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$ 1,999,000

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Price Dropped by $101K

1014 Pier AVE Santa Monica, CA 90405

5 Beds

2 Baths

2,210 SqFt

OPEN HOUSE

Sun Dec 22, 2:00pm - 4:00pm

UPDATED:

12/18/2024 09:33 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,210 sqft

Price per Sqft $904

MLS Listing ID 24445315

Bedrooms 5

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 4,813 Sqft

Property Description

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

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Central

Fireplace No

Appliance Dishwasher, Gas Cooktop, Refrigerator, Dryer, Washer

Exterior

View Y/N Yes

View City Lights

Total Parking Spaces 4

Building

Story 1

Entry Level One

Sewer Other

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4285029021

Security Features Key Card Entry

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Eric Hartnack • Compass

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