NOT LISTED FOR SALE

Park Plaza Condominiums 515 Ocean Ave Unit 405S Santa Monica, CA 90402

North of Montana Neighborhood

Estimated Value: $2,184,000 - $2,340,000

2 Beds
2 Baths
1,490 Sq Ft
$1,944/mo HOA Fee

Last Sold October 04, 2023

Last sale price $2,098,000 $1,408 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $15,956/month

205 Days on Market

Highlights

  • Concierge
  • Ocean View
  • 24-Hour Security
  • Roosevelt Elementary School Rated A+
  • Fitness Center
  • 3-minute walk to Palisades Park

About This Home

As of October 2023

Beautifully remodeled 2 bed, 2 bath unit available in the prestigious Park Plaza, with ocean views from the balcony, living room, and master bedroom. The unit features an abundance of natural light, high ceilings, ample closet space, spacious bedrooms, and high-end finishes throughout. The Kitchen boasts top of the line European stainless appliances as well as a Pura-flow water filtration system. Centrally located in the heart of Santa Monica - just steps from the Pacific Ocean, Palisades Park, & Montana Avenue shops and restaurants. Building has doorman, private intercom, concierge, fitness room, sauna, outdoor pool/spa, meeting room, and valet parking.

Last Agent to Sell the Property

Tracey Hennessey

Compass License #01017938 Listed on: 01/19/2023

Compass

Last Buyer's Agent

David Kramer

Compass License #00996960

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • South Facing Home
  • Bluff on Lot

HOA Fees

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Bluff
  • Canyon
  • Mountain
  • Courtyard

Home Design

  • Mid Level
  • Traditional Architecture
  • Entry on the 5th floor

Interior Spaces

  • 1,490 Sq Ft Home
  • Built-In Features
  • Bar
  • Crown Molding
  • Double Pane Windows
  • Living Room
  • Dining Area

Kitchen

  • Gourmet Galley Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Shower Only
  • Steam Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Garage Door Opener
  • Parking Garage Space

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Above Ground Spa

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4293-008-064

Community Details

Overview

  • Association fees include concierge, earthquake insurance, sewer, trash, water and sewer paid, water
  • 88 Units
  • Maintained Community

Amenities

  • Concierge
  • Valet Parking
  • Sundeck
  • Sauna
  • Business Center
  • Meeting Room
  • Lounge
  • Lobby
  • Reception Area
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1976 | Remodeled

Lot Details

0

HOA Fees

$1,944 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Levels: Mid Level
  • Street Number Display: Yes
  • Complex Name: Park Plaza
  • Disability Access: 2+ Access Exits, DisabilityAccess, Halls/Doors - 3 Feet Wide, Handicap Access
  • Entry Floor: 5
  • Entry Location: Foyer
  • Living Area: 1490
  • Lot Acreage: 1.5475
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1976
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Elevator, Crown Moldings, Built-Ins, Common Walls
  • Flooring: Carpet, Marble, Mixed, Hardwood
  • Appliances: Built-Ins
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Travertine, Shower and Tub, Remodeled, Steam Shower, Shower Stall
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Galley Kitchen, Gourmet Kitchen, Quartz Counters
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Microwave, Washer, Range/Oven, Dryer
  • Price Per S Q F T: 1409.40
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Other Features: Balcony, Energy Efficient
  • Patio: Balcony
  • Pool Description: Association Pool, In Ground, Heated
  • Pool: Yes
  • Spa: Above Ground, Heated
  • Spa Yn: Yes
  • View: Canyon, Courtyard, Catalina, Coastline, Ocean, Mountains, Water, Bluff
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Door Opener, Side By Side
  • Total Parking: 2

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: 24 Hour

Association/Amenities

  • Amenities: Concierge, Conference, Controlled Access, Elevator, Exercise Room, Sauna, Security, Spa, Sun Deck, Valet Parking, Assoc Maintains Landscape, Assoc Pet Rules
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • Association Fees Include: Concierge, Earthquake Insurance, Sewer, Trash, Water and Sewer Paid, Water
  • High Rise: Business Center, Concierge, 24-Hour Concierge, Entrance Lobby, Mid-Rise Building, Mens and Womens Locker Rooms, Controlled Access, Reception Desk, Lounge
  • HOA Fees: 1254.00
  • HOA Fees: 690.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4293-008-064
  • Lot Location: Bluff Front
  • Lot Size Area: 67408

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 88

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Aug 28, 2023
Sold by
Joseph And Isabella Cordner Family Trust
Bought by
Kouitorou Eleni and Biebl Andreas
Seller's Agent
Tracey Hennessey
Compass
Buyer's Agent
David Kramer
Compass
List Price
$2,100,000
Sold Price
$2,098,000
Premium/Discount to List
-$2,000
-0.1%
Views
214
Current Estimated Value
$2,278,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,763
Avg. Annual Appreciation
3.76%
Original Mortgage
$1,783,300
Outstanding Balance
$1,747,351
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$531,412

Purchase Details

Listed on
Jun 15, 2017
Closed on
Sep 26, 2017
Sold by
Crow Adina
Bought by
Cordner Joseph and Baltar Isabella
Seller's Agent
David Solomon
Douglas Elliman of California, Inc.
Buyer's Agent
Tracey Hennessey
Compass
List Price
$2,388,000
Sold Price
$2,137,500
Premium/Discount to List
-$250,500
-10.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.31%

Purchase Details

Closed on
Oct 8, 2013
Sold by
Poms David A
Bought by
Crow Adina

Purchase Details

Closed on
Mar 1, 2013
Sold by
Poms David
Bought by
Poms David A and The David A Poms Family Trust

Purchase Details

Listed on
Oct 1, 2012
Closed on
Dec 5, 2012
Sold by
Sohaili Dina Tecimer
Bought by
Poms David
Seller's Agent
Allen Aghai
Extar
Buyer's Agent
Simon Salloom
Douglas Elliman of California, Inc.
List Price
$1,275,000
Sold Price
$1,250,000
Premium/Discount to List
-$25,000
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$875,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2010
Sold by
Tecimer Timur
Bought by
Tecimer Timur and Tecimer Living Trust

Purchase Details

Closed on
Dec 30, 2009
Sold by
Sohaili Dina Tecimer
Bought by
Sohaili Dina Tecimer and Tecimer Timur

Purchase Details

Closed on
Nov 22, 2006
Sold by
Bakhtiar Lailee
Bought by
Sohaili Dina Tecimer and Lailee Bakhtiar Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 1999
Sold by
Bakhtiar Lailee
Bought by
Lailee Bakhtiar Revocable Trust
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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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
Kouitorou Eleni $2,098,000 Lawyers Title
Cordner Joseph $2,137,500 Lawyers Title Company
Crow Adina -- None Available
Poms David A -- None Available
Poms David $1,250,012 Chicago Title Company
Tecimer Timur -- None Available
Sohaili Dina Tecimer -- None Available
Sohaili Dina Tecimer -- Accommodation
Bakhtiar Lailee -- First American Title Ins Co
Lailee Bakhtiar Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kouitorou Eleni $1,783,300
Previous Owner Poms David $875,000
Previous Owner Bakhtiar Lailee $688,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2023 10/04/23 Sold $2,098,000 -0.1% $1,408 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $2,100,000 +0.1% $1,409 / Sq Ft
07/06/2023 07/06/23 Off Market $2,098,000 -- --
06/27/2023 06/27/23 Price Changed $2,100,000 -8.7% $1,409 / Sq Ft
03/17/2023 03/17/23 Price Changed $2,300,000 -4.2% $1,544 / Sq Ft
01/19/2023 01/19/23 For Sale $2,400,000 +12.3% $1,611 / Sq Ft
09/19/2017 09/19/17 Sold $2,137,500 -1.5% $1,435 / Sq Ft View Prior Sale
09/19/2017 09/19/17 Pending -- -- --
08/31/2017 08/31/17 Price Changed $2,170,000 -9.1% $1,456 / Sq Ft
06/15/2017 06/15/17 For Sale $2,388,000 +91.0% $1,603 / Sq Ft
12/25/2012 12/25/12 Sold $1,250,000 -2.0% $839 / Sq Ft View Prior Sale
10/01/2012 10/01/12 For Sale $1,275,000 -- $856 / Sq Ft
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 $24,858 $2,139,960 $1,711,560 $428,400
2024 $24,858 $2,098,000 $1,678,000 $420,000
2023 $27,713 $2,338,211 $1,531,102 $807,109
2022 $27,376 $2,292,365 $1,501,081 $791,284
2021 $26,636 $2,247,418 $1,471,649 $775,769
2019 $26,191 $2,180,760 $1,428,000 $752,760
2018 $24,655 $2,138,000 $1,400,000 $738,000
2016 $18,153 $1,553,301 $1,035,534 $517,767
2015 $17,919 $1,529,970 $1,019,980 $509,990
2014 $17,656 $1,500,000 $1,000,000 $500,000
Source: Public Records

Agents Affiliated with this Home

  • Tracey Hennessey

    Seller's Agent in 2023

    Tracey Hennessey

    Compass

    (310) 779-6375

    8 in this area

    22 Total Sales

    Tracey Hennessey
    Section Image
  • David Kramer

    Buyer's Agent in 2023

    David Kramer

    Compass

    (310) 691-2400

    12 in this area

    117 Total Sales

    David Kramer
    Section Image
  • Andrew Buss

    Buyer Co-Listing Agent in 2023

    Andrew Buss

    Compass

    (310) 487-4437

    12 in this area

    39 Total Sales

    Andrew Buss
    Section Image
  • David Solomon

    Seller's Agent in 2017

    David Solomon

    Douglas Elliman of California, Inc.

    (310) 633-4922

    16 in this area

    163 Total Sales

    David Solomon
    Section Image
  • Shawn Halan

    Seller Co-Listing Agent in 2017

    Shawn Halan

    Bren and Furstenfeld Estates, Inc.

    (949) 505-2226

    15 Total Sales

    Shawn Halan
    Section Image

  • A

    Seller's Agent in 2012

    Allen Aghai

    Extar

    (310) 315-9622

    Allen Aghai
    Section Image
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About Park Plaza Condominiums

Map

Source: The MLS

MLS Number: 23-233963

The MLS

APN: 4293-008-064

California Los Angeles County Santa Monica 90402 North of Montana

515 Ocean Ave Unit 405S, Santa Monica, CA

Not Listed for Sale

Condos

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