Active
2711 Pico Boulevard
Santa Monica CA, 90405
$6,550,000
$659.88 per sqft
Active
18 Beds
16 Baths
9,926 sqft
Residential
Built in 1951
Listed by Benjamin J. Hsiang with Realty Investment Advisors, Inc. 424-377-6001
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).
24470083
MLSⓇ ID
December 9, 2024
Listed
December 19, 2024
Updated
Map
2711 Pico Boulevard
Santa Monica CA, 90405
Interior Features
Total Stories
1
Bedrooms
18
Total Bathrooms
16
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.48 Acres
Other Property Details
Area Name
C14 - Santa Monica
Days on Market
9
Garage
No
Parking
Assigned
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
SMC4*
Listing Contact:
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Data last updated on 12/19/2024 at 6:42 AM UTC