NOT LISTED FOR SALE

311 Ocean Ave Unit 305 Santa Monica, CA 90402

North of Montana Neighborhood

Estimated Value: $1,715,722 - $2,676,000

3 Beds
2 Baths
1,659 Sq Ft
0.51 Acres

Highlights

  • Ocean View
  • Gated Parking
  • Contemporary Architecture
  • Roosevelt Elementary School Rated A+
  • 0.51 Acre Lot
  • Engineered Wood Flooring

About This Home

As of February 2023

Wow, so this is what "dead on ocean views" means! Wake up in the morning to the sound of waves and watch the sunset every evening! This luxury 3 bedroom + loft penthouse checks all the boxes. Flooded with light, this fully remodeled condo has top-of-the-line appliances, wooden floors, granite counter tops, fireplace in the LR, laundry in the kitchen, skylights. Amazing ocean views from living room, primary bedroom, loft, and private balcony. Two side by side spots in gated parking. Resort-like living in one of the best neighborhoods in Santa Monica and minutes from The Promenade and Ocean Avenue restaurants. No rent increase for two years.

Last Agent to Rent the Property

Lynn Whitaker

Sotheby's International Realty License #01335433 Listed on: 10/14/2022

Sotheby's International Realty

Last Renter's Agent

Margaret Bradley

Douglas Elliman of California, Inc. License #02002475

Douglas Elliman of California, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,797

Year Built

  • Built in 1979

Lot Details

  • 0.51

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Gated Parking
  • Parking Garage Space
  • Controlled Entrance

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 1,659 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Loft
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Central Heating
  • Sewer in Street

Additional Features

  • Balcony
  • South Facing Home

Listing and Financial Details

  • Security Deposit $17,500
  • Tenant pays for cable TV, electricity, gas, insurance
  • Rent includes water, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 4293-003-045

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • 21 Units
  • Elevator
  • Controlled Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$15,797

Year Built

Built in 1979

Lot Details

0

Parking

2

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Includes: Water, Trash Collection
  • Security Deposit: 17500
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary Mediterranean
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Entry Floor: 3
  • Lease Terms: 1+Year
  • Living Area: 1659
  • Lot Acreage: 0.5136
  • Monthto Month: No
  • Probate: No
  • Stories: 3
  • Unit Floor In Building: 3
  • Year Built: 1979
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Tile, Engineered Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Laundry: In Kitchen
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Washer, Garbage Disposal, Range/Oven, Microwave, Hood Fan
  • Fireplace: Yes
  • Price Per S Q F T: 5.12

Exterior Features

  • Balcony: yes
  • Direction Faces: South
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Controlled Entrance, Community Garage, Gated, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Sewer: In Street
  • Water: Public

Association/Amenities

  • Amenities: Controlled Access, Elevator
  • Pet Rules: Call

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Assessor Parcel Number: 4293-003-045
  • Lot Size Area: 22372

Multi Family

  • Number Of Units: 21

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2007
Sold by
Youssef Magdy Erian and Youssef Magda Abdou
Bought by
Youssef Magdy Erian and Youssef Magda Abdou
Current Estimated Value
$2,179,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2003
Sold by
Reager Md Lauren L
Bought by
Youssef Magdy Erian and Youssef Magda Abdou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
3.9%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 1, 1997
Sold by
Reager Diane C
Bought by
Reager Md Lauren L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Youssef Magdy Erian -- Accommodation
Youssef Magdy Erian -- Ticor Title Co Glendale
Youssef Magdy Erian $940,000 Equity Title
Reager Md Lauren L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Youssef Magdy Erian $448,000
Closed Youssef Magdy Erian $625,500
Closed Youssef Magdy Erian $738,000
Previous Owner Youssef Magdy Erian $705,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2023 02/17/23 Rented $8,250 -2.9% --
02/17/2023 02/17/23 Off Market $8,500 -- --
02/14/2023 02/14/23 For Rent $8,500 0.0% --
02/13/2023 02/13/23 Off Market $8,500 -- --
12/05/2022 12/05/22 Price Changed $8,500 -2.9% $5 / Sq Ft
10/14/2022 10/14/22 For Rent $8,750 +16.7% --
04/15/2020 04/15/20 Rented $7,500 0.0% --
03/20/2020 03/20/20 For Rent $7,500 0.0% --
05/02/2018 05/02/18 Rented $7,500 0.0% --
02/16/2018 02/16/18 For Rent $7,500 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $15,797 $1,336,465 $1,052,117 $284,348
2024 $15,797 $1,310,261 $1,031,488 $278,773
2023 $15,543 $1,284,570 $1,011,263 $273,307
2022 $15,346 $1,259,384 $991,435 $267,949
2021 $14,961 $1,234,692 $971,996 $262,696
2019 $14,707 $1,198,072 $943,167 $254,905
2018 $13,847 $1,174,581 $924,674 $249,907
2016 $13,342 $1,128,972 $888,769 $240,203
2015 $13,168 $1,112,014 $875,419 $236,595
2014 $12,980 $1,090,232 $858,271 $231,961
Source: Public Records

Agents Affiliated with this Home

  • L

    Landlord's Agent in 2023

    Lynn Whitaker

    Sotheby's International Realty

    (310) 820-0195

    2 in this area

    16 Total Sales

    Lynn Whitaker
    Section Image
  • Margaret Bradley

    Tenant's Agent in 2023

    Margaret Bradley

    Douglas Elliman of California, Inc.

    (310) 428-1202

    Margaret Bradley
    Section Image
  • Kate Bransfield

    Seller's Agent in 2020

    Kate Bransfield

    Coldwell Banker Realty

    (310) 395-1133

    13 in this area

    47 Total Sales

    Kate Bransfield
    Section Image

  • C

    Buyer's Agent in 2018

    Carol Whitley

    Hilton & Hyland

See All Agents

Map

Source: The MLS

MLS Number: 22-208973

The MLS

APN: 4293-003-045

California Los Angeles County Santa Monica 90402 North of Montana

311 Ocean Ave Unit 305, Santa Monica, CA

This home is located at 311 Ocean Ave Unit 305, Santa Monica, CA 90402 since 14 October 2022 and is currently priced at $2,179,681. This property was built in 1979. 311 Ocean Ave Unit 305 is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes