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$5,500,000
 $29,525 est/mo Sourced by Back At You

2711 Pico Boulevard,Santa Monica, CA 90405

Santa Monica, CA 90405

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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.

Details

MLS #26102086
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1951
Days On Site19
Listing Provided ByRedpoint Realty | Arthur Yoon

Features

Bed(s)18
Bath(s)16
SQ Feet9,926
Story(s)1
Units16
Building(s)2
ZoningSMC4*
Acreage0.48

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo

Parking

Parking FeaturesAssigned, Uncovered

Area Information

StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90405
AreaC14 Santa Monica
Listing VS Median (in 90405)
Price:
$5,500,000
low | high
Med:
$798,500
100% of Average
sqft:
9,926
low | high
Med:
937
100% of Average
$ / sqft:
$554
low | high
Med:
$853
3.895160176486% of Average
On site:
19
low | high
Med:
66.5
28.571428571429% of Average
Sourced by Back At You

Market Activity 90405

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90405
AreaC14 Santa Monica
Listing VS Median (in 90405)
Price:
$5,500,000
low | high
Med:
$798,500
100% of Average
sqft:
9,926
low | high
Med:
937
100% of Average
$ / sqft:
$554
low | high
Med:
$853
3.895160176486% of Average
On site:
19
low | high
Med:
66.5
28.571428571429% of Average
Sourced by Back At You
Listing Updated: October 19, 2026 at 4:26:17 PM PDT
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