Split-Level Four-Unit Residential
For Sale
$2,995,000
631 Pier Ave, Santa Monica, CA 90405
Four split-level units include mini-split A/C and four private garages, with updated interiors and decking throughout.
Property Size2,850 SF
Days on Market155
Property Features for 631 Pier Ave
General Information
Standard status
Active
Size
2,850 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Ocean Park
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Building Size
2,850 SF
Year Built
1961
Tenancy
Multi
Listing Agency:
Pardee Properties
Listed By:
Josh Flynn · License #01985199
(917) 972-5373
Source:
Evecap
Added: May 28
Changed: Oct 25
Last Checked: Oct 28 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pardee Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
631 Pier Ave is a thoughtfully maintained split-level four-unit residential property built in 1961. The unit mix consists of two 2-bedroom units, one 1-bedroom unit, and one studio unit. Improvements include mini split A/C systems throughout all units, updated decking, refreshed interiors, new flooring, and upgraded finishes, with multiple units featuring private outdoor space and abundant natural light.
The property is located in Santa Monica’s Ocean Park neighborhood and is described as being moments from Main Street, Rose Avenue, Abbot Kinney, Lincoln Blvd, and the beach. Mature, established landscaping is woven throughout the site, including palm trees, podocarpus greenery, bougainvillea, fig vines, and a pomegranate tree within hillside gardens.
A key amenity is the presence of four private garages, along with additional off-street parking. The property is subject to Santa Monica rent control and currently has in-place tenancy. The seller may consider carrying a first trust deed for qualified buyers.
The property is located in Santa Monica’s Ocean Park neighborhood and is described as being moments from Main Street, Rose Avenue, Abbot Kinney, Lincoln Blvd, and the beach. Mature, established landscaping is woven throughout the site, including palm trees, podocarpus greenery, bougainvillea, fig vines, and a pomegranate tree within hillside gardens.
A key amenity is the presence of four private garages, along with additional off-street parking. The property is subject to Santa Monica rent control and currently has in-place tenancy. The seller may consider carrying a first trust deed for qualified buyers.
Key Highlights
- Four‑unit split‑level property built in 1961 in Santa Monica’s Ocean Park neighborhood.
- Unit mix: two 2‑bedroom, one 1‑bedroom, and one studio; currently about $201,000 in annual gross income.
- Mini split A/C in all units, plus updated decking and refreshed interiors with new flooring and upgraded finishes.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 90405, CA
27,966
Population
15,726
Households
1.8
Avg Household Size
43
Median Age
70%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
9,988
Density / Sq Mi
$114,489
Median Household Income
$84,727
Median Earnings
$2,311
Median Rent
$1,940,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four split-level units include mini-split A/C and four private garages, with updated interiors and decking throughout.
Where is this quadplex located?
The property is located at 631 Pier Ave Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Four‑unit split‑level property built in 1961 in Santa Monica’s Ocean Park neighborhood.; Unit mix: two 2‑bedroom, one 1‑bedroom, and one studio; currently about $201,000 in annual gross income.; Mini split A/C in all units, plus updated decking and refreshed interiors with new flooring and upgraded finishes.
