NOT LISTED FOR SALE

Ocean Towers 101 Ocean Ave Unit E601 Santa Monica, CA 90402

Estimated Value: $1,853,000 - $4,210,054

2 Beds
2 Baths
1,396 Sq Ft
$2,140/ mo HOA Fee

Last Sold February 17, 2023

Last sale price $3,700,000 $2,650 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $23,070/month

79 Days on Market

Highlights

  • Doorman
  • Yoga or Pilates Studio
  • Heated In Ground Pool
  • Ocean View
  • 24-Hour Security
  • Gourmet Kitchen

About This Home

As of February 2023

Set along a gently sloping ocean bluff at the entrance of Santa Monica Canyon, 101 Ocean combines the privacy of a lush oceanfront setting with a convenient location on one of Santa Monica's most vibrant and lively streets. Just steps from Palisades Park, Santa Monica State Beach, Montana Avenue, and Downtown Santa Monica, the location of 101 Ocean is one of the most walkable in the city. The lifestyle experience begins the moment you arrive at the building, with sweeping views of the entire Santa Monica Bay stretching from Point Dume to Palos Verdes, and Catalina Island off in the distance. Enjoy a residents only rooftop deck with views to the crashing waves below, resort style pool with staff and towel service, spa, gym, valet, yoga studio, concierge, and private grassy park for pets to play. The unit is accessed via glass elevator with views over the Pacific Ocean and has never been lived in since an extensive 2022 remodel. New design elements include herringbone wood floors, custom designed bathtubs and sinks, smooth plastered walls and ceiling, new kitchen complete with high end appliances, wine fridge, and tiled outdoor patio. A reimagined primary suite emphasizes views out to the canyon and ocean beyond. Abundant natural light pours into the open concept living room well laid out to compliment large ocean view deck. Additional guest bedroom overlooks the lush coastal hillside and features walk in closet. 2 car parking in private garage. Be the first resident of this beautifully remodeled unit in one of Santa Monica's premier lifestyle locations. Interior Photos will be added at a later date.

Last Agent to Sell the Property

Lauren Sumnicht

Compass License #01978200 Listed on: 10/31/2022

Compass

Co-Listed By

John McNicholas

Compass License #02075459

Last Buyer's Agent

Gardy Weickhert

Westside Estate Agency Inc. License #00784272

Westside Estate Agency Inc.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • Property Near a Canyon
  • West Facing Home
  • Dog Run
  • Gated Home
  • Bluff on Lot
  • Landscaped
  • Sprinkler System

HOA Fees

  • $2,140 Monthly HOA Fees

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights
  • Woods
  • Trees
  • Canyon
  • Valley
  • Park or Greenbelt
  • Pool

Home Design

  • Contemporary Architecture
  • Entry on the 6th floor
  • Turnkey
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Plaster Walls

Interior Spaces

  • 1,396 Sq Ft Home
  • Open Floorplan
  • Wired For Sound
  • Recessed Lighting
  • Sliding Doors
  • Living Room with Attached Deck
  • Dining Area
  • Security Lights

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Covered Parking
  • Automatic Gate
  • On-Street Parking
  • Controlled Entrance

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Living Room Balcony
  • Covered Patio or Porch

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4410-004-075

Community Details

Overview

  • Association fees include concierge, building and grounds, insurance, maintenance paid, earthquake insurance
  • 59 Units
  • 10-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Trash Chute
  • Lobby
  • Reception Area
  • Elevator

Recreation

  • Yoga or Pilates Studio
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1963 | Remodeled

Lot Details

1.96 Acres

HOA Fees

$2,140 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: 101 Ocean
  • Entry Floor: 6
  • Entry Location: Elevator
  • Living Area: 1396
  • Lot Acreage: 1.9564
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Additions/Alter, Repair Cosmetic, Updated/Remodeled
  • Stories: 10
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floor Plan, Turnkey, Pre-wired for surround sound, Recessed Lighting, Plaster Walls
  • Flooring: Hardwood, Stained Concrete
  • Appliances: Microwave, Oven, Cooktop - Gas, Range, Range Hood, Built-Ins
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset, Master Bedroom, Dressing Area, Master Suite
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Remodeled
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area, Breakfast Area
  • Kitchen Features: Island, Open to Family Room, Gourmet Kitchen, Remodeled
  • Laundry: In Unit, Laundry Area
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Microwave, Ice Maker, Washer, Refrigerator
  • Fireplace: No
  • Price Per S Q F T: 2829.51

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony, Custom Built, Sprinkler System, Sliding Glass Doors, Energy Efficient
  • Patio: Deck(s), Covered, Living Room Balcony, Living Room Deck Attached, Tile
  • Pool Description: Heated, Association Pool, Fenced, In Ground
  • Pool: Yes
  • Spa: Heated, Association Spa, Hot Tub, In Ground
  • Spa Yn: Yes
  • View: Coastline, City Lights, Green Belt, Catalina, Pool, Water, Valley, Trees/Woods, Tree Top, Ocean, Canyon
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Covered Parking, Above Street Level, Auto Driveway Gate, Controlled Entrance, Gated
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Gated, Gated Community with Guard, Guarded, Smoke Detector

Association/Amenities

  • Amenities: Assoc Barbecue, Pool, Elevator, Controlled Access
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Concierge, Building and Grounds, Insurance, Maintenance Paid, Earthquake Insurance
  • High Rise: Dog Run, Entrance Lobby, Reception Desk, Door Person, Yoga and Pilates Studio, Trash Chute
  • HOA Fees: 2140.00
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4410-004-075
  • Lot Description: Landscaped, Secluded, Gated Community, Exterior Security Lights, Automatic Gate
  • Lot Location: Bluff Front, Canyon
  • Lot Size Area: 85220

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2023
Sold by
Schmidt Richard Lee
Bought by
Schmidt Barbara
Current Estimated Value
$3,208,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,590,000
Outstanding Balance
$2,479,067
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$729,284

Purchase Details

Listed on
Oct 31, 2022
Closed on
Dec 28, 2022
Sold by
Jersie Investments Llc
Bought by
Schmidt Barbara
Seller's Agent
Lauren Sumnicht
Compass
Buyer's Agent
Gardy Weickhert
Westside Estate Agency Inc.
List Price
$3,950,000
Sold Price
$3,700,000
Premium/Discount to List
-$250,000
-6.33%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.51%

Purchase Details

Closed on
Apr 26, 2022
Sold by
Jersie Investments Llc
Bought by
Jersie Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2017
Sold by
Vannice Errett and The West Fourt Street Resident
Bought by
Vannice Errett and The Lighthouse Trust

Purchase Details

Closed on
Dec 21, 2012
Sold by
Paltrow Blythe Danner and The Bruce & Blythe Danner Palt
Bought by
Gelwarg Stuart and The West Fourth Street Residen

Purchase Details

Closed on
Feb 28, 2007
Sold by
Wynn Kevyn and Wynn Stephen A
Bought by
Paltrow Blythe Danner and The Bruce & Blythe Danner Palt

Purchase Details

Closed on
Jan 24, 2000
Sold by
Brebach Gresham T and Brebach Judith S
Bought by
Wynn Kevyn and Wynn Elaine

Purchase Details

Closed on
Jan 21, 2000
Sold by
Wynn Kevyn and Wynn Elaine
Bought by
Wynn Kevyn and Wynn Stephen A

Purchase Details

Closed on
Apr 15, 1997
Sold by
Surprenant Dominic
Bought by
Brebach Gresham T and Brebach Judith S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.86%

Purchase Details

Closed on
Nov 29, 1995
Sold by
Haseko Townhomes Inc
Bought by
Surprenant Dominic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Schmidt Barbara -- Commonwealth Land Title
Schmidt Barbara $3,700,000 Chicago Title Company
Jersie Investments Llc -- Fidelity National Title
Vannice Errett -- None Available
Gelwarg Stuart -- None Available
Paltrow Blythe Danner -- Equity Title Company
Wynn Kevyn $835,000 Fidelity National Title Co
Wynn Kevyn -- Fidelity National Title Co
Brebach Gresham T $625,000 Progressive Title Company
Surprenant Dominic $475,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Barbara $2,590,000
Previous Owner Jersie Investments Llc $1,500,000
Previous Owner Brebach Gresham T $500,000
Previous Owner Surprenant Dominic $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $3,700,000 -6.3% $2,650 / Sq Ft
01/18/2023 01/18/23 Pending -- -- --
10/31/2022 10/31/22 For Sale $3,950,000 -- $2,830 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $45,433 $3,849,480 $1,248,480 $2,601,000
2024 $45,433 $3,774,000 $1,224,000 $2,550,000
2023 $28,237 $2,340,900 $606,900 $1,734,000
2022 $26,908 $2,295,000 $595,000 $1,700,000
2021 $23,953 $2,025,777 $1,416,762 $609,015
2020 $24,206 $2,005,006 $1,402,235 $602,771
2019 $23,226 $1,965,693 $1,374,741 $590,952
2018 $23,183 $1,927,151 $1,347,786 $579,365
2016 $15,055 $1,253,669 $434,045 $819,624
2015 $14,832 $1,234,839 $427,526 $807,313
2014 $14,877 $1,210,651 $419,152 $791,499
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lauren Sumnicht

    Compass

    (310) 230-5744

    5 Total Sales

    Lauren Sumnicht
    Section Image
  • John McNicholas

    Seller Co-Listing Agent in 2023

    John McNicholas

    Compass

    (310) 266-6209

    31 Total Sales

    John McNicholas
    Section Image

  • G

    Buyer's Agent in 2023

    Gardy Weickhert

    Westside Estate Agency Inc.

    (310) 207-7080

    2 Total Sales

    Gardy Weickhert
    Section Image
  • Ignacio Rodriguez Diaz

    Buyer Co-Listing Agent in 2023

    Ignacio Rodriguez Diaz

    Westside Estate Agency-Malibu

    (310) 266-5841

    9 Total Sales

    Ignacio Rodriguez Diaz
    Section Image
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About Ocean Towers

Map

Source: The MLS

MLS Number: 22-213185

The MLS

APN: 4410-004-075

California Los Angeles County Santa Monica 90402

101 Ocean Ave Unit E601, Santa Monica, CA

Not Listed for Sale

Condos

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