NOT LISTED FOR SALE

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

North of Montana Neighborhood

Estimated Value: $5,033,000 - $6,754,000

3 Beds
4.5 Baths
3,175 Sq Ft
1.55 Acres

Last Sold March 05, 2013

Last sale price $4,800,000 $1,512 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $37,027/month

56 Days on Market

Highlights

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

About This Home

As of March 2013

Rare offering. Sweeping ocean views up and down the coast from this exclusive Santa Monica Penthouse condominium. The penthouse is located in the most exclusive full service building on Ocean Avenue built as condominiums and not as apartments. Enjoy watching the glistening waves of the Pacific ocean as well as the gorgeous sunsets from most every room . Dramatic high ceilings with floor to ceiling windows throughout the unit that capture the stunning views. The grand and spacious living and dining room area flows to two separate terraces that overlook Palisades Park and the ocean. There is a large wood paneled den w/ fireplace and wet bar. A gourmet kitchen with center island and breakfast area. The generous Master suite has separate his and hers baths each with its' own walk in closet. There are two additional en suite bedrooms and baths. One is currently being used as a home office with built in desk. Laundry room. Separate storage. Pool, gym and 24 hour concierge.

Last Agent to Sell the Property

Jane Siegal

Coldwell Banker Realty License #00793259 Listed on: 01/07/2013

Coldwell Banker Realty

Last Buyer's Agent

Ted Cohan

TED COHANIM License #01454949

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $67,569

Year Built

  • Built in 1976

Lot Details

  • 1.55

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,175 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Den with Fireplace
  • Center Hall

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room
  • 4.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Side by Side Parking

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4293-008-138

Community Details

Overview

  • 88 Units
  • High-Rise Condominium

Amenities

  • Concierge
  • Valet Parking
  • Sundeck
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$67,569

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Park Plaza
  • Entry Floor: 8
  • Living Area: 3175
  • Planned Urban Dev: 0
  • Stories: 1
  • Unit Floor In Building: 8
  • Year Built: 1976
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room
  • Flooring: Carpet, Marble, Mixed
  • Bedrooms: 3
  • Fireplaces: 2
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 4.50
  • Den: 1
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1637.80

Exterior Features

  • Balcony: Yes
  • Tennis Court Y/N: No
  • Exposure: W - N - S
  • Pool Description: Community
  • Pool: Yes
  • View: Green Belt, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central

Association/Amenities

  • Amenities: Concierge, Controlled Access, Elevator, Exercise Room, Extra Storage, Pool, Sun Deck, Valet Parking
  • Pet Rules: Assoc Pet Rules, Call, Breed Restrictions

Condo/Co-op/Association

  • HOA Fees: 2359.00
  • Unit Location: Front

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4293-008-138
  • Geocode Override: No

Multi Family

  • Number Of Units: 88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2013
Closed on
Feb 21, 2013
Sold by
Siegal Jon Samuel and Siegal Jane Ann
Bought by
Oizumi Jun and The J Oizumi Living Trust
Seller's Agent
Jane Siegal
Coldwell Banker Realty
Buyer's Agent
Ted Cohan
TED COHANIM
List Price
$5,200,000
Sold Price
$4,800,000
Premium/Discount to List
-$400,000
-7.69%
Current Estimated Value
$5,762,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$962,126
Avg. Annual Appreciation
1.47%

Purchase Details

Closed on
Sep 25, 1995
Sold by
Siegal Janet C and The Janet C Siegal Separate Pr
Bought by
Siegal Jack L and Siegal Janet C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
7.25%
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
Oizumi Jun $4,800,048 Equity Title Los Angeles
Siegal Jack L -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siegal Jack L $650,000
Previous Owner Siegal Jack L $880,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2013 03/05/13 Sold $4,800,000 -7.7% $1,512 / Sq Ft
03/04/2013 03/04/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $5,200,000 -- $1,638 / 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 $67,569 $5,910,848 $3,694,281 $2,216,567
2024 $67,569 $5,794,950 $3,621,845 $2,173,105
2023 $66,493 $5,681,325 $3,550,829 $2,130,496
2022 $65,710 $5,569,927 $3,481,205 $2,088,722
2021 $64,166 $5,460,714 $3,412,947 $2,047,767
2019 $63,118 $5,298,748 $3,311,718 $1,987,030
2018 $59,408 $5,194,852 $3,246,783 $1,948,069
2016 $57,312 $4,993,131 $3,120,707 $1,872,424
2015 $56,580 $4,918,131 $3,073,832 $1,844,299
2014 $55,712 $4,821,792 $3,013,620 $1,808,172
Source: Public Records

Agents Affiliated with this Home

  • Jane Siegal

    Seller's Agent in 2013

    Jane Siegal

    Coldwell Banker Realty

    (310) 777-6371

    3 in this area

    30 Total Sales

    Jane Siegal
    Section Image

  • T

    Buyer's Agent in 2013

    Ted Cohan

    TED COHANIM

    (310) 612-6999

    1 Total Sale

    Ted Cohan
    Section Image
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About Park Plaza Condominiums

Map

Source: The MLS

MLS Number: 13-643343

The MLS

APN: 4293-008-138

California Los Angeles County Santa Monica 90402 North of Montana

515 Ocean Ave Unit NPHA, Santa Monica, CA

This home is located at 515 Ocean Ave Unit NPHA, Santa Monica, CA 90402 since 07 January 2013 and is currently estimated at $5,762,126, approximately $1,814 per square foot. This property was built in 1976. 515 Ocean Ave Unit NPHA is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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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.
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