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$ 6,550,000
Est. payment /mo
Active
2711 Pico Boulevard Santa Monica, CA 90405
9,926 SqFt
UPDATED:
01/24/2025 07:18 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,926 sqft
Price per Sqft $659
MLS Listing ID CL24470083
HOA Y/N No
Year Built 1951
Lot Size 0.477 Acres
Acres 0.48
Property Sub-Type Other
Property Description
A Santa Monica Developer's Dream! DELIVERED WITH 10 VACANT UNITS! We are proud to present 2711-2715 Pico Blvd, a rare 16-unit apartment property in the heart of Santa Monica, offering incredible potential for investors and developers alike. Set on a sprawling 20,897-square-foot lot, this property features two side-by-side buildings comprising 14 one-bedroom units and 2 two-bedroom units, all with charming hardwood floors. Parking is conveniently located at the rear of the property, adding to its tenant appeal. Plus, it's situated directly next door to a Starbucks, ensuring unparalleled convenience and walkability. This property presents a remarkable value-add opportunity through renovation or redevelopment. Zoned MUBL (Mixed-Use Boulevard), the site allows for FAR 2.0 and 45' height under base standards. Potential for FAR 2.5 and 55' height with 100% affordable housing projects (buyer to verify with the City of Santa Monica).
Location
State CA
County Los Angeles
Zoning SMC4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4274008038
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Benjamin J. Hsiang • Realty Investment Advisors, Inc.