2711 Pico Blvd Active Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90405
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