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Jacinta Martinez

jacintamartinezrealtor@gmail.com +1(678) 656-0167

$ 1,999,000

Est. payment -/mo

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Price Dropped by $101K

1014 Pier Ave Santa Monica, CA 90405

5 Beds

2.5 Baths

2,210 SqFt

UPDATED:

12/18/2024 08:15 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,210 sqft

Price per Sqft $904

MLS Listing ID 24-445315

Style Bungalow

Bedrooms 5

Construction Status Updated/Remodeled

Year Built 1948

Lot Size 4,813 Sqft

Acres 0.1105

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 Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Dining Room 0

Interior

Heating Central

Cooling Air Conditioning

Flooring Wood Laminate

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

Laundry In Unit

Exterior

Parking Features Garage - 4+ Car

Garage Spaces 4.0

View Y/N Yes

View City Lights

Building

Story 1

Sewer In Street

Architectural Style Bungalow

Level or Stories One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

Jacinta Martinez

Agent | License ID: 406100

+1(678) 656-0167

Jacinta Martinez

1014 Pier Ave Santa Monica, CA 90405

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1014 Pier Ave