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701 Ocean Avenue PHE, Santa Monica, CA 90402

Condo

701 Ocean Avenue PHE, Santa Monica, CA 90402 Sold May 2026 CRMLS
$7,129,000Sold May 2026

Listing Agent: Jill Cannella (DRE #01955562) · Listing Office: Compass · Bought with: Jennifer Tisdale · Compass · MLS #26827689 · Source: CRMLS

3
Bedrooms
3
Bathrooms
2,834
Sq Ft
41,952 sqft
Lot Size
1993
Year Built
Condo
Type
1
Stories
CentralAir
Cooling
Central
Heating
Bluff, Coastline, Ocean, Panoramic
View
$5,217/mo
HOA

How this sale compares

701 Ocean Avenue PHE sold for $7,129,000 in May 2026, 9.8% over its $6,495,000 list price, after 10 days on the market. That works out to $2,516 per square foot on 2,834 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, 34% below this sale's $2,516. 3-bedroom rentals in 90402 currently list at a median of $15,000 a month (5 listings).

$2,516
This sale, per sq ft
$1,660
90402 median per sq ft (12 mo)
$4,345,000
90402 median sold price (12 mo)
80
Closed sales in 90402 (12 mo)
10
Days on market
+9.8%
Sold vs. list price
QuarterClosed sales in 90402Median sold price
Q1 20264$2,675,000
Q2 202642$4,500,000
Q3 202632$4,271,000
Q4 20262$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

There are views, and then there are views. Penthouse E at 701 Ocean Avenue is a rare double unit corner Penthouse. It delivers what few properties in Los Angeles can, a sweeping panorama that stretches from the white water breaking along the sand at Palisades Park, north to the sweeping vistas of Pacific Palisades and Malibu, and south along one of the most coveted coastlines in the world. A gracious entry foyer sets the tone offering an elegant welcome for guests. Two en suite bedrooms and a dedicated laundry room flank the entry, while an open kitchen and dining room create an effortless flow for hosting. The living room anchored by a fireplace and framed by floor-to-ceiling glass sliders opens to both a front and side balcony, blurring the line between interior elegance and the open sky. Privately situated on the opposite wing, the beyond-spacious primary suite is a sanctuary unto itself. Its private ocean-facing balcony, generous en suite bath, and dual walk-in closets speak to a life lived without compromise. Throughout, all-new hardwood floors, fresh carpet, and crisp interior paint offer the rare option to move in immediately or to reimagine the space into a bespoke showpiece. Four dedicated side by side parking spaces, ample guest parking, and private storage round out the practical luxury. The building has just completed an extensive renovation, including a new roof, plumbing infrastructure, and a resort-caliber amenity rooftop deck featuring a brand-new pool, spa, private cabanas, and BBQ area. All assessments have been paid in full by the seller a meaningful and rare offering at this level. With 24-hour concierge service, on-site management, a well-equipped fitness center, and a full banquet room and kitchen, the building delivers first-class living at every turn. North of Montana, moments from world-class dining, boutique shopping, and the best beaches, this is Santa Monica at its absolute finest.

Listing description from the May 2026 sale, as reported to CRMLS.

Sale history

$7,129,000
Sold May 2026 · listed $6,495,000, on market May 2026, 10 days on market · MLS #26827689 · Source: CRMLS
Listing Agent: Jill Cannella · Listing Office: Compass · Bought with: Jennifer Tisdale · Compass

Recent sales near 701 Ocean Avenue PHE

Closed sales reported in 90402, nearest first, last 12 months. All recent sales in Santa Monica →

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