515 Ocean Avenue 503S
Santa Monica, CA, 90402
$1,595,000
MLS: 26655395
Beds
2
Baths
2
Sq Ft
1,490
Lot
1.55 ac
Year Built
1976
MLS #
26655395
Days on Market
8
Listed
Feb 23, 2026
Description
Welcome to an exceptional opportunity on Ocean Avenue in prime Santa Monica. This light-filled 2 bedroom, 2 bath residence offers just under 1,500 square feet of living space, partial ocean views, and a private balcony accessible from every room that invites in fresh coastal breezes. Owned by the same family for over 45 years, the unit has been freshly painted and newly carpeted, providing a clean canvas to design your ideal home by the beach.Located in the coveted Park Plaza, the building offers 24-hour security, pool, spa, fitness center, and conference room, creating a true full-service living experience. Moments from the Santa Monica Pier, Montana Avenue, Venice, top Los Angeles restaurants, neighborhood coffee spots, and everything that defines the best of Westside living. Bright and airy, this is Santa Monica living at its finest and a rare opportunity to create something truly custom by the ocean, just in time for summer.
Location
Santa Monica, Los Angeles County, CA 90402
Open on Google Maps ↗Listed by: Nikki Joel · The Agency
Payment estimate
$11,380
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $159,500 · Loan: $1,435,500
- Principal & Interest
- $8,820
- Property tax (1.25%)
- $1,661
- Homeowners insurance
- $300
- Mortgage insurance
- $598
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $55,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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