2711 Pico Blvd

Santa Monica CA 90404

9926 sq. ft.

20987 sq. ft.

Other

Currently for sale - view listing

Overview

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.

Features

18 bedrooms

16 bathrooms

12 carspaces

9926 sq. ft. floor area

20987 sq. ft. lot size

Other

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Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Young Arthur Yoon

at Redpoint Realty

View listing

Sales:: (619) 566-0008

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