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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 agent: Jill Cannella DRE #01955562 jill.cannella@compass.com, Listing office: Compass
MLS data updated 11/1/2026, 2:38:22 AM PT
Source: CRMLS, MLS #: 26827689
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 19, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$7,129,000Closed sale · May 19, 2026ZIP 90402 · May 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.