$1,396,000 - $3,219,217
RENTED AUG 2, 2025

Park Plaza Condominiums 515 Ocean Ave Unit 506N Santa Monica, CA 90402

North of Montana Neighborhood
2 Beds
2 Baths
1,490 Sq Ft
1.55 Acres

Last Sold February 27, 2014

Last sale price $1,400,000 $940 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $13,975/month

Highlights

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

About This Home

As of August 2025

Enjoy beautiful ocean views from this lovely 2 bedroom, 2 bathroom condominium in Park Plaza, one of the nicest buildings on Ocean Avenue. Updated kitchen with new appliances. Spacious ocean facing balcony accessible from living area and bedrooms. Two side-by-side parking spaces and storage area. Amenity rich building offers concierge, pool, spa and large sundeck, banquet room and fitness room. Minutes from upscale boutiques/restaurants on Montana Avenue, Ocean Avenue, the 3rd St. Promenade, and Santa Monica Place.

Last Agent to Rent the Property

Julie Lovett

Coldwell Banker Realty License #00803205 Listed on: 06/23/2025

Coldwell Banker Realty

Last Renter's Agent

David Becker

Compass License #01403703

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,901

Year Built

  • Built in 1976

Lot Details

  • 1.55

Property Views

  • Ocean
  • Trees

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1,490 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Laundry Room

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Garage Space

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $16,300
  • Tenant pays for electricity, gas, move in fee, move out fee, cable TV
  • 12 Month Lease Term
  • Assessor Parcel Number 4293-008-116

Community Details

Overview

  • 88 Units
  • Low-Rise Condominium

Amenities

  • Sundeck
  • Banquet Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Controlled Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,901

Year Built

Built in 1976

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Security Deposit: 16300
  • Tenant Pays: Electricity, Gas, Move In Fee, Move Out Fee, Cable TV

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1490
  • Monthto Month: No
  • Year Built: 1976
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Flooring: Carpet, Stone
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 5.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Community
  • Pool: Yes
  • Roof: Composition
  • View: Tree Top, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Banquet, Controlled Access, Elevator, Exercise Room, Pool, Security, Spa, Sun Deck
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4293-008-116
  • Lot Size Area: 67408

Multi Family

  • Number Of Units: 88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2020
Sold by
Wu Tong Shan
Bought by
Marguerita Sky Llc
Current Estimated Value
$2,505,804
Source: Public Records

Range of Values:

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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
Marguerita Sky Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2025 08/02/25 Rented $8,250 +1.2% --
07/28/2025 07/28/25 Under Contract -- -- --
06/23/2025 06/23/25 For Rent $8,150 0.0% --
06/19/2025 06/19/25 Under Contract -- -- --
06/10/2025 06/10/25 For Rent $8,150 +19.9% --
01/21/2022 01/21/22 Rented $6,800 0.0% --
10/29/2021 10/29/21 For Rent $6,800 +8.4% --
11/15/2017 11/15/17 Rented $6,275 -3.5% --
10/27/2017 10/27/17 For Rent $6,500 0.0% --
02/27/2014 02/27/14 Sold $1,400,000 0.0% $940 / Sq Ft
11/15/2013 11/15/13 Rented $5,300 -99.6% --
11/15/2013 11/15/13 Under Contract -- -- --
10/17/2013 10/17/13 For Sale $1,495,000 0.0% $1,003 / Sq Ft
03/13/2013 03/13/13 For Rent $5,600 -- --
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 $8,901 $727,341 $350,844 $376,497
2024 $8,901 $713,080 $343,965 $369,115
2023 $8,756 $699,099 $337,221 $361,878
2022 $8,637 $1,886,184 $408,000 $1,478,184
2021 $8,406 $671,954 $324,127 $347,827
2020 $8,347 $665,065 $320,804 $344,261
2019 $8,258 $652,025 $314,514 $337,511
2018 $7,782 $639,242 $308,348 $330,894
2016 $7,485 $614,421 $296,375 $318,046
2015 $7,386 $605,193 $291,924 $313,269
2014 $7,288 $593,339 $286,206 $307,133
Source: Public Records

Agents Affiliated with this Home

  • Julie Lovett

    Landlord's Agent in 2025

    Julie Lovett

    Coldwell Banker Realty

    (310) 339-7109

    1 in this area

    11 Total Sales

    Julie Lovett
    Section Image

  • D

    Tenant's Agent in 2025

    David Becker

    Compass

    (310) 795-8908

    1 in this area

    6 Total Sales

    David Becker
    Section Image
  • Chris Hicks

    Seller Co-Listing Agent in 2022

    Chris Hicks

    The Agency

    (310) 564-7030

    14 in this area

    38 Total Sales

    Chris Hicks
    Section Image
  • Sara Demsky

    Buyer's Agent in 2022

    Sara Demsky

    Keller Williams Los Angeles

    (310) 569-9089

    37 Total Sales

    Sara Demsky
    Section Image
  • Fiora Aston

    Seller's Agent in 2014

    Fiora Aston

    Compass

    (310) 480-3585

    4 in this area

    38 Total Sales

    Fiora Aston
    Section Image
  • Jack Dunn

    Buyer's Agent in 2014

    Jack Dunn

    Jack Dunn

    (323) 708-8800

    6 Total Sales

    Jack Dunn
    Section Image
See All Agents

About Park Plaza Condominiums

Map

Source: The MLS

MLS Number: 25550649

The MLS

APN: 4293-008-116

California Los Angeles County Santa Monica 90402 North of Montana

515 Ocean Ave Unit 506N, Santa Monica, CA

This home is located at 515 Ocean Ave Unit 506N, Santa Monica, CA 90402 since 23 June 2025 and is currently priced at $2,505,804. This property was built in 1976. 515 Ocean Ave Unit 506N 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.

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