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2221 Ocean Avenue 101 — Santa Monica — 1 Bed • 1 Bath • 870 Sq Ft | Belmont Brokerage

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$1,499,999

$1,724/ft²

2221 Ocean Ave 101, Santa Monica, CA 90405

Property Description

Direct Ocean Views, Santa Monica - Prime Condo $1,499,999 -Rare opportunity to own a gorgeous fully remodeled beachfront residence on Santa Monica's iconic Ocean Avenue. This light-filled home features a flowing entertainer's layout, brand-new double-pane windows and sliding doors, and beautiful hardwood flooring throughout. Enjoy unobstructed Pacific Ocean views from the living and dining areas and a spacious balcony with teak flooring, perfect for indoor-outdoor living. The modern chef's kitchen is equipped with top-of-the-line stainless steel appliances, custom marble tops, custom cabinetry with built-ins, a wine refrigerator, and breakfast bar, teak flooring in the balcony which faces West to the ocean. The expanded bedroom includes custom closet organizers and a luxurious spa-inspired bathroom. Additional highlights include two tandem parking spaces in the gated garage with remote-access entry with a private balcony corner unit. Steps from Shutters, Casa del Mar, Regent - 5-Star Hotels, Santa Monica Pier, Main Street dining, and oceanfront paths, this home is ideal as a primary residence, pied--terre, or lock-and-leave beach retreat. Unmatched value for direct coastal living with beautiful sunsets to enjoy! Smart Asset Investment vacation home or forever home! Unmatched Entry point for Ocean Avenue.

Listing provided by: Anolan DragitschDRE #02126813310-278-8861 anolan@luxeworldtv.com, Nest Seekers

MLS #: 25624109

FLIP & EXPANSION SIMULATORJACKPOT FLIP

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

+$410K

+72.3% ROI

Rehab + Add$158K

Est. ARV$2176K

Est. Profit+$410K

Proj. ROI72%

Sqft to Add (Expansion / ADU)+200 sqft (1,070 total sf)

Remodel Rate (Existing Space)$140/sqft ($122K total)

New Build Rate (Addition / ADU)$180/sqft ($36K total)

Purchase Price:$1,499,999

Remodel (870 sf @ $140/sf):$121,800

Addition (+200 sf @ $180/sf):$36,000

Est. Closing, Holding & Fees (~5%):$108,819

Target ARV (1070 sf @ $2034/sf):$2,176,380

Est. Net Profit:$409,762

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$1,499,999

2221 Ocean Ave 101, Santa Monica, CA 90405

Property Description

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2221 Ocean Avenue 101, Santa Monica, CA 90405

About This Property

$1,499,999

2221 Ocean Ave 101, Santa Monica, CA 90405

Property Description

Virtual Tour

Property Photos

Location

Open Houses

Presented by Belmont Brokerage Inc.