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$ 5,990,000
Est. payment | /mo
9,926 SqFt
$ 5,990,000
Est. payment | /mo
9,926 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,926 sqft
Price per Sqft $603
MLS Listing ID CL26657565
HOA Y/N No
Year Built 1951
Lot Size 0.482 Acres
Acres 0.48
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning SMC4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4274008038
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Arthur Yoon • Redpoint Realty
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