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$ 5,990,000
Est. payment /mo
Active
2711 Pico BLVD Santa Monica, CA 90405
18 Beds
16 Baths
9,926 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,926 sqft
Price per Sqft $603
MLS Listing ID 26657565
Bedrooms 18
HOA Y/N No
Year Built 1951
Lot Size 0.482 Acres
Property Description
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 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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMC4*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Uncovered
Total Parking Spaces 12
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4274008038
Special Listing Condition Standard
Listed by Arthur Yoon Redpoint Realty #01955545
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