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Development Opportunity in Santa Monica
Call for price

For Sale
  • Summary
  • Location
  • Walk Score

A Santa Monica Developer’s Dream! DELIVERED WITH 9 UNITS VACANT. We are pleased to present 2711-2715 Pico Blvd, a 16 unit apartment property located in Santa Monica.

Spanning over a massive 20,782 SQFT LOT, the property consists of 2 side by side buildings, featuring fourteen, one-bedroom units and two two-bedroom units all with hardwood floors. Parking is located in the rear of the property.

This investment is an excellent opportunity for renovation of the existing apartments or redevelop with mixed-use zoning, which permits from FAR 1.25 for base standard up to FAR 2.0 for 100% affordable housing projects. Buyer’s to do their own due diligence with City of Santa Monica as to permitted construction.

Located a short distance to Santa Monica’s premier shopping areas and host of high end boutiques, UCLA Medical Center, Bergamot Station Art Gallery & Cultural Center, Colorado Center Urban Creative Office, Santa Monica Water Garden, and home to Third Street Promenade, Santa Monica Place and Santa Monica beach/pier!

 

  • 20,782 square foot lot
  • Excellent Redevelopment Opportunity Zoned MUBL (Mixed-Use Boulevard)
  • 16 Existing Units (9 Delivered Vacant) Great value-add & upside
  • Prime Location | Close to Third Street Promenade & Santa
    Monica beach/pier

Walk Score

83

Bike Score

80

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