Active

1014 Pier Ave

Santa Monica CA, 90405

$1,999,000


$904.52 per sqft

Active

5 Beds

2.5 Baths

2,210 sqft

Multi-family

Built in 1948

SIGNIFICANT PRICR REDUCTION!! Schedule your showing now! Enchanting Duplex in the Heart of Sunset Park discover the allure of Santa Monica living in the highly coveted neighborhood, just a leisurely stroll from the restaurants and shops of Lincoln Boulevard, Abbot Kinney, Rose Ave, and Main Street, Santa Monica. The beach is less than a mile away!Two stand-alone homes each with their own private yard sit on this spacious 4,800 SF lot. Live in one unit while enjoying rental income from the other. Enter through the front gate and find yourself amongst the lush mature trees and foliage providing a truly serene and peaceful setting. The front house has two bedrooms and one bath, with hardwood floors throughout. This inviting home features a spacious open living and dining area, perfect for relaxation. Enjoy your own tranquil front yard retreat, ideal for morning coffee or quiet evenings under the stars.The rear home has three spacious bedrooms and one and half baths. This spacious unit comes with generous outdoor areas, including a front yard and patioperfect for entertaining friends or basking in the California sun. This unit is currently vacant, it presents an exciting opportunity with a projected market rent of $6,000. A four-car garage (800 SF) awaits your creative touch, offering potential for conversion into an additional unit. This property is subject to rent control laws with the City of Santa Monica, but the property is subject to exemption as it is less than three units. For those considering owner occupancy of either unit the attached documents outline the Santa Monica rent control laws. As long as the owner lives in one of the units, the other unit can be rented at market rate. Should the tenants not want to accept the market rate on the rent, they can elect to take a $36,600 tenant relocation fee (non-negotiable) with a 60-day eviction notice. Please refer to the attached documents from the City of Santa Monica for further details.Don't miss this incredible opportunity to own in one of the best neighborhoods in Santa Monica! If you have questions please do not hesitate to reach out via text to LA1 - Eric Hartnack

24-445315

MLS ID

September 26, 2024

Listed

December 18, 2024

Updated

Map

1014 Pier Ave
Santa Monica CA, 90405

Interior Features

Total Stories

1


Bedrooms

5


Total Bathrooms

2.5


Appliances

Dishwasher, Freezer, Refrigerator, Range/Oven, Washer, Dryer


Laundry Description

In Unit


Floor Description

Wood Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.11 Acres


Architectual Style

Bungalow


Sewer

In Street

Other Property Details

Area Name

Santa Monica


Days on Market

83


Garage

Yes


Parking

Garage - 4 Car


Parking Total

4


View

Yes


View Description

City Lights


County

Los Angeles


Pool

No


Zoning

SMR2*

Listing History

Date

Event

Price

12/12/2024

Price change

$1,999,000

-5%

Listed by Eric Hartnack with Compass
Listing Contact: 310-977-0096 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Emma Nittolo | CA DRE# 02221343 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/18/2024

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