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515 Ocean Avenue, 404N, Santa Monica, CA 90402

$2.60M2bd · 2ba · 1,490 sqft
Lot 67,427 sqft•HOA $1974/mo•Single Family Residence•
Active
•892d on market•MLS# 00-24386507

Property Description

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.

Features & Amenities

FeeBuilt 1976

Property Details

Land Type
Fee
Year Built
1976
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
City Lights, Coastline, Ocean, Panoramic
Flooring
Wood
City
Santa Monica
Zip Code
90402
County
Los Angeles
Listed byCarolwood Estates, Bjorn Farrugia

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$13,141.96
Principal & Interest
Loan Amount
$2,079,200
Total Interest
$2,651,905
Total Payment Over 30 Years
$4,731,105
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

515 Ocean Avenue, 404N, Santa Monica, CA 90402

Santa Monica · Single Family Residence

$2.60M
Luxury Tier
Beds
2
Baths
2
Sqft
1,490
Lot
1.55 ac
Year
1976
$/Sqft
$1744
Pool: Yes✓
Spa: No✓
View: city✓

Listed 13.4% below the median closed sale of $3,000,000. Closed comps sold at 110% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $2.60M· $1,744/sqft
Total list price
Closed comps
vs closed median $3.00M
−$401K (−13.4%)
Active comps
vs active median $2.80M
−$201K (−7.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,667
+$77 (+4.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2441 21st StreetSanta Monica1927321,6006,746$1,497$2.40M1557
2460 Beverley AvenueSanta Monica1923222,0673,593$1,814$3.75M11156
1013 Bay StreetSanta Monica1926322,0776,493$1,348$2.80M956
2317 Pearl StreetSanta Monica1931221,5085,186$2,089$3.15M1251
2521 33rd StreetSanta Monica1946211,5719,636$1,588$2.50M16349
Total: 5 · Average2.41.81,764.66,330.8$1,667.2$2.92M62
Median1,600$2.80M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
630 Ashland AvenueSanta Monica192108/20/2026221,4101,947$1.82M$1.81M$1,2840.993664
1050 Harvard StreetSanta Monica194209/30/2026321,7847,890$2.90M$3.00M$1,6821.033655
558 Stassi LaneSanta Monica194709/15/2026221,63313,138$3.60M$3.57M$2,1880.995852
2519 31st StreetSanta Monica193909/01/2026331,8126,003$2.00M$2.45M$1,3521.235951
827 Yale StreetSanta Monica193109/04/2026321,4937,993$3.19M$3.92M$2,6291.232050
Total: 5 · Average2.62.21,626.47,394.2$2.95M$2.95M$1,827—41.8
Median1,633$3.00M$3.00M

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.