$ 2,995,000
-
$2,995,000
Price -
6
Bed -
5
Bath -
2,850
SqFt
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About the Listing X77543 - C122196
Seller Financing available! Seller may consider carrying a 1st TD at 5.5% interest only, no prepayment penalty for 5 years, with 30%+ down for qualified buyers. 631 Pier Ave presents a rare opportunity to acquire a thoughtfully maintained split-level four-unit property in the heart of Santa Monica's coveted Ocean Park neighborhood. The property features an attractive unit mix of two 2-bedroom units, one 1-bedroom unit, and one studio unit, currently generating approximately $201,000 in annual gross income while offering additional upside through future rental growth. Originally built in 1961 and carefully improved over the years, the property includes mini split A/C systems throughout all units, updated decking, refreshed interiors, new flooring, upgraded finishes, and the rare convenience of four private garages with additional off-street parking, an increasingly hard-to-find amenity in Santa Monica's coastal neighborhoods. Several units feature abundant natural light, open layouts, private outdoor spaces, and seamless indoor-outdoor living, while the split-level design adds architectural character and a unique sense of separation and flow throughout the property. Beyond the investment fundamentals, the property offers a uniquely serene atmosphere framed by mature landscaping cultivated over decades of ownership, including towering palm trees, lush podocarpus greenery, vibrant bougainvillea, mature fig vines, and a beautiful pomegranate tree woven throughout the hillside gardens. Tucked behind greenery and moments from Main Street, Rose Avenue, Abbot Kinney, Lincoln Blvd, and the beach, 631 Pier Ave offers a rare blend of stable income, lifestyle appeal, and long-term appreciation potential in one of Los Angeles' most desirable rental markets. Subject to Santa Monica rent control, the property offers stable in-place tenancy. Seller may consider carrying a first trust deed for qualified buyers, creating a rare financing opportunity in today's market.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 5 Full
- Appliances: Oven, Range, Range Hood, Microwave, Gas
- Air Cond: Air Conditioning,Wall/Window
- Heating: Wall
- Fireplaces:
- Floor: Bamboo,Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Shower Over Tub,Tile,Remodeled,Primary Bedroom,Turnkey,Common Walls,Counter Top,Dining Area,Patio Enclosed,Living Room,Office,Bonus Room,Dining Room
- Water:
Exterior Details
- Lot Description: Landscaped,Sidewalks,Street Lighting,Street Paved,Yard,Curbs,Single Lot
- Garage Capacity: 4 car
- Parking Spaces: 7
- Zoning: SMOP2*
- Roof: Flat
- Others: Additions/Alter
- Sewer:
- Parking Features: Detached,Garage - 4+ Car,Garage,Garage Is Detached,Driveway,Uncovered,Door Opener,Controlled Entrance
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
631 Pier Ave Santa Monica, CA 90405
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