santa Monica, CA, 90402

$2,369,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
3 Full Baths
1,900 SqFt
$1,247/SqFt
Condo

Location

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515 Ocean Ave Unit 507S, Santa Monica$2,369,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Garage2 spaces
Year Built1976
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewOther
MLS #OC24147190
Lot Size1.55 Acres
StatusActive

About 515 Ocean Ave Unit 507S

Resort-like retreat located in the prestigious Park Plaza building. Building amenities include a 24-hour concierge, security, pool, spa, fitness facility, and a conference room. Located across from Palisades Park and Montana Ave, the Santa Monica Canyon, Downtown Santa Monica, and the 3rd Street Promenade which are all the dinning and shopping areas. Just north of Montana Ave, this spacious 2 bedroom 2 1/2 baths single level condo is the perfect retreat by the sea. The den can be converted to a 3rd bedroom. Additionally 2 side by side parking spaces and security screened storage. Park Plaza offers full-service amenities, including a 24-hour concierge, security, gym, spa, and pool. Don't miss the chance to reside in one of the Westside's most coveted zip codes on the iconic Ocean Avenue.

Property Details

Property Features

Property Information:

  • Year Built: 1976
  • Stories: 1
  • Living Area: 1,900 SqFt

Listing Office:

  • Office Name: International Home Realty
  • Office Phone: (949) 413-4899
  • Listing Agent: Claudia Chyang

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Dryer, Washer
  • Interior: Balcony, Multiple Primary Suites, Primary Suite
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 1.55 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Park on the street and walk to the front door.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,369,000
  • Price Per SqFt: $1,247/SqFt

HOA Fees:

  • Amount: $2419
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $25,702
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Santa Monica, CA.

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Santa Monica, CA

City

Med. Sold Price

$1.8M

Med. Price/SqFt

$1,106

Avg. Days On Market

33

# of Sold Homes

39

515 Ocean Ave Unit 507S vs Santa Monica

157 DAYS ON ROCKET

+124 Days

$2,369,000

+$470.8K More

$1,247/SqFt

+$141 More

KEY TAKEAWAY

This property is $470.8K more than the Median Sold Price and $141/SqFt more than other homes in Santa Monica, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24147190

Listing Office:

  • Office Name: International Home Realty
  • Office Phone: (949) 413-4899
  • Listing Agent: Claudia Chyang

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 27, 2011Home Sold
$1,575,000
Oct 31, 1995Home Sold
$415,000

Tax History

YEARPROP. TAXASSESSMENT
2021$25,702$2,157,956
2020$21,915$1,845,065
2019$20,634$1,808,889
2018$20,549$1,773,422
2017$20,549$1,738,650

History based on county public records data.

Payment Calculator

$14.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,169

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-865122
8
/10

  • Canyon Charter Elementary

  • 421 Entrada Dr

  • 0.50 miles

  • Public Charter Grades KG-5

school-card-donut-865123
7
/10

  • Roosevelt Elementary School

  • 801 Montana Ave

  • 0.59 miles

  • Public District Grades KG-5

school-card-donut-865124
8
/10

  • Palisades Charter Elementary

  • 800 Via De La Paz

  • 1.74 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $89,052. Most Santa Monica, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 515 Ocean Ave Unit 507S

What is the listing price of this property?

The listing price of 515 Ocean Ave Unit 507S property is $2,369,000.

What type of property is this?

The property 515 Ocean Ave Unit 507S is a condo located in Santa Monica, California, 90402.

Is this property for sale now?

Active Listing: 515 Ocean Ave Unit 507S is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $25,702 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 27, 2011 for $1,575,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 515 Ocean Ave Unit 507S has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 515 Ocean Ave Unit 507S is 1,900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 515 Ocean Ave Unit 507S is 1976.

Rocket Homes›California›Los Angeles County›Santa Monica›90402›515 Ocean Ave Unit 507S

This home is located at 515 Ocean Ave Unit 507S in Santa Monica, CA and zip code 90402 in the North of Montana neighborhood. This 1,900 square foot home, which was built in 1976, sits on a 1.55 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 18, 2024 and is currently priced at $2,369,000.

Over 12 listings were sold over their listed price in November 2024 in Santa Monica, CA. In the same period over 24 listings were sold below the listed price and 3 listings were sold for the listed price. The number of homes for sale in Santa Monica, CA decreased by 4.4% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $1,898,147.

From Rocket Homes Real Estate and based on county public records data.

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