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).
Property Details
Price:
$6,550,000
MLS #:
24470083
Status:
Active
Baths:
0
Address:
2711 Pico Boulevard
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Dec 9, 2024
State:
CA
ZIP:
90405
Lot Size:
20,782 sqft / 0.48 acres (approx)
Year Built:
1951
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
12.00
Stories Total
1
Financial
Map
Community
- Address2711 Pico Boulevard Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90405
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Courtesy of Realty Investment Advisors, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2711 Pico Boulevard
Santa Monica, CA
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