Property listed by Redpoint Realty, Arthur Yoon 213-380-1500
$5,990,000
A true Santa Monica developer's dream delivered with 10 vacant units. 2711-2715 Pico Blvd presents a rare opportunity to acquire a 16-unit apartment property in the heart of Santa Monica, offering exceptional value-add and redevelopment potential. Situated on an expansive 20,897 SF lot, the property consists of two side-by-side buildings… Read More totaling 16 units, including fourteen 1-bedroom units and two 2-bedroom units. Many units feature charming hardwood floors, and convenient rear parking enhances tenant appeal. The location offers strong walkability and daily convenience, positioned directly next to Starbucks and surrounded by neighborhood retail, dining, and residential density. Zoned MUBL (Mixed-Use Boulevard), the site provides attractive development flexibility with a base FAR of 2.0 and up to 45 feet in height. Potential exists for increased density up to FAR 2.5 and 55 feet for 100% affordable housing projects (buyer to verify with the City). Ideal for investors or developers seeking a prime Westside asset with immediate upside through renovation, lease-up, or new construction. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
18
Square Ft.
9,926
Lot Size
0.48 Acres
Year Built
1951
MLS Number
26657565
Additional Details
Building
Built in 1951, Living area: 9926.0, 2 buildings, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $371,784, Net Operating Income: $246,896
Lot
0.4818 acres
Parking
12 total parking spaces, Assigned, Uncovered
Taxes
Parcel Number: 4274008038, Zoning: SMC4*
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
