515 Ocean Avenue NPH B
Santa Monica, CA, 90402
$6,900,000
MLS: 26654523
Beds
2
Baths
4
Sq Ft
3,175
Lot
1.55 ac
Year Built
1976
MLS #
26654523
Days on Market
18
Listed
Feb 20, 2026
Description
A rare penthouse offering on Ocean Avenue in the prestigious Park Plaza, this southwest-facing residence showcases breathtaking ocean, mountain, and city views. Natural light pours into this expansive two-bedroom, four-bath home with a versatile bonus space. Designed for both comfort and entertaining, the open floor plan features floor-to-ceiling walls of glass and sliding doors, custom built-ins, and a private laundry room. The chef's kitchen flows seamlessly into the dining area, living room, and library with wet bar. Multiple doors open to a wrap-around balcony that captures the essence of the California indoor-outdoor lifestyle, perfect for enjoying coastal breezes and sunset views. Residents enjoy full-service amenities including 24-hour concierge, security, pool, spa, fitness center, and conference facilities. Ideally located near Ocean Avenue dining, the Third Street Promenade, Montana Avenue boutiques, and Santa Monica's finest coastal attractions. Property was virtually staged.
Location
Santa Monica, Los Angeles County, CA 90402
Open on Google Maps ↗Listed by: Chris Hicks · The Agency
Payment estimate
$48,230
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $690,000 · Loan: $6,210,000
- Principal & Interest
- $38,155
- Property tax (1.25%)
- $7,188
- Homeowners insurance
- $300
- Mortgage insurance
- $2,588
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 $241,500 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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