515 Ocean Avenue NPH B
Santa Monica, CA, 90402
$6,400,000
Original list price: $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
116
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
$50,432
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $640,000 · Loan: $5,760,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $36,483
- Property tax (1.25%)
- $6,667
- Homeowners insurance
- $300
- Mortgage insurance
- $2,400
- HOA dues
- $4,582
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $224,000 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
See Santa Monica, CA 90402 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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