$2,100,000
For Sale

1014 Pier Avenue

Santa Monica, CA 90405
2210 sqft | 5 beds | 2.5 baths | 0.11 acres | #24438063
Listing OfficeCompass
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Type:Purchase
Structure:House
Zone:Residential

Description

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. For those considering owner occupancy of the front unit the attached documents outline the Santa Monica rent control laws which indicate a $36,600 tenant relocation fee with a 60-day notice required. 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!

  • Interior Details
      • InteriorRecessedLighting
    • Beds & Baths
      • Bathrooms2.5
      • Bedrooms5
      • Full Baths2
      • Half Baths1
  • Property Details
      • ViewCityLights
      • Stories1
    • Measurements
      • Acres0.1105
      • Square Feet2210
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1948
    • Material information
      • FoundationRaised
  • Community and Neighborhood Details
      • School DistrictSanta Monica-Malibu Unified
      • CountyLos Angeles
  • Financial Details
      • Original List Price$2,100,000
  • Other
      • MLS #24438063

Location

Rami ElminoufiReal Estate Group
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years

Down Payment

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20.0%

Interest Rate

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5.0%

Tax Rate

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1.3%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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