Active
1014 Pier Ave
Santa Monica CA, 90405
$1,999,000
$904.52 per sqft
Active
5 Beds
3 Baths
2,210 sqft
Residential
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
24-438063
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
3
Full Bathrooms
2
Half Bathrooms
1
Interior Features
Detached/No Common Walls, Drywall Walls, Mirrored Closet Door(s), Recessed Lighting
Appliances
Dishwasher, Garbage Disposal, Microwave, Gas Or Electric Dryer Hookup, Washer, Refrigerator
Laundry Description
In Unit, Laundry Area
Floor Description
Wood Laminate
Fireplace
Yes
Fireplace Description
Gas and Wood
Cooling
Yes
Cooling Description
Air Conditioning, Central
Heating
Yes
Heating Description
Forced Air, Natural Gas, Central
Exterior/Building Features
Lot Size
0.11 Acres
Architectual Style
Bungalow
Roof
Asphalt
School Information
School District
Santa Monica-Malibu Unified School District
Other Property Details
Area Name
Santa Monica
Days on Market
84
Garage
Yes
Parking
Garage - 4 Car
Parking Total
3
View
Yes
View Description
City Lights
County
Los Angeles
Pool
No
Pool Features
None
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