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642 Pier Ave, Santa Monica, CA 90405
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642 Pier Ave Santa Monica, CA 90405

$2,360,000 Sold Price as of 01/17/2022
  • 10 Beds
  • 4 Baths
  • 3,308 Sq.Ft.
Sold
$2,360,000 Sold Price as of 01/17/2022 Refinance Your Mortgage
Map preview of 642 Pier Ave, Santa Monica, CA 90405

Property Overview: 642 Pier Ave Santa Monica, CA has 10 bedrooms, 4 bathrooms, 3,308 living square feet and 4,995 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to the best opportunity available in Santa Monica. This 4 unit property has been family owned for over 30 years and is finally available for someone else to call it his or her own. Walking distance to Main Street, Ocean Blvd and the beach, this property offers you a unique opportunity . 2 units offer 3 bedrooms , 1 bathroom and 2 units offer 2 bedrooms, 1 bathroom. The building is well maintained and has many upgrades. Owners have also used a large additional space within the building as a bonus unit for personal use. This amazing 1 bedroom 1 bathroom with a kitchen and spacious living room offers amazing opportunities. Owners have advised that retrofit is not required on the building (buyers to verify and rely on their own findings). With plenty of street parking, walking distance to Whole Foods and other convenient stores, everything about this building offers the opportunity of a lifetime!

Listed by Jorge Gamboa | BRE #01418527 | Century 21 Allstars
Last checked: 20 seconds ago | Last updated: January 31st, 2024 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
4,995
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
DW21227027
City
Santa Monica
County
Los Angeles
Time on Site
911 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,020
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,239
  • Total Rent: $3,239
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $500

Property Details for 642 Pier Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 4287029006
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Ocean, West of Lincoln
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Santa Monica Agent

Sale History for 642 Pier Ave

Last leased for $3,895 on December 19th, 2022

  • January, 2024

  • Jan 31, 2024

    Date

    Expired

    CRMLS: DW23017053

    $3,500,000

    Price

  • Jan 31, 2023

    Date

    Active

    CRMLS: DW23017053

    $3,950,000

    Price

  • Listing provided courtesy of CRMLS

    4 unit building with market rents, plans for 2, 2-bedroom 2 bath ADU's and a studio at the city waiting on approval. Just 6 blocks from the beach, this 4-unit property boasts remodel units consisting of 2- and 3-bedroom units that are bringing in stellar rents, not your typical low rent Santa Monica 4 plex. Plans for the additional ADU units are available upon request, do not let this bread-and-butter unit slip through your fingertips.

  • September, 2023

  • Sep 23, 2023

    Date

    Expired

    CRMLS: SW22207268

    $3,895

    Price

  • Sep 23, 2022

    Date

    Active

    CRMLS: SW22207268

    $4,595

    Price

  • Listing provided courtesy of CRMLS

    Completely RENOVATED 2-bedroom, 1 bath unit. Bedrooms have spacious closets! Washer and dryer in unit, stainless steel appliances, all in a prime location less than a mile to the beach, Abbot Kinney, and Main Street in Santa Monica. Quartz countertops, new dishwasher, new refrigerator, new stove, new luxury flooring, forced heating, and recessed lighting. Big, bright and sunny unit, complete with a super cute community front yard patio area. Thoughtfully designed and entirely upgraded. The owner will install an air conditioner unit before the move in date. This unit is filled with new double paned windows, a tankless water heater, and is cable and internet ready. This unit is part of a family-owned 4-plex in the delightful Ocean Park neighborhood (in the highly regarded Santa Monica-Malibu School District). Just walk three blocks to Whole Foods, two blocks to Ozone Park, or five minutes to Rose Avenue, and Sunday Farmers Market. Street parking only but most properties on the block are homes so there's plenty of parking! Contact us today for a tour and make this beautiful apartment your new home today! Located less than two miles away from Downtown Santa Monica & Third Street Promenade. Pets are allowed with owner's approval. Owner pays water and trash. Call or e-mail Lorena for an appointment. ~

  • December, 2022

  • Dec 19, 2022

    Date

    Leased

    CRMLS: SW22246914

    $3,895

    Price

  • Nov 26, 2022

    Date

    Active

    CRMLS: SW22246914

    $3,895

    Price

  • Listing provided courtesy of CRMLS

    Completely RENOVATED 2-bedroom, 1 bath unit. Downstairs unit! Bedrooms have spacious closets! Washer and dryer in unit, stainless steel appliances, all in a prime location less than a mile to the beach, Abbot Kinney, and Main Street in Santa Monica. Quartz countertops, new dishwasher, new refrigerator, new stove, new luxury flooring, forced heating, and recessed lighting. Big, bright and sunny unit, complete with a super cute community front yard patio area. Thoughtfully designed and entirely upgraded. The owner will install an air conditioner unit before the move in date. This unit is filled with new double paned windows, a tankless water heater, and is cable and internet ready. This unit is part of a family-owned 4-plex in the delightful Ocean Park neighborhood (in the highly regarded Santa Monica-Malibu School District). Just walk three blocks to Whole Foods, two blocks to Ozone Park, or five minutes to Rose Avenue, and Sunday Farmers Market. Street parking only but most properties on the block are homes so there's plenty of parking! Contact us today for a tour and make this beautiful apartment your new home today! Located less than two miles away from Downtown Santa Monica & Third Street Promenade. Pets are allowed with owner's approval. Owner pays water and trash. Call or e-mail Lorena for an appointment. ~

  • November, 2022

  • Nov 1, 2022

    Date

    Leased

    CRMLS: SW22208153

    $4,895

    Price

  • Sep 23, 2022

    Date

    Active

    CRMLS: SW22208153

    $5,595

    Price

  • Listing provided courtesy of CRMLS

    Completely RENOVATED 3-bedrooms, 2 baths unit. All bedrooms have spacious closets! Washer and dryer in unit, stainless steel appliances, all in a prime location less than a mile to the beach, Abbot Kinney, and Main Street in Santa Monica. Quartz countertops, new dishwasher, new refrigerator, new stove, new luxury flooring, forced heating, and recessed lighting. Big, bright and sunny unit, complete with a super cute community front yard patio area. Thoughtfully designed and entirely upgraded. The owner will install an air conditioner unit before the move in date. This unit is filled with new double paned windows, a tankless water heater, and is cable and internet ready. This unit is part of a family-owned 4-plex in the delightful Ocean Park neighborhood (in the highly regarded Santa Monica-Malibu School District). Just walk three blocks to Whole Foods, two blocks to Ozone Park, or five minutes to Rose Avenue, and Sunday Farmers Market. Street parking only but most properties on the block are homes so there's plenty of parking! Contact us today for a tour and make this beautiful apartment your new home today! Located less than two miles away from Downtown Santa Monica & Third Street Promenade. Pets are allowed with owner's approval. Owner pays water and trash. Call or e-mail Lorena for an appointment. ~

  • November, 2021

  • Nov 10, 2021

    Date

    Hold

    CRMLS: DW21227027

    $1,990,000

    Price

Show More

Tax History for 642 Pier Ave

Assessed Value (2020): $327,736
Year Land Value Improved Value Assessed Value
2020 $196,645 $131,091 $327,736

Home Value Compared to the Market

This property vs the competition

642 Pier Ave sold on January 17, 2022 for 20.61% higher than the current median sold price for the city of Santa Monica which is $1,650,000. The median sold price per/sqft for Santa Monica is $1,147 and this home is sold at $601.57 per/sqft which puts the price per square foot 47.55% lower than the current median sale per square foot for the city of Santa Monica.

About 642 Pier Ave

Detailed summary of property

642 Pier Ave is a apartment that recently sold in Santa Monica, CA 90405. This apartment offered 10 bedrooms, 4 bathrooms, roughly 3,308 living square feet, and sits on an approximately 4,995 square foot lot. 642 Pier Ave was first listed on ArdentRealEstateGroup.com on October 20, 2021. The homeowner sold the property for $2,360,000. Home in Santa Monica are selling for a median price of $1,650,000 and a median price per square foot of $1,147. Based on Ardent Real Estate Group's Santa Monica Market Data, this home is sold 20.61% higher than the current median priced home. Local homes that are currently for sale include 1508 S Durango Ave, 2625 Chariton and 2621 Chariton St. While the average home in Santa Monica, CA is selling in 127 days, 642 Pier Ave has a days on market of 19 days. There are currently 232 homes for sale in the Santa Monica real estate market and 93 of them are single family homes while 101 of them are condos and 38 are townhomes. For more information on this home for sale at 642 Pier Ave Santa Monica, CA 90405 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Monica agents.

Public Facts for 642 Pier Ave

Public county record property details
Beds
10
Baths
4
Year built
1958
Sq. Ft.
3,308
Lot Size
4,994
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
4287-029-006

The source for these homes facts are from public records.

90405 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,000,000
Median List Price/Sq.Ft.
$1,169
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$1,132
Total Inventory
62
Median Sale to List Price %
97.69%
Avg Days on Market
37
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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