$2,995,000
631 Pier Avenue, Santa Monica CA 90405
Multi-Family (4 Units)
Property type
8 days
On market
$1,051
Price per sqft
4 cars
Garage
1961
Year built
5,496 sqft
Lot size
Home highlights
Open Houses
Overview
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, offering strong in-place income with additional upside through lease-up and future rental...
Listing provided by: Josh Flynn DRE #01985199 917-972-5373, Pardee Properties, Keri Rose Clifton DRE #01923133 310-993-7097, Pardee Properties
Listing updated: Jun 5, 2026 at 07:24am.
Last checked: Jun 5, 2026 at 08:00am
Source: CRMLS #26837951
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $4,500 | $4,500 | $0 | Unfurnished |
| 1 | 0 | 1 | 1 | $2,350 | $2,350 | $0 | Unfurnished |
| 1 | 1 | 1 | 1 | $0 | $0 | $3,950 | Unfurnished |
| 1 | 2 | 2 | 1 | $5,950 | $5,950 | $0 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Dishwasher: 4
Disposal: 4
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
15.1x
List Price / Annual Gross Rent
Cap Rate
4.25%
NOI / List Price
Gross Scheduled Income: $198,000
Vacancy Allowance: $47,400
Vacancy Allowance Rate: 24%
Net Operating Income: $127,248
Interior
Room Type: Bonus Room, Living Room, Office
Flooring: Bamboo
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer
Fireplace: None
Laundry: Common Area, Dryer Included, Washer Included
Entry Location: Ground Level W, Steps
Exterior
Architectural Style: Contemporary
Property Attached: Yes
Stories Total: 2
Levels: One
Construction Materials: Other
Common Walls: One Common Wall
Direction Faces: South
Lot Features: Landscaped, Yard
Pool: None
Spa: Above Ground
View: City Lights, Hills
Patio and Porch Features: Enclosed, Open, Patio, Rooftop
Other Structures: Sheds
Garage and Parking
Parking: Controlled Entrance, Driveway, Garage, Garage Door Opener, Uncovered
Garage Spaces: 4
Garage: Detached
Uncovered Spaces: 3
Parking Total: 7
Lot Information
Land Lease: No
Parcel #: 4287029016
Additional Parcels: No
Zoning: SMOP2*
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 631 Pier Avenue, Santa Monica, CA 90405. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,396,000
Total Interest
$3,055,966
Total Payment
$5,451,966
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,414
per month
Property History for 631 Pier Avenue
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90405.
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