tomo logo

$810,000

Beds
1
Baths
1.0
sq ft
868

201 Ocean Ave Unit 1105B, Santa Monica, CA 90402

201 Ocean Ave Unit 1105B

Santa Monica, CA 90402

  • 64 days on market
    • Price drop $89,000↓
Welcome to Santa Monica's best oceanfront residence adjacent to the iconic Santa Monica Beach and Palisades Park. This is a beautifully updated quiet, back facing unit with stunning views of the Santa Monica Mountains. Offering not just a home but a lifestyle experience, this unit blends resort-style amenities with high-end urban living. Enjoy beautiful Santa Monica Mountain Views from this back facing 11th floor unit. With exclusive features like a state-of-the-art fitness center with sauna, a pool and spa, 24-hour concierge and security, valet parking, and optional maid service, convenience and luxury are at your fingertips. Situated steps away from Santa Monica's finest dining on Montana Avenue, Third Street Promenade, and Ocean Avenue, culinary adventures await you. The unit itself boasts a spacious open-concept floor plan perfect for entertaining, wood flooring, and balcony. Your kitchen comes fitted with stainless steel appliances and custom cabinetry. Seize this opportunity to live your dream Santa Monica lifestyle at Ocean Towers, a statement of who you are, awaiting your arrival. Unit is available unfurnished only.

Details

Property type

Stock Cooperative

Est. home value

$888,366

Lot size

1.3258 acres

Price per sq ft

$934

Year built

1971

Monthly HOA fee

$1,261.04

Price History

10/23/2024
CLAW

CLAW #24441571

Price change
$810,000
-9.9%
09/17/2024
CLAW

CLAW #24441571

Listed
$899,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Seller’s Loan History

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

Lender

Ocean Towers Housing Corporation

Loan start date

October 2022

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

5.89%

Loan type

Commercial

Seller

John Spahi and Ascar Family Trust

Lender

Rhys Mussman

Loan start date

July 2021

Original loan amount

$440,000

Est. remaining balance

Not provided

Interest rate

2.99%

Loan type

Commercial

Seller

John Spahi and John Spahi Family Trust

Lender

Giancarlo Marcaccini

Loan start date

March 2014

Original loan amount

$347,788

Est. remaining balance

Not provided

Interest rate

4.32%

Loan type

Not Provided

Seller

Omar Spahi

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?

Status: Active

Tomo last checked: 11/21/2024 at 11:40 PM

Listing updated: 10/22/2024 at 8:55 PM

Listed by: Sebastian Wolski, Compass Phone #: (310) 230-5478

MLS: CLAW #24441571

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