819 Pier Avenue
Santa Monica, CA, 90405
$1,299,000
MLS: 26103159
Beds
2
Baths
1
Sq Ft
676
Lot
0.11 ac
Year Built
1920
MLS #
26103159
Days on Market
4
Listed
Oct 19, 2026
Description
Developer's dream! This 4,700+ square foot property zoned R2 (multi-family) offers a unique opportunity in Santa Monica, with panoramic views and no rent control. Less than one mile from the beach, yet not subject to the Coastal Commission. Create two, three, or up to five units of luxury housing (3 standard units + 2 ADUs). Or if also building one affordable unit, build even more than five luxury units. Make them condominiums if desired. (These scenarios are intended to give an idea of what may be possible and not to be definitive; a brief stop at the City will confirm the possibilities!) Include as much or as little on-site parking as you like, or even no parking at all. Walk to Whole Foods, Gelson's, Starbucks, and dozens of restaurants and coffee shops. Only one block to either of two dedicated bike lanes leading across Santa Monica or to the beach. One block to the Big Blue Bus to downtown Santa Monica or LAX. Get in now, as ever more shops and restaurants come to this rapidly upscaling neighborhood. The existing cottage dates from early in Santa Monica's history. Unlike other properties where rent control can impede development, this property has a permanent exemption from rent control! In Santa Monica, with its top public schools and ocean breezes, the enormous potential of this property is one-of-a-kind.
Location
Santa Monica, Los Angeles County, CA 90405
Open on Google Maps ↗Listed by: Benjamin S. Lee · The Agency
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$10,171
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $129,900 · Loan: $1,169,100
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,031
- Property tax (1.25%)
- $1,353
- Homeowners insurance
- $300
- Mortgage insurance
- $487
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $45,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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