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Danielle Broad

danielle.broad@exprealty.com +1(925) 383-9200

$2,995,000

Est. payment - /mo

5 Beds

2,850 SqFt

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UPDATED:

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

Seller Financing available! Seller may consider carrying a 1st TD at 5.5% interest only, no prepayment penalty for 5 years, with 30%+ down for qualified buyers. 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, currently generating approximately $201,000 in annual gross income while offering additional upside through future rental growth. 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. 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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© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Josh Flynn • Pardee Properties

NEARBY SCHOOLS & PROPERTIES

+1(925) 383-9200

danielle.broad@exprealty.com

631 Pier Avenue Santa Monica, CA 90405

Danielle Broad

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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631 Pier Avenue