Ocean Avenue Real Estate Market Overview

There are a total of 16 buildings in an approximate 2-mile area located between 101 Ocean Avenue and 1755 Ocean Avenue.

Listed below is a summary of total annual sales (including off-market sales) for the past three years for the properties located along Ocean Avenue real estate market:

  • 2016: 60
  • 2015: 82
  • 2014: 101

There is little turnover in the market.  It is a continually appreciating market as it is a very special, unique stretch of ocean-fronting properties.  This is a world-class market with a multitude of international buyers and sellers.  While Ocean Avenue is the primary home for many, it is also home for many who own multiple homes throughout the world.

The obvious as well as the highly important nuances and subtleties within each building, its quality of construction, location, view, building amenities, building function, quality of finish materials, floor plans, quality and attentiveness to management and upkeep of building all weigh into the value of a building and more specifically a particular property.

101 Ocean Avenue
Building Description:  10 floors, 59 units
Amenities:  valet parking, pool, spa, state-of-the-art fitness center

201 Ocean Avenue
Building Description:  Twin 19-story buildings, 317 units.  Property is a Co-op
Amenities:  concierge, pool, spa, gym

311 Ocean Avenue “Pacific Regency Condominiums”
Building Description: 3 floors, 21 units
Amenities: controlled access, secure parking

515 Ocean Avenue “Park Plaza Condominiums”
Building Description:  Two 7-story buildings
Amenities: concierge, banquet facility, valet, pool, spa, sauna, fitness room

535 Ocean Avenue “Oceanaire”
Building Description:  12 floors, 48 units, renovated in 2001
Amenities:  concierge, conference center, fitness room w/sauna

603 Ocean Avenue “El Tovar”
Building Description:  Twin 6-story buildings, 22 units
Amenities:  pool, spa, fitness room

701 Ocean Avenue
Building Description:  4 floors, 31 units
Amenities:  concierge, rooftop with pool, spa, bbq area, fitness room, banquet room w/adjacent catering kitchen, on-site management weekdays

757 Ocean Avenue
Building Description:  3 floors, 51 units
Amenities:  controlled access, pool, secure parking, rooftop deck

801 Ocean Avenue “The Pacifican”
Building Description:  6 floors, 32 units
Amenities:  controlled access, pool, spa, fitness room, clubhouse

833 Ocean Avenue
Building Description:  4 floors, 18 units
Amenities:  controlled access, secure parking

951 Ocean Avenue
Building Description: 4 floors, 16 units
Amenities: 24/7 security, fitness room, social room, rooftop pool and sundeck

1033 Ocean Avenue
Building Description:  4 floors, 16 units
Amenities:  controlled access, secure parking

1705 Ocean Avenue “The Waverly”
Building Description:  6 floors, 65 units
Amenities:  concierge, gym

1755 Ocean Avenue
Building Description:  10 floors, 93 units
Amenities:  concierge, pool, spa, gym

Ocean Avenue Sales over 5M+ (2003 – 2019)

101 Ocean Avenue
#A200:  $5,465,000, 3,029 sq. ft. (2019)*
#B400: $5,500,000, 2,902 sq. ft. (2019)
#A400: $5,587,500, 3,029 sq. ft. (2018)*
#B200: $5,100,000, 2,902 sq. ft. (2018)
#A800: $5,000,000, 3,029 sq. ft. (2013)*
#A200: $5,100,000, 3,029 sq. ft. (2009)*
#A700:  $5,950,000, 3,029 sq. ft. (2006)*

515 Ocean Avenue
#NPHC:  $6,550,000, 3,175 sq. ft. (2017)*

535 Ocean Avenue
#PH: $14,500,000, 8,026 sq. ft. (2018)* (w/entire rooftop private terrace)
#PH: $10,500,000, 8,026 sq. ft. (2012)* (w/entire rooftop private terrace)
#9A: $5,800,000, 3,562 sq. ft. (2008)*
#PH: $8,100,000, 8,026 sq. ft. ( 2003)* (w/entire rooftop private terrace)

603 Ocean Avenue
#3S:  $5,300,000, 2,015 sq. ft. (2019)*
#4A: $5,250,000, 2,694 sq. ft. (2019) (w/two large private terraces)

701 Ocean Avenue
#PH-B $7,350,000 3,048 SF (2017)*
#PH-B $6,750,000 3,048 SF (2016)*
#303 $5,600,000 3,048 SF (2016)*

951 Ocean Avenue
#301 $5,750,000 3,201 SF (2014)*

1705 Ocean Avenue
#PH-602: $7,200,000, 3,235 sq. ft. (2014)* (w/over 1,000 sq. ft. of private terraces)
#PH-603: $6,795,000, 3,235 sq. ft. (2014)* (w/over 1,000 sq. ft. of private terraces)
#PH-604: $6,065,000, 2,886 sq. ft. (2014)* (w/over 1,200 sq. ft. of private terraces)
#PH-601: $6,800,000, 3,340 sq. ft. (2014)* (w/over 1,200 sq. ft. of private terraces)

1755 Ocean Avenue
#PH-9A/9B: $12,500,000, 4,950 sq. ft. (2019)* (w/2,000 sq. ft. private terrace)
#PH-903: $7,750,000, 3,041 sq. ft. (2016)* (w/wrap around private terrace)
#807: $5,800,000, 2,397 sq. ft. (2015)* (w/private terraces)
#708: $5,700,000, 2,397 sq. ft. (2015)* (w/over 1,500 sq. ft. of private terraces)
#PH-901: $9,000,000, 3,028 sq. ft. (2015) (w/1,800 sq. ft. private terrace)

*denotes direct ocean view

For more information on Ocean Avenue real estate market, please contact specialist Santa Monica realtor Julie Ellis Lovett at (310) 899-3514.