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Listed by: Arthur Yoon (323) 813-5711 DRE #01955545 | Redpoint Realty (213) 380-1500
$5,500,000
Monthly Est:$27,375
18 Beds
16 Baths
9,926sqft
2711 Pico Blvd, Santa Monica, CA 90405
$5,500,000
$27,375/moEst:
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Multi Family
Built in 1951
$-- HOA
20,987 sqft lot
$554/sq.ft
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. Seller will carry, pls ask.
- Houzeo last checked: 10 minutes ago
- Listing updated: October 22, 2026 at 7:14 am
- Source: California Regional MLS-CA | MLS#: 26102086
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1951
HOA Fees
-
Finished Area
9,926 sqft
Lot Size
20,987 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26102086
MLS Status
Active
Days on Market
23
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 16
Interior
Heating
Wall Furnace
Cooling
None
Utilities & Energy
Parking Features
Assigned, Uncovered
Price History
| Date | Event | Price |
|---|---|---|
02/27/2026 Source: | Listed for Sale | $5,990,000 -8.55% $603/sqft |
12/09/2024 Source: | Off Market | $6,550,000 $660/sqft |
Pico Ranks #9 in Santa Monica, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 07, 2026, 08:30AM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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