List Search

2711-2715 Pico Blvd
Santa Monica, CA 90405 Pico

$5,990,000 USD

Apartments For Sale  •  9,926 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,926 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1951
  • Cap Rate 4.12 %
  • Zoning MUBL
55 Transit Score
84 Walk Score

Highlights

DELIVERED WITH 10 VACANT UNITS
16 units total: 14 one-bedrooms, 2 two-bedrooms
9,926 square feet of building on a 20,897-square-foot lot
Zoned MUBL (Mixed-Use Boulevard) FAR 2.0 and 45’ height under base standards. Potential for FAR 2.5 and 55’ height with 100% affordable housing proje
Located next door to Starbucks and close to shopping, dining, and cultural landmarks in Santa Monica
Prime Santa Monica Location

Financial Summary (Actual)

Net Operating Income: $246,896 USD (2024)
Cap Rate: 4.12 %
Total Expenses: $113,734 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Oven
  • Range
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
26Th St/Bergamont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 13 min 0.7 mi
Expo/Bundy (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 16 min - 9.4 mi
Bob Hope 31 min - 20.5 mi
Long Beach (Daugherty Field) 35 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 12
Type: Reserved
Included in Rent: Yes
Arthur Yoon 213-800-2969 Redpoint Realty
Arthur Yoon 213-800-2969 Redpoint Realty