$ 2,995,000
-
$2,995,000
Price -
5
Bed -
5
Bath -
2,850
SqFt
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About the Listing CLW-X77543 - CLW-C122196,CLW-C128407
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, offering strong in-place income with additional upside through lease-up and future rental growth. Unit #3 is currently vacant, creating an exceptional opportunity for an owner-user, investor, or potential live/work setup in one of the Westside's most sought-after coastal communities. 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 with additional upside through the vacant owner-user unit. Seller may consider carrying a first trust deed for qualified buyers, creating a rare financing opportunity in today's market.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
26837951
Year Built
1961
Total Square Footage
2,850
Lot/Acreage
0.13
County
Los Angeles
Area
C14 - Santa Monica
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Bamboo
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Landscaped,Yard,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 7
- Zoning: SMOP2*
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Controlled Entrance,Driveway,Garage,Garage Door Opener,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4287029016
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
631 Pier Ave Santa Monica, CA 90405
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