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1221 Ocean Avenue, Santa Monica, CA 90401 Property Information

1221 Ocean Avenue, Santa Monica, CA 90401 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1221 Ocean Avenue, Santa Monica, CA 90401
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Address

Primary address 1221 Ocean Avenue, Santa Monica
Alternate address(es) 1221 E Ocean Ave
Zip code 90401
County Los Angeles
Municipality Santa Monica
Neighborhood Downtown Santa Monica

Sales & Tax Overview for 1221 Ocean Avenue, Santa Monica

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 04/27/2022
Sale price $330,000,000
Arm's length
Current property tax $4,384,301

Lot & Building Information for 1221 Ocean Avenue, Santa Monica

Building sqft 197,520
Building class Five or More Apartments or Units - 5 Stories or More with Pool (0551)
Acreage 0.814
Units 119
Year built 1971
Year last altered 1992
Stories 5
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard No
School district Santa Monica-Malibu Unified School District

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Other Property Data for 1221 Ocean Avenue, Santa Monica

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  • • Improvements for 1221 Ocean Avenue, Santa Monica , including their type, square footage, grade and when they were built.
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About 1221 Ocean Avenue, Santa Monica

What is the year built & the total sq. ft. for 1221 Ocean Avenue, Santa Monica, CA 90401?

1221 Ocean Avenue, Santa Monica, CA 90401 was built in 1971 and has a total of 197,520 square feet.

What is the assessed value of 1221 Ocean Avenue, Santa Monica, CA 90401 and the property tax paid?

Assessed at $356,682,232, the tax amount paid for 1221 Ocean Avenue, Santa Monica, CA 90401 is $4,293,740.

When was 1221 Ocean Avenue, Santa Monica, CA 90401 last sold and what was the last sale price?

1221 Ocean Avenue, Santa Monica, CA 90401 was last sold in 04/27/2022 for $330,000,000.

How many residential units does this building have?

This building has 119 residential unit(s).

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 1221 Ocean Avenue, Santa Monica

Create a free account to view the complete sales history for 1221 Ocean Avenue, Santa Monica, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
04/27/2022 $330,000,000

Title Documents for 1221 Ocean Avenue, Santa Monica

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
03/11/2025 Mechanics Lien
04/27/2022 Assignment of Lease
Assignment of Rents
Financing Statement
Trust Deed
04/27/2022 Grant Deed
(Sale for consideration - full DTT - Single parcel sale)
04/25/2012 Assignment of Rents
Financing Statement
Trust Deed
07/17/2009 Agreement
04/04/2008 Deed
04/04/2008 Deed
05/01/1998 Deed
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R: Recorded date
D: Document date

Property Taxes for 1221 Ocean Avenue, Santa Monica

Access detailed property tax data for 1221 Ocean Avenue, Santa Monica, CA 90401. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $4,293,741
Current property tax $4,384,301
Market value $356,682,232

Special Assessments And Penalties for 1221 Ocean Avenue, Santa Monica

Special Assessments

Abatements, financial assistance programs and non-ad valorem taxes levied as special taxes/direct assessments are applicable for this property.

Code Description Tax levied
00194 Health License Fees
03694 La County Regional Park And Open Space District
03071 Los Angeles County Flood Control
00170 Los Angeles County Trauma/Emerg Srvs
00177 Safe, Clean Water Program Funding Measure W

Assessment History for 1221 Ocean Avenue, Santa Monica

Here's the assessment & property tax history for 1221 Ocean Avenue, Santa Monica, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year change
2025-2026 $356,682,232 1.2038 $4,293,741 +6.51%
2024-2025 $349,879,174 1.1522 $4,031,308 +1.56%
2023-2024 $343,181,192 1.1566 $3,969,234 +392.91%
2022-2023 $69,055,626 1.1661 $805,258 +2.37%
2021-2022 $67,676,313 1.1623 $786,602 +0.30%

Permits for 1221 Ocean Avenue, Santa Monica

The complete history of permits filed for 1221 Ocean Avenue, Santa Monica, including new construction or demolition permits, complaints, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Sub type Valuation Expires Status
01/07/2025
09/25/2024
09/03/2024
08/28/2024
05/22/2024
03/07/2024
01/22/2024
10/25/2023
10/25/2023
10/25/2023
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Santa Monica residential market stats

Median Sale Price
$1,721,000
-1.2% YoY
Median Price/Sqft
$1,133
2.3% YoY
Los Angeles County Median Sale Price
$872,000
0.2% YoY

Access a detailed real estate market overview of Santa Monica so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Santa Monica and compare it to other neighborhoods in Los Angeles County.

Check out recently sold homes in Santa-Monica and see how their prices compare.

Demographics by Zip Code

Total population 8,101
Median age 36.9
Average household income $157,482
Family households 23.3%
Occupied housing units 5,256
Owner occupied units 5.2%
Average number of people per household 1.51
Median year structure built 1994
Median value for units with a mortgage $1,358,000
Median value for units without a mortgage $1,093,400

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map

Transportation

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Neighbors for 1221 Ocean Avenue, Santa Monica

Here are the neighbors for 1221 Ocean Avenue, Santa Monica.

Address Square feet Purchase date Purchase price
1615 Ocean Front Walk, Santa Monica 323 08/08/2016
1299 Ocean Ave, Santa Monica 102,157 04/26/2017 $285,000,000
1633 Ocean Front Walk, Santa Monica
1703 Ocean Front Walk, Santa Monica 12/23/2010
1222 3rd Street Promenade, Santa Monica 15,000 06/06/2024 $6,500,000
1228 3rd Street Promenade, Santa Monica 7,150 12/24/2014
1202 3rd Street Promenade, Santa Monica 44,936 06/06/2024 $20,000,000
1212 3rd Street Promenade, Santa Monica 10,370 02/14/2005 $9,500,095
1218 3rd Street Promenade, Santa Monica 6,250 07/15/2003 $6,125,061
1619 Ocean Front Walk, Santa Monica 08/08/2016
100 Wilshire Blvd, Santa Monica 285,379 08/16/2019
1248 3rd Street Promenade, Santa Monica 7,250 03/10/2000
1605 Ocean Front Walk, Santa Monica 4,000 08/08/2016
1242 3rd Street Promenade, Santa Monica 6,750 12/26/2024
1216 2nd St, Santa Monica 17,962
1601 Ocean Front Walk, Santa Monica 3,108 08/08/2016
1659 Ocean Front Walk, Santa Monica 15,790 05/14/2004
124 Wilshire Blvd, Santa Monica 08/16/2019
1647 Ocean Front Walk, Santa Monica 9,807 09/05/2013 $6,150,000
1611 Ocean Front Walk, Santa Monica 2,100 08/08/2016

Nearby ZIP Codes for 1221 Ocean Avenue, Santa Monica

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