Santa Monica, CA 90405,2711 Pico Blvd
Santa Monica, CA 90405,2711 Pico Blvd
Santa Monica, CA 90405,2711 Pico Blvd
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$6,550,000
Est. payment /mo
18 Beds
16 Baths
9,926 SqFt
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UPDATED:

12/17/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,926 sqft

Price per Sqft $659

MLS Listing ID 24-470083

Bedrooms 18

Year Built 1951

Lot Size 0.477 Acres

Acres 0.4771

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

Area Santa Monica

Zoning SMC4*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Range/Oven

Exterior

Parking Features Assigned

Garage Spaces 12.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Realty Investment Advisors, Inc.

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John Matukas

+1(323) 377-4961

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