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$ 2,995,000
Est. payment | /mo
5 Beds
2,850 SqFt
$ 2,995,000
Est. payment | /mo
5 Beds
2,850 SqFt
Open House
Sun May 31, 2:00pm - 5:00pm
Tue Jun 02, 12:00pm - 2:00pm
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,850 sqft
Price per Sqft $1,050
MLS Listing ID CL26837951
Bedrooms 5
HOA Y/N No
Year Built 1961
Lot Size 5,496 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
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.
Location
State CA
County Los Angeles
Zoning SMOP2*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Bamboo
Fireplace No
Laundry Common Area, Dryer, Washer, See Remarks
Exterior
View Y/N true
View City Lights, Hills
Total Parking Spaces 7
Building
Lot Description Other, Landscaped
New Construction No
Others
Tax ID 4287029016
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Listed by Josh Flynn • Pardee Properties
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