A block from Santa Monica State Beach and just south of the city’s 104-year-old pier, a new $350 million residential complex, Ocean Avenue South, will offer units for sale beginning in November. The development, the first large residential project built on Ocean Avenue in more than 20 years, is further enhanced by its location adjacent to the city’s new 6-acre Tongva Park. The 158 condominiums (including 11 penthouses) will be contained in two separate buildings—the Waverly and the Seychelle—that also will hol…