NOT LISTED FOR SALE

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

North of Montana Neighborhood

Estimated Value: $6,210,000 - $7,118,000

3 Beds
4.5 Baths
3,175 Sq Ft
1.55 Acre Lot

Sale Details

Date Sold: December 20, 2017

Last sale price $6,550,000 $2,063 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $46,032 / mo

55 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Home Theater
  • White Water Ocean Views
  • Gated with Attendant
  • Heated In Ground Pool

About This Home

As of December 2017

Once in a lifetime opportunity to own the exclusive N/W corner Penthouse of Santa Monica's prestigious Park Plaza on Ocean Avenue. Only a few penthouses in Santa Monica can offer the breathtaking views, space & privacy offered here. First time on market (original owner), this penthouse features rare, unobstructed views of the ocean, Malibu, Santa Monica Mountains & the Santa Monica Pier. Floor-to-ceiling windows throughout capture stunning ocean/sunset views from each room. Large west facing balcony. The second balcony faces N/W, runs the length of the unit & has direct access into the kitchen/breakfast area, master bedroom & the two additional bedrooms (on-suite bathrooms). Unit features pantry/laundry room with separate service access. Building includes 24-hour concierge, security, valet, pool, spa, fitness facility and conference room. Located walking distance to chic Montana Ave. shops, restaurants, cafs, 3rd Street Promenade and Palisades Park. See pvt remarks for all showings.

Last Agent to Sell the Property

Brian Maser

The Condo Experts License #01340306 Listed on: 06/22/2017

Last Buyer's Agent

Brian Maser

The Condo Experts License #01340306 Listed on: 06/22/2017

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1976

Lot Details

  • 1.55

HOA Fees

  • $2,983 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Catalina
  • Panoramic
  • City Lights
  • Trees
  • Bluff
  • Mountain

Home Design

  • Contemporary Architecture
  • Entry on the 8th floor

Interior Spaces

  • 3,175 Sq Ft Home
  • Bar
  • Gas Fireplace
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Laundry Room

Kitchen

  • Breakfast Room
  • Breakfast Bar

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Powder Room

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Garage Door Opener
  • Circular Driveway
  • Gated Parking
  • Guest Parking
  • Controlled Entrance

Pool

  • Heated In Ground Pool
  • Exercise

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4293-008-135

Community Details

Overview

  • 88 Units
  • Maintained Community
  • 8-Story Property

Amenities

  • Concierge
  • Valet Parking
  • Meeting Room
  • Elevator
  • Service Entrance
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1976

Lot Details

1.55 Acres

HOA Fees

$2,983 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Park Plaza
  • Entry Floor: 8
  • Living Area: 3175
  • Planned Urban Dev: 0
  • Stories: 8
  • Year Built: 1976
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Gas, Gas Starter, Living Room
  • Bedrooms: 3
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit, Inside, Laundry Area
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 2157.48

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool, Community, Exercise Pool, Heated
  • Pool: Yes
  • View: Bay, Bluff, Catalina, City, City Lights, Coastline, Mountains, Ocean, Panoramic, Tree Top, Water, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Circular Driveway, Community Garage, Controlled Entrance, Door Opener, Gated, Parking for Guests, Parking for Guests - Onsite, Side By Side, Subterranean
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: Community, Gated Community with Guard, Resident Manager

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Concierge, Conference, Controlled Access, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Community, Gated Community Guard, Gated Parking, Meeting Room, Onsite Property Management, Pool, Spa, Valet Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 2983.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4293-008-135
  • Geocode Override: No
  • Lot Size Area: 67408

Multi Family

  • Number Of Units: 88

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2017
Closed on
Dec 15, 2017
Sold by
Bought by
Seller's Agent
Brian Maser
The Condo Experts
Buyer's Agent
Brian Maser
The Condo Experts
List Price
$7,250,000
Sold Price
$6,550,000
Premium/Discount to List
-$700,000
-9.66%
Current Estimated Value
$6,689,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,614
Avg. Annual Appreciation
0.24%
Original Mortgage
$3,000,000
Outstanding Balance
$2,468,870
Interest Rate
3.9%
Mortgage Type
Seller Take Back
Estimated Equity
$4,220,744

Purchase Details

Closed on
Mar 14, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,321,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 14, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,331,550
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 3, 2006
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in North of Montana, CA

  • Sebastian Wolski Real Estate Agent - Compass

    Sebastian Wolski

    Compass

    (747) 246-7875

    45 Total Sales

    21 in North of Montana

    $760K - $2.8M Price Range

    Sebastian Wolski
     Section Image
  • Mimi and Jon Torp Real Estate Agent - Compass

    Mimi and Jon Torp

    Compass

    (833) 891-7228

    23 Total Sales

    1 in North of Montana

    $5,100,000 Price

    Mimi and Jon Torp
     Section Image
  • Donald Heller Real Estate Agent - Christie's International Real Estate SoCal

    Donald Heller

    Christie's International Real Estate SoCal

    (424) 238-6571

    113 Total Sales

    5 in North of Montana

    $7M - $10.5M Price Range

    Donald Heller
     Section Image
  • Laura Klein Real Estate Agent - KRE + Associates

    Laura Klein

    KRE + Associates

    (213) 900-2162

    56 Total Sales

    1 in North of Montana

    $722,500 Price

    Laura Klein
     Section Image
  • Cynthia Perez Brown Real Estate Agent - Sotheby's International Realty

    Cynthia Perez Brown

    Sotheby's International Realty

    (424) 367-1611

    23 Total Sales

    1 in North of Montana

    $5,077,311 Price

    Cynthia Perez Brown
     Section Image
  • Cindy Ambuehl Real Estate Agent - Christie's International Real Estate SoCal

    Cindy Ambuehl

    Responds Quickly

    Christie's International Real Estate SoCal

    (747) 294-3863

    118 Total Sales

    11 in North of Montana

    $2.1M - $16.8M Price Range

    Cindy Ambuehl
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,550,000 Fidelity
-- Equity Title Company
-- Equity Title Company
-- Lawyers Title
-- Accommodation
-- Equity Title
-- Accommodation
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,000,000
Previous Owner $1,321,000
Previous Owner $1,331,550
Previous Owner $1,350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/20/2017 12/20/17 Sold $6,550,000 -4.4% $2,063 / Sq Ft
08/16/2017 08/16/17 Pending -- -- --
07/11/2017 07/11/17 Price Changed $6,850,000 -5.5% $2,157 / Sq Ft
06/22/2017 06/22/17 For Sale $7,250,000 -- $2,283 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $90,576 $7,452,779 $4,551,316 $2,901,463
2024 $84,987 $7,306,647 $4,462,075 $2,844,572
2023 $83,634 $7,163,381 $4,374,584 $2,788,797
2022 $82,654 $7,022,923 $4,288,808 $2,734,115
2021 $80,723 $6,885,219 $4,204,714 $2,680,505
2019 $79,408 $6,681,000 $4,080,000 $2,601,000
2018 $74,736 $6,550,000 $4,000,000 $2,550,000
2017 $9,101 $736,539 $422,017 $314,522
2016 $8,780 $722,098 $413,743 $308,355
2015 $8,665 $711,253 $407,529 $303,724
2014 $8,549 $697,322 $399,547 $297,775
Source: Public Records

Agents Affiliated with this Home

  • Brian Maser Real Estate Agent - The Condo Experts

    Seller's Agent in 2017

    Brian Maser

    The Condo Experts

    (310) 460-7917

    1 in this area

    145 Total Sales

    Brian Maser
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About Park Plaza Condominiums

Map

Source: The MLS

MLS Number: 17-244294

The MLS

APN: 4293-008-135

California Los Angeles County Santa Monica 90402 North of Montana

515 Ocean Ave Unit NPHC, Santa Monica, CA

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The MLS © 2026 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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