$5,990,000

2711 Pico Boulevard, Santa Monica, CA 90405

9,926 sqft

other
Built in 1951
0.48acre lot
—— car garage
$603/sqft
Listed 1 month ago

Property 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.

Listing Status:: Active
Date Added:: February 27, 2026
Data Last Updated:: April 2, 2026 at 4:06AM
Listing Office:: Redpoint Realty : 213-380-1500
Listing Agent:: Arthur Yoon : 213-800-2969
MLS ID:: CL26657565

A/C: None
Heating: Wall Furnace

Parking: AssignedOtherUncovered Parking Space

Originating MLS: CRMLS
County: Los Angeles

Zoning: SMC44274008038

Source: CRMLS

This listing courtesy of Arthur Yoon , Redpoint Realty

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Principal & Interest $
Property Taxes $
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Location

Schools Nearby

Edison Language Academy

2402 Virginia Ave, Santa Monica, CA, 90404

Grades PK-5

0.23 miles away

John Adams Middle School

2425 16th St, Santa Monica, CA, 90405

Grades 6-8

0.89 miles away

Olympic High (Continuation)

721 Ocean Park Blvd, Santa Monica, CA, 90405

Grades 9-12

1.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.