2711 Pico Boulevard

Santa Monica, CA 90405

$6,550,000

List Price

18

bed Beds

16

shower Baths

9,926 sqft

straighten / sqft

1951

calendar_month Built

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).

Listing Information

List Price $6,550,000
Status Active
MLS 24470083
Type Residential Income
Year Built 1951
Lot Size 20,782
Structure Size 9,926
DOM 9
Courtesy Of Realty Investment Advisors, Inc.
Listing Agent Benjamin J. Hsiang DRE#01438644
Co-Listing Agent Don Favia DRE#01841258

Interior Features

Total Bedroom
Bedrooms 18
Total Bathroom
Bathrooms 16
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Benjamin J. Hsiang, Don Favia, Realty Investment Advisors, Inc. 424-377-6001. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 5:53 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.