515 Ocean Avenue 503S, Santa Monica, CA 90402
Condo
Sold May 2026
Listing Agent: Nikki Joel (DRE #01784589) · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Sally Forster Jones · Compass · MLS #26655395 · Source: CRMLS
How this sale compares
515 Ocean Avenue 503S sold for $1,500,000 in May 2026, 6.0% under its $1,595,000 list price, after 79 days on the market. That works out to $1,007 per square foot on 1,490 square feet. Across 80 closed sales in 90402 over the last 12 months, the median sold price is $4,345,000 and the median is $1,660 per square foot, 65% above this sale's $1,007. 2-bedroom rentals in 90402 currently list at a median of $9,000 a month (13 listings).
| Quarter | Closed sales in 90402 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $2,675,000 |
| Q2 2026 | 42 | $4,500,000 |
| Q3 2026 | 32 | $4,271,000 |
| Q4 2026 | 2 | $11,372,178 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Santa Monica · Homes for sale in 90402
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.
Listing description from the May 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 515 Ocean Avenue 503S
535 Ocean Avenue 8A: Sold $3,000,000 · 3 bd · 2 ba · 1,781 sqft · Jul 2026 · 0.0 mi
Compass | DRE #01259115
Buyer's agent: David Solomon, Douglas Elliman of California, Inc. | DRE #01386406401 Ocean Avenue 2: Sold $6,950,000 · 4 bd · 6 ba · 3,655 sqft · Aug 2026 · 0.1 mi
Compass | DRE #00961954
Buyer's agent: David Berg, Compass | DRE #01481236701 Ocean Avenue PHE: Sold $7,129,000 · 3 bd · 3 ba · 2,834 sqft · May 2026 · 0.2 mi
Compass | DRE #01955562
Buyer's agent: Jennifer Tisdale, Compass | DRE #02131592202 San Vicente Boulevard 15: Sold $1,595,000 · 2 bd · 3 ba · 1,577 sqft · Jul 2026 · 0.2 mi
Westside Estate Agency Inc. | DRE #01418118
Buyer's agent: Susan Andrews, Windermere Signature Prop | DRE #02218661201 Ocean Avenue 1105B: Sold $765,000 · 1 bd · 1 ba · 868 sqft · Aug 2026 · 0.3 mi
Power Brokers | DRE #00890485
Buyer's agent: Allan Vides, Avida & Associates | DRE #01377755424 Marguerita Avenue: Sold $7,995,000 · 4 bd · 5 ba · 5,796 sqft · Aug 2026 · 0.3 mi
Christie's International Real Estate SoCal | DRE #01496421
Buyer's agent: David Berg, Compass | DRE #01481236201 Ocean Avenue 1107B: Sold $800,000 · 1 ba · 515 sqft · Sep 2026 · 0.3 mi
420 Alta Avenue: Sold $7,000,000 · 5 bd · 5 ba · 4,797 sqft · Jun 2026 · 0.3 mi
Berkshire Hathaway HomeServices California Properties | DRE #01200793
Buyer's agent: Diana Braun, Compass | DRE #01362342
Closed sales reported in 90402, nearest first, last 12 months. All recent sales in Santa Monica →