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2711-2715 Pico Blvd
Santa Monica, CA 90405

$6,550,000 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 3.77 %
• Zoning MUBL

54 Transit Score

85 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:	3.77 %
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/Subway	Drive	Walk	Distance
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
Airport	Drive	Walk	Distance
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