$ 4,099,000
-
$4,099,000
Price -
4
Bed -
3
Bath -
4,393
SqFt
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About the Listing B2003102 - C110573
Introducing a rare and unique mixed-use investment opportunity in Santa Monica. 2709 Santa Monica features two front units, and one middle bakery all currently leased on a month-to-month basis, providing a buyer with immediate flexibility to re-tenant, reposition, or adjust rents toward market levels while recapturing the operating expenses via a NNN lease structure. The commercial component benefits from prominent frontage along a high-traffic Santa Monica Boulevard corridor, surrounded by established businesses and dense residential neighborhoods. The rear of the property consists of three residential units, all currently vacant and market-ready, offering immediate income upside. The unit mix includes: One (1) Studio + 1 Bathroom, One (1) One-Bedroom + 1 Bathroom, One (1) Two-Bedroom + 1 Bathroom (unit includes in-unit laundry). The residential units have been updated and refreshed, featuring a combination of LED lighting, new windows and blinds, upgraded flooring, new countertops, and additional improvements. In addition to the existing improvements, the property includes plans for a proposed three-story building development, presenting a compelling long-term redevelopment or expansion opportunity. A buyer may elect to operate the property in its current configuration while evaluating the development plans and applicable zoning regulations. Strategically positioned along one of Santa Monica's primary east-west thoroughfares and adjacent to West Los Angeles, the property enjoys close proximity to a wide array of restaurants, coffee shops, grocery markets, bars, retail shopping, and daily conveniences, while remaining just a short drive to the beach, nightlife, and major employment hubs. *[Units 1-3 are Residential. Units 4-6 are Commercial]
Listing Highlights
Status
Active
Days on Site
38
Property Type
Multi-Family
MLS ®
26651121
Year Built
1946
Total Square Footage
4,393
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Wall
- Fireplaces:
- Floor: Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 7
- Zoning: SMC4*
- Roof:
- Others:
- Sewer:
- Parking Features: Attached,Driveway,Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
2709 Santa Monica Blvd Santa Monica, CA 90404
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