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    2715 Pico Blvd

    Santa Monica, CA 90405
    • $7,250,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 20-671908
    UPDATED: 42 min ago
    $7,250,000
    • 18
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,926
      SQFT
    • $730
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:
    Area:

    School Ratings & Info

    Description

    A Santa Monica Developer's Dream! Delivered with 10 Units Vacant. Spanning over a massive 20,782 sq.ft. lot, the property consists of 2 side by side buildings, featuring fourteen, one bedroom one bath units and two two-bedroom units all with hardwood floors. Parking is located at 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!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-03T06:43:36.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/112712223
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    2715 Pico Blvd Santa Monica, CA 90405

    • Price: $7,250,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 20-671908
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    9,926
    SQFT
    $730
    $/SQFT
    1951
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    A Santa Monica Developer's Dream! Delivered with 10 Units Vacant. Spanning over a massive 20,782 sq.ft. lot, the property consists of 2 side by side buildings, featuring fourteen, one bedroom one bath units and two two-bedroom units all with hardwood floors. Parking is located at 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!
    Exterior Features

    Lot Size Area 20782 Other Structures None Parking Garage Carport Total Parking 10

    Interior Features

    Baths Total 16.00 Cooling Wall/Window Equipment None Heating Other

    Property Features

    Assessed Total Value 1614919 Gross Income 366878 Gross Operating Income 355872 Like Units1 14 Like Units2 1 Like Units3 1 Net Operating Income 233934.00 Number Of Buildings 2 Number Of Units 16 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 121938 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Mubl

    Listing provided courtesy of Benjamin J. Hsiang DRE#01438644 of Realty Investment Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-03T06:43:36.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583