2711 Pico Boulevard, Santa Monica, CA 90405
List Price: $5.99M
Listing Status: Active
0Days on Market: 185
18 Bedrooms · 16 Bathrooms · 9,926 sq ft
Property Type: ResidentialIncome
Year Built: 1951
Lot Size: 20,987 sq ft
MLS Number: 26657565
About This Property
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.
Listing provided by: Arthur Yoon DRE #01955545 213-380-1500 arthur@arthuryoon.com, Redpoint Realty
Source: CRMLS, MLS #: 26657565
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.