631 Pier Ave, Santa Monica, CA 90405
631 Pier Ave, Santa Monica, CA 90405
631 Pier Ave, Santa Monica, CA 90405
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$2,995,000
Est. payment /mo
6 Beds
5 Baths
2,850 SqFt
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Open House

Sat May 30, 2:00pm - 5:00pm

Sun May 31, 2:00pm - 5:00pm

Tue Jun 02, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,850 sqft

Price per Sqft $1,050

MLS Listing ID 26837951

Style Contemporary

Bedrooms 6

Year Built 1961

Lot Size 5,496 Sqft

Acres 0.1262

Property Sub-Type Multi-Family

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

Area Santa Monica

Zoning SMOP2*

Rooms

Other Rooms Shed(s), Other

Dining Room 1

Kitchen Remodeled, Counter Top

Interior

Interior Features Other, Turnkey, Common Walls

Heating Other, Wall

Cooling Other, Air Conditioning, Wall/Window

Flooring Bamboo, Other, Mixed

Fireplaces Type None

Equipment Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer

Laundry Community, In Unit, Other

Exterior

Parking Features Detached, Garage - 4+ Car, Garage, Garage Is Detached, Driveway, Uncovered, Door Opener, Controlled Entrance

Garage Spaces 7.0

Pool None

Amenities Available None

View Y/N Yes

View City Lights, City, Tree Top, Hills

Roof Type Flat

Building

Lot Description Landscaped, Sidewalks, Street Lighting, Street Paved, Yard, Curbs, Single Lot

Story 2

Architectural Style Contemporary

Level or Stories One

Structure Type Other

Others

Special Listing Condition Standard


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Listed by Pardee Properties

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Kirshner Elkin Properties

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