NOT LISTED FOR SALE

701 Ocean Ave Unit PHG Santa Monica, CA 90402

North of Montana Neighborhood

Estimated Value: $3,450,304 - $4,254,000

2 Beds
2.5 Baths
1,924 Sq Ft
$1,600/mo HOA Fee

Last Sold October 31, 2019

Last sale price $3,500,000 $1,819 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $25,894/month

40 Days on Market

Highlights

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

About This Home

As of October 2019

Extraordinary penthouse unit in the coveted 701 Ocean building. This single level, 1,924 sqft, 2 bedroom + 2.5 bath condo is one of a kind. Truly move-in-ready with new carpets and fresh paint. Located in the northeast corner of the building, this is the only unit with no one above! From the terrace enjoy stunning ocean, mountain and city views. Fantastic natural light illuminates the unit from all 3 sides, while new plantation shutters keep it cool year-round. The chef's kitchen features Viking appliances and a Sub-Zero fridge, along with elegant granite countertops. Marble countertops accentuate the unit's bright bathrooms. Built in 1994, this incredibly well-maintained building has all the amenities; 24/7 security, pristine rooftop pool with event & barbecue space, full modern gym, banquet and catering rooms- you'll never want to leave home! Private storage room and two side-by-side parking spaces. Luxury living in the best location on Ocean Avenue!

Last Agent to Sell the Property

Brett Silver

Compass License #01193551 Listed on: 09/05/2019

Compass

Co-Listed By

Vincent Van Patten

Compass License #02057711

Last Buyer's Agent

Rosalind Armitage

Coldwell Banker Realty License #01944250

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,977

Year Built

  • Built in 1994

Lot Details

  • 0.96

HOA Fees

  • $1,600 Monthly HOA Fees

Property Views

  • Ocean
  • City Lights
  • Mountain

Home Design

  • Penthouse

Interior Spaces

  • 1,924 Sq Ft Home
  • 4-Story Property
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Alarm System

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Garage
  • Side by Side Parking
  • Gated Parking

Outdoor Features

  • Heated In Ground Pool
  • Covered Patio or Porch

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4293-014-207

Community Details

Overview

  • 31 Units

Amenities

  • Concierge
  • Sundeck
  • Banquet Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$43,977

Year Built

Built in 1994

Lot Details

0

HOA Fees

$1,600 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: 701 Ocean Ave.
  • Entry Floor: 4
  • Living Area: 1924
  • Planned Urban Dev: 0
  • Stories: 4
  • Unit Floor In Building: 4
  • Year Built: 1994
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Gas
  • Flooring: Carpet, Hardwood, Marble
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1922.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Community, Heated
  • Pool: Yes
  • View: City Lights, Mountains, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Gated, Side By Side, Subterranean
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: 24 Hour, Gated, Guarded

Association/Amenities

  • Amenities: Banquet, Concierge, Elevator, Exercise Room, Extra Storage, Pool, Security, Spa, Sun Deck
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1600.00
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4293-014-207
  • Geocode Override: No

Multi Family

  • Number Of Units: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2019
Closed on
Oct 10, 2019
Sold by
Montogmery Scott A
Bought by
Healy Peter T and Healy Viriginia Mccomeck
Seller's Agent
Brett Silver
Compass
Buyer's Agent
Rosalind Armitage
Coldwell Banker Realty
List Price
$3,699,000
Sold Price
$3,500,000
Premium/Discount to List
-$199,000
-5.38%
Current Estimated Value
$3,786,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,077
Avg. Annual Appreciation
1.32%
Original Mortgage
$2,000,000
Outstanding Balance
$1,746,266
Interest Rate
3.12%
Estimated Equity
$2,030,502

Purchase Details

Closed on
Jul 18, 2007
Sold by
Hayes Cynthia and Hayes Nancy Gates
Bought by
Montgomery Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2002
Sold by
Hayes Cynthia
Bought by
Hayes Nancy Gates and Nancy Hayes Trust

Purchase Details

Closed on
Oct 15, 2001
Sold by
Walker William A and Walker Gloria V
Bought by
Hayes Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6%

Purchase Details

Closed on
Aug 5, 1994
Sold by
Avenue 701 Ocean
Bought by
Walker William A and Walker Gloria
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
Healy Peter T $3,500,000 Lawyers Title
Montgomery Scott A -- Fidelity Van Nuys
Hayes Nancy Gates $212,500 --
Hayes Cynthia $1,100,000 Equity Title Company
Walker William A -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Healy Peter T $2,000,000
Previous Owner Montgomery Scott A $472,000
Previous Owner Montgomery Scott A $472,000
Previous Owner Montgomery Scott A $472,000
Previous Owner Montgomery Scott A $1,980,000
Previous Owner Hayes Cynthia $100,000
Previous Owner Hayes Cynthia $675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2019 10/31/19 Sold $3,500,000 -5.4% $1,819 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $3,699,000 -- $1,923 / 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 $43,977 $3,827,759 $2,187,291 $1,640,468
2024 $43,977 $3,752,705 $2,144,403 $1,608,302
2023 $43,275 $3,679,123 $2,102,356 $1,576,767
2022 $42,759 $3,606,984 $2,061,134 $1,545,850
2021 $41,746 $3,536,260 $2,020,720 $1,515,540
2019 $31,298 $2,610,000 $2,082,700 $527,300
2018 $30,035 $2,610,000 $2,082,700 $527,300
2016 $31,663 $2,746,214 $2,191,425 $554,789
2015 $31,255 $2,704,964 $2,158,508 $546,456
2014 $24,470 $2,515,300 $1,886,500 $628,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brett Silver

    Compass

    (310) 382-8500

    8 Total Sales

    Section Image

  • V

    Seller Co-Listing Agent in 2019

    Vincent Van Patten

    Compass

  • Rosalind Armitage

    Buyer's Agent in 2019

    Rosalind Armitage

    Coldwell Banker Realty

    (310) 779-6153

    10 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 19-507542

The MLS

APN: 4293-014-207

California Los Angeles County Santa Monica 90402 North of Montana

701 Ocean Ave Unit PHG, Santa Monica, CA

This home is located at 701 Ocean Ave Unit PHG, Santa Monica, CA 90402 since 05 September 2019 and is currently estimated at $3,776,768, approximately $1,962 per square foot. This property was built in 1994. 701 Ocean Ave Unit PHG 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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