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$1,255,500

Beds
1
Baths
1.0
sq ft
868

201 Ocean Ave Unit 1505B, Santa Monica, CA 90402

201 Ocean Ave Unit 1505B

Santa Monica, CA 90402

  • 67 days on market
    • Price drop $139,500↓
Exquisitely designed and remodeled 1 Bedroom, 1 Bathroom with tranquil & majestic Mountain and City Views! This gorgeous home is flooded with natural light and features gorgeous hardwood floors & custom cabinetry, recessed lighting and high end detailed finishes throughout. Move right into this beauty! Fabulous storage options everywhere you look. A larger floor plan than the typical "05" units with optional use of space for possible work area, plus a wonderful balcony to enjoy dining al-fresco. Enjoy a luxurious lifestyle at Ocean Avenue's most coveted and full service, full amenity building, Ocean Towers. Overlooking Santa Monica's sensational Bay and the exquisite 26-acre, Palisades Park. Ocean Towers offers 24-hour doormen and valet, a beautiful lobby, state-of-the-art workout facility, an exquisite ocean view deck with swimmer's pool and spa, and a wonderful banquet room. Moments to all of Santa Monica's sensational boutiques, dining, cafes, beaches, entertainment, bike paths and more!

Details

Property type

Stock Cooperative

Est. home value

$896,241

Property condition

Updated/Remodeled

Lot size

1.3258 acres

Price per sq ft

$1,447

Year built

1971

Monthly HOA fee

$977.33

Price History

06/29/2024
CLAW

CLAW #24384363

Price change
$1,255,500
-10%
05/29/2024
CLAW

CLAW #24384363

Price change
$1,395,000
-10%
04/29/2024
CLAW

CLAW #24384363

Listed
$1,550,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

High school district: 

Santa Monica-Malibu Unified

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

Bankers Life Insurance

Loan start date

June 2023

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Not Provided

Seller

John Spahi and Spahi Family Trust

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

Derrostomian Family Living Trust

Loan start date

July 2022

Original loan amount

$460,000

Est. remaining balance

Not provided

Interest rate

5.25%

Loan type

Not Provided

Seller

John Spahi

Lender

Ocean Towers Housing Corporation

Loan start date

December 2006

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

6.4%

Loan type

Not Provided

Seller

Fadila 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: 07/05/2024 at 8:05 PM

Listing updated: 06/29/2024 at 10:13 AM

Listed by: Nili Hudson, Compass Phone #: (310) 820-0195

MLS: CLAW #24384363

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