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$2,795,000

Beds
3
Baths
3.0
sq ft
2,010

125 Pacific St Unit 1, Santa Monica, CA 90405

125 Pacific St Unit 1

Santa Monica, CA 90405

  • 71 days on market
    • Price drop $105,000↓
Welcome to your dream beachside retreat in the coveted Ocean Park neighborhood, just 120 steps away from the glistening sands and soothing waves. This indoor-outdoor designed beach house offers the epitome of coastal luxury living. Ascend to your private rooftop deck, where panoramic ocean views and a bubbling spa await, offering the perfect sanctuary to unwind and savor breathtaking sunsets. Inside, revel in the spacious loft-style layout, adorned with premium amenities and designed for both relaxation and creativity. Central to the world-famous Santa Monica Pier and Main St. restaurants, this residence offers the ideal blend of tranquility and convenience. Indulge in the ultimate entertainment experience with the house-wide speaker system, seamlessly extending from the expansive living spaces to the rooftop oasis. Ample parking is at your disposal with an attached garage, ensuring both security and convenience. Nestled within a secure 9-home complex, you can rest assured knowing your privacy is paramount. Experience the epitome of modern living with the fastest fiber-optic internet and central air conditioning and heating. Embrace the coastal lifestyle with gas and water hookups on the rooftop, perfect for al fresco dining and entertaining under the stars. Additionally, two lower outdoor patios, one equipped with an outdoor shower, cater to beach enthusiasts. The gourmet kitchen boasts top-of-the-line Miele appliances including a refrigerator, gas stove, and oven with upper convection and microwave capabilities. Retreat to the luxurious master bathroom featuring a Jacuzzi tub and walk-in shower, while the second floor offers a private balcony off the second bedroom. Recent upgrades include a new HVAC system with a 5-ton carrier unit and digital thermostat, newly painted rooftop and outdoor patios, newly treated non-slip sealed stone flooring on the first floor, a revamped second-floor bathroom shower, and freshly painted handrails throughout. With proximity to the Farmers Market, Third Street Promenade shops, and restaurants, along with secure gated underground parking, this residence encapsulates the pinnacle of coastal living in Santa Monica. Experience luxury redefined in this exclusive retreat by the sea.

Details

Property type

Townhouse

Est. home value

$2,426,643

Property condition

Updated/Remodeled

Lot size

0.4149 acres

Price per sq ft

$1,391

Year built

2011

Monthly HOA fee

$600

Price History

05/25/2024
CLAW

CLAW #24383947

Price change
$2,795,000
-3.62%
04/25/2024
CLAW

CLAW #24383947

Listed
$2,900,000
+23.4%
08/09/2019
CLAW

CLAW #19462320

Sold
$2,350,000

Schools & Community

Neighborhood: 

Santa Monica Pier Area/Ocean Avenue

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$701,594
Asking price
$2,795,000
Closing costs (~8% of asking)
-$223,600
Est. remaining loan balance
-$1,869,806
Cash to seller
$701,594

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

May 2021

Original loan amount

$2,000,000

Est. remaining balance

$1,869,806

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Mark Harold Johnston and Kasumi Charlotte Mihori

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/05/2024 at 9:45 PM

Listing updated: 06/25/2024 at 12:43 PM

Listed by: Ross Weinstein, Compass Phone #: (310) 820-0195

MLS: CLAW #24383947

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