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5445 Mildred ST San Diego CA 92110 | MLS #PTP2603261

631 Pier AV Santa Monica CA 90405 | MLS #26837951

MLS #26837951 image #0
Seller Financing available! Seller may consider carrying a 1st TD at 5.5% interest only, no prepayment penalty for 5 years, with 30%+ down for qualified buyers. 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, currently generating approximately $201,000 in annual gross income while offering additional upside through future rental growth. 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. Seller may consider carrying a first trust deed for qualified buyers, creating a rare financing opportunity in today’s market.
Current real estate data for Single Family in Santa Monica as of Sep 07, 2026
392
Single Family Listed
80
Avg DOM
500
Avg $ / SqFt
$1,979,063
Avg List Price

Property Details

Price:
$2,995,000
MLS #:
26837951
Status:
Active
Beds:
6
Baths:
5
Type:
Single Family
Neighborhood:
c14santamonica
Listed Date:
May 28, 2026
Finished Sq Ft:
2,850
Total Sq Ft:
2,850
Lot Size:
5,496 sqft / 0.13 acres (approx)
Year Built:
1961
ContemporaryC14 – Santa MonicaC14santamonicaSanta Monica-malibu UnifiedHills

Schools

School District:
Santa Monica-Malibu Unified

Interior

Appliances
DW, GD, MW, RF, OV, RA, HOD
Cooling
WW
Flooring
BMB
Heating
WL
Laundry Features
CM, SEE, DINC, WINC
Levels
A

Exterior

Architectural Style
CNT
Common Walls
_1CW
Construction Materials
OTH
Direction Faces
S
Garage Spaces
4
Other Structures
SH
Parking Spots
7
Parking Total
7
Patio And Porch Features
EN, RT, OPN
Spa Features
AG
View
CI, HI

Financial

Gross Operating Income
$201,000
Net Operating Income
$144,000

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Property Summary

    631 Pier AV Santa Monica CA is a Single Family for sale in Santa Monica, CA, 90405. It is listed for $2,995,000 and features 6 beds, 5 baths, and has approximately 2,850 square feet of living space, and was originally constructed in 1961. The current price per square foot is $1,051. The average price per square foot for Single Family listings in Santa Monica is $500. The average listing price for Single Family in Santa Monica is $1,979,063. To schedule a showing of MLS#26837951 at 631 Pier AV in Santa Monica, CA, contact your agent at 8189391841.

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