NOT LISTED FOR SALE

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

North of Montana Neighborhood

Estimated Value: $4,471,000 - $5,023,051

4 Beds
3.5 Baths
3,175 Sq Ft
1.55 Acres

Highlights

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

About This Home

As of January 2022

Phenomenal large and fully renovated Ocean Avenue South Penthouse #D, located north of Montana in a desirable full-service building. Rarely do properties of this quality, size, and dramatic ocean views from most rooms become available. Completely remodeled and re-imagined using quality and tasteful materials. Enter this spacious single-level condo into a huge great room that is well oriented towards the gorgeous ocean and city views. Enjoy coastal breezes when opening the walls of Fleetwood doors that lead to the expansive balcony. Beautiful wide plank oak flooring throughout with natural finish. Great floor plan with 4 bedrooms (or 3+ den) and 4 bathrooms. Spacious primary suite accompanied by a luxurious grand bath with beautiful finishes and dual walk-in closets. Gourmet chef's kitchen with high end stainless appliances and large center island. Association offers 24-hour security, doorman, valet, gym, conference room, pool and spa. Side by side parking with electric car hookup and ample guest parking. Premiere Santa Monica location across from Palisades Park and close to all that Santa Monica has to offer. This is a rare offering for sale or lease. Available Furnished for $25,000/mos

Last Agent to Rent the Property

Steven Moritz

Sotheby's International Realty License #00928961 Listed on: 11/12/2021

Sotheby's International Realty

Co-Listed By

Kelli Prather

Sotheby's International Realty License #01822946

Last Renter's Agent

Steven Moritz

Sotheby's International Realty License #00928961 Listed on: 11/12/2021

Sotheby's International Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $37,657

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • End Unit
  • West Facing Home

Parking

  • 2 Car Attached Garage
  • Automatic Gate
  • Parking Garage Space
  • Controlled Entrance

Property Views

  • Ocean
  • City Lights
  • Mountain

Home Design

  • Penthouse
  • Contemporary Architecture

Interior Spaces

  • 3,175 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Vertical Blinds
  • Window Screens
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den

Kitchen

  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $40,000
  • Tenant pays for electricity, gas, move in fee, cable TV
  • 1-Month Minimum Lease Term
  • 12 Month Lease Term
  • Assessor Parcel Number 4293-008-093

Community Details

Amenities

  • Valet Parking
  • Meeting Room
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Additional Features

  • Low-Rise Condominium
  • Rent Control

Condo Details

Home Type

Condominium

Est. Annual Taxes

$37,657

Year Built

Built in 1976 | Remodeled

Lot Details

0

Parking

2

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Furnished: Furnished Or Unfurnished
  • Lease Length: 1
  • Lease Option: 1
  • Rent Control: Yes
  • Security Deposit: 40000
  • Tenant Pays: Electricity, Gas, Move In Fee, Cable TV

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Entry Location: Penthouse
  • Lease Terms: 1+Year
  • Living Area: 3175
  • Lot Acreage: 1.5475
  • Monthto Month: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1976
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Appliances: Cooktop - Gas, Oven, Range Hood, Range, Microwave
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: In Kitchen, Kitchen Island, Formal Dining Rm, Dining Area
  • Kitchen Features: Remodeled
  • Laundry: In Unit, Inside, Room
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Alarm System, Elevator, Garbage Disposal, Intercom, Dryer, Washer, Dishwasher, Refrigerator, Range/Oven, Ice Maker
  • Fireplace: Yes
  • Price Per S Q F T: 6.30
  • Windows: Vertical Blinds, Screens

Exterior Features

  • Balcony: Yes
  • Direction Faces: West
  • Other Features: Balcony, End Unit, Custom Built, High Ceilings (9 Feet+)
  • Exposure: South West
  • Pool Description: Association Pool, Heated, Community
  • Pool: Yes
  • Spa: Community, Association Spa, Heated
  • Spa Yn: Yes
  • View: City, Water, Ocean, Mountains, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached, Auto Driveway Gate, Controlled Entrance, Community Garage, Covered Parking

Utilities

  • Volt 220: In Garage
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Resident Manager, Gated Community with Guard, Guarded

Association/Amenities

  • Amenities: Conference, Controlled Access, Exercise Room, Elevator, Fitness Center, Gated Community, Gated Community Guard, Spa, Pool, Valet Parking
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4293-008-093
  • Lot Description: Gated Community, Gated with Guard
  • Lot Size Area: 67408

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2018
Sold by
Baran Joshua Charles and Baran Family Trust
Bought by
Champaneri Jyot and Champaneri Kanuja
Current Estimated Value
$4,737,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,340,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2013
Sold by
Baran Ephraim
Bought by
Baran Ephram and Trusta

Purchase Details

Closed on
Jun 28, 1993
Sold by
Spiegel Lillian and City National Bank
Bought by
Baran Ephraim
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
Champaneri Jyot $2,925,000 Old Republic Title Company
Baran Ephram -- None Available
Baran Ephraim $790,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Champaneri Jyot $2,340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Rented $25,000 +25.0% --
11/12/2021 11/12/21 For Rent $20,000 -- --
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 $37,657 $3,262,888 $1,561,724 $1,701,164
2024 $37,657 $3,198,910 $1,531,102 $1,667,808
2023 $37,057 $3,136,187 $1,501,081 $1,635,106
2022 $36,612 $3,074,695 $1,471,649 $1,603,046
2021 $35,732 $3,014,408 $1,442,794 $1,571,614
2020 $35,491 $2,983,500 $1,428,000 $1,555,500
2019 $35,143 $2,925,000 $1,400,000 $1,525,000
2018 $3,576 $258,837 $102,003 $156,834
2016 $3,322 $248,788 $98,043 $150,745
2015 $2,899 $245,052 $96,571 $148,481
2014 $2,866 $240,253 $94,680 $145,573
Source: Public Records

Agents Affiliated with this Home

  • Steven Moritz

    Landlord's Agent in 2022

    Steven Moritz

    Sotheby's International Realty

    (310) 871-3636

    1 in this area

    58 Total Sales

    Steven Moritz
    Section Image
  • Kelli Prather

    Landlord's Co-Listing Agent in 2022

    Kelli Prather

    Sotheby's International Realty

    (310) 487-1403

    1 in this area

    33 Total Sales

    Kelli Prather
    Section Image
See All Agents

About Park Plaza Condominiums

Map

Source: The MLS

MLS Number: 21-104967

The MLS

APN: 4293-008-093

California Los Angeles County Santa Monica 90402 North of Montana

515 Ocean Ave Unit Penthouse, Santa Monica, CA

This home is located at 515 Ocean Ave Unit Penthouse, Santa Monica, CA 90402 since 12 November 2021 and is currently priced at $4,737,350. This property was built in 1976. 515 Ocean Ave Unit Penthouse 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.
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