Nestled on Santa Monica's iconic Ocean Avenue, Residence 404N at 515 Ocean Avenue offers more than just luxurious living, it provides a gateway to an active, healthy, and convenient lifestyle. Boasting designer finishes, Italian cabinetry throughout, premium appliances, and hardwood flooring, this residence offers sweeping views of the Pacific Ocean. Upon entry, a foyer guides you to the designer kitchen and main living spaces on the right, while the left wing houses all bedrooms and bathrooms. The open-concept kitchen, living, and dining space features floor-to-ceiling windows with unobstructed views of Palisades Park and beyond, promoting a seamless indoor-outdoor flow. The kitchen is equipped with quartz countertops, a Sub-zero refrigerator, Wolf electric range, wine refrigerator, dishwasher, and a designated dining area illuminated by a contemporary chandelier. The spacious main living area is bathed in natural light and leads to the unit's private balcony, perfect for enjoying the ocean breeze. In the left wing of the unit, the guest bedroom, currently utilized as an office/secondary living room, offers ample space and a modern full bathroom. At the end of the hallway awaits the private primary suite, featuring balcony access through a sliding glass door, providing breathtaking ocean views and relaxing sea breezes. The expansive spa-like primary bathroom boasts a dual vanity, separate tub and shower, and maintains the high-end finishes and attention to detail found throughout the residence. 2 enclosed parking spaces, security screened storage, and a dedicated laundry room comes with this unit for added convenience. 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.
This property is $769K more than the Median Sold Price and $628/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: #24388079
Listing Office:
Office Name: Carolwood Estates
Office Phone: (310) 623-3600
Listing Agent: Bjorn Farrugia
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: 6/2/2024, 5:20:35 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
DATE
EVENT
PRICE
Jul 24, 2018
Jul 24, 2018Home Sold
$2,100,000
May 30, 2013
May 30, 2013Home Sold
$1,475,000
Mar 01, 2005
Mar 01, 2005Home Sold
$1,015,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$25,750
$2,164,190
2020
$27,422
$2,142,000
2019
$18,607
$2,100,000
2018
$18,529
$1,596,330
2017
$18,529
$1,565,031
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15K
Per Month
Principal & Interest
$12.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$1,974
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,858
Powered By
Advertisement
NMLS#3030
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.
Elementary School
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.58 miles
Public District Grades KG-5
Middle School
8
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.17 miles
Public District Grades 6-8
High School
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school1.70 miles
Public District Grades 9-12
Assigned Schools
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.58 miles
Public District Grades KG-5
Nearby Schools
8
/10
Canyon Elementary School
421 Entrada Dr
Distance between this listing and this school0.58 miles
Public Charter Grades KG-5
8
/10
Palisades Charter Elementary School
800 Via De La Paz
Distance between this listing and this school1.73 miles
Public Charter Grades KG-5
Assigned Schools
8
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.17 miles
Public District Grades 6-8
Nearby Schools
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school2.14 miles
Public District Grades KG-8
7
/10
Paul Revere Middle School
1450 Allenford Ave
Distance between this listing and this school2.27 miles
Public Charter Grades 6-8
Assigned Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school1.70 miles
Public District Grades 9-12
Nearby Schools
5
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school2.26 miles
Public District Grades 9-12
6
/10
University Senior High School
11800 Texas Ave
Distance between this listing and this school3.23 miles
The neighbors living near this home have an average income of $89,052. Residents of Santa Monica, CA typically earn between $35k-100k each year. Most 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 404N
What is the listing price of this property?
The listing price of 515 Ocean Ave Unit 404N property is $2,599,000.
What type of property is this?
The property 515 Ocean Ave Unit 404N is a condo located in Santa Monica, California, 90402.
Is this property for sale now?
Active Listing: 515 Ocean Ave Unit 404N is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 515 Ocean Ave Unit 404N are: Roosevelt Elementary School: GreatSchools Rating 7/10Lincoln Middle School: GreatSchools Rating 8/10Santa Monica High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $25,750 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 24, 2018 for $2,100,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 515 Ocean Ave Unit 404N has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 515 Ocean Ave Unit 404N is 1,490 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 515 Ocean Ave Unit 404N is 1976.
Interested in 515 Ocean Ave Unit 404N? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 515 Ocean Ave Unit 404N in Santa Monica, CA and zip code 90402 in the North of Montana neighborhood. This 1,490 square foot home, which was built in 1976, sits on a 1.55 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 11, 2024 and is currently priced at $2,599,000.
While more than 16 listings in Santa Monica, CA in May 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 32 were sold below. The inventory of homes for sale in Santa Monica, CA between April 2024 and May 2024 increased by 10.2%. While the average time on the market in May 2024 was 33 days, the median list price was $1,830,000.
From Rocket Homes Real Estate and based on county public records data.