1014 Pier Avenue, Santa Monica, CA 90405
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Listed Price :
$1,999,000
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Beds :
5
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Baths :
2
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Property Size :
2,210 sqft
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Year Built :
1948
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
Interior Features
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
2 |
Listing Information
| Address |
1014 Pier Avenue |
| City |
Santa Monica |
| State |
CA |
| Zip |
90405 |
| County |
Los Angeles |
| Listing Agent |
Eric Hartnack DRE #02113497 |
| Co-Listing Agent |
Ayaka Takahashi DRE #02235754 |
| Courtesy Of |
Compass |
| List Price |
$1,999,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,210 |
| Lot Size |
4,813 |
| Year Built |
1948 |
Listing information courtesy of: Eric Hartnack, Ayaka Takahashi, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 18th, 2024 at 9:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
