$ 5,990,000
-
$5,990,000
Price -
18
Bed -
16
Bath -
9,926
SqFt
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About the Listing X8148301 - C118048
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.
Listing Highlights
Status
Active
Days on Site
23
Property Type
Multi-Family
MLS ®
26657565
Year Built
1951
Total Square Footage
9,926
Lot/Acreage
0.48
County
Los Angeles
Interior Details
- Bedrooms: 18
- Bathrooms: 16 Full
- Appliances:
- Air Cond:
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: SMC4*
- Roof:
- Others:
- Sewer:
- Parking Features: Uncovered,Assigned
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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Years
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Questions About..
2711 Pico Blvd Santa Monica, CA 90405
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