2711 Pico BLVD, Santa Monica, CA 90405
2711 Pico BLVD, Santa Monica, CA 90405
2711 Pico BLVD, Santa Monica, CA 90405
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Tera Rench

Tera Rench

+1(262) 370-7299
$5,500,000
Est. payment /mo
18 Beds
16 Baths
9,926 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,926 sqft

Price per Sqft $554

MLS Listing ID 26102086

Bedrooms 18

HOA Y/N No

Year Built 1951

Lot Size 0.482 Acres

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. Seller will carry, pls ask.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMC4*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Assigned, Uncovered

Total Parking Spaces 12

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4274008038

Special Listing Condition Standard

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Listed by Arthur Yoon Redpoint Realty #01955545

NEARBY SCHOOL & BUSINESS

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