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    2715 Pico Boulevard

    Santa Monica, CA 90405
    • $7,250,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: 20671908
    UPDATED: 54 min ago
    $7,250,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,926
      SQFT
    • $730
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-04-12T21:28:36.923. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/112711353
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    2715 Pico Boulevard Santa Monica, CA 90405

    • Price: $7,250,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 20671908
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    9,926
    SQFT
    $730
    $/SQFT
    1951
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - 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 Source Other Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Country Us Gross Income 366878.00 Gross Multiplier 19.76 Gross Operating Income 355872.00 Net Operating Income 233934.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 121938.00 Vacancy Allowance Rate 10.00 Zoning Mubl

    Listing provided courtesy of Benjamin J. Hsiang of Realty Investment Advisors, Inc. and Don Favia of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T21:28:36.923. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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