2715 Pico, Santa Monica, CA 90405

$6,950,000
18
BD
16
BA
9,926
SqFt
List Price
$6,950,000
Status
Active
MLS#
20551694
Year Built
1951
Bedrooms
18
Bathrooms
16
Living Sq. Ft
9,926
Lot Size
20,897
Days on Market
17
Property Type
Multifamily

Property Description

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 14 one-bedroom units and 2 two-bedroom units all with hardwood floors. Parking is located in the rear. 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 up to FAR 2.0 for 100% affordable housing project. 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!

Additional Information

Heat
Other
Cooling
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Parking
Parking Space

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Courtesy of Redpoint Realty, Young Arthur Yoon - CA DRE#01955545

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