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1014 Pier Avenue, Santa Monica, CA 90405 (MLS # 24438063)

PRICE $1,999,000 dsIDX morgage calculator
BEDS 5
BATHS 3
HOME SIZE 2,210 sqft
LOT SIZE 4,814 sqft

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

DAYS ON MARKET 87 LAST UPDATED 12/13/2024
YEAR BUILT 1948 COMMUNITY Santa Monica
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
School District Santa Monica-Malibu Unified

PRICE HISTORY
Prior to Dec 13, '24 $2,100,000
Dec 13, '24 - Today $1,999,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Washer
AREA Santa Monica
CONSTRUCTION Stucco
FIREPLACE Yes
HEAT Central, Forced Air, Natural Gas
INTERIOR Recessed Lighting
LOT 4813 sq ft
POOL DESCRIPTION None
STORIES 1
STYLE Bungalow
VIEW Yes
VIEW DESCRIPTION City Lights
ZONING SMR2*
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
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*Estimate only

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