Income Home for Sale in Santa Monica, California

631 Pier Avenue, Santa Monica, California 90405, US

$ 2,995,000

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 2,995,000
  • MLS ID: 26837951
  • Property Type: Income Home
  • WEB ID: PR03624832
  • Property Status: Active
  • Lot Size: 5,496sqft
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 2,995,000
  • MLS ID: 26837951
  • Property Type: Income Home
  • WEB ID: PR03624832
  • Property Status: Active
  • Lot Size: 5,496sqft
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.

Additional Features

  • Other
  • Wall Furnace
  • Landscaped
  • Yard
  • One
  • City Lights
  • Hills
  • Parking spaces: 7.00
  • Listing Status: Active
  • Listing Agent: Josh Flynn (lic# 01985199) of Beverly Hills/Greater LA
  • Listing Office: Pardee Properties (lic# 01858429)
  • CO-Listing Agent: Keri Rose Clifton (lic# 01923133) of Beverly Hills/Greater LA
  • CO-Listing Office: Pardee Properties (lic# 01858429)
  • Based on information from CRISNet MLS as of 15th September 2026 at 1:22pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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