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2711 Pico Boulevard, Santa Monica, CA 90405

$5,500,000 Approx. USD 18 beds, 16 baths
9,926 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Arthur Yoon | arthur@arthuryoon.com
Lic#: 01955545
Broker: Courtesy of Redpoint Realty
Phone: 3238135711

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26102086

Price: $5,500,000

Beds: 18

Baths: 16

Built in 1951

9,926 sqft

1 story

0.48 acres

Lot size: 0.4818

County: Los Angeles

Zoning: SMC4*

Parking description: Assigned,Uncovered

Heating/cooling: None

Heating description: Wall Furnace

MLS area: C14 - Santa Monica

Last Updated: 10/22/2026

Days On Market (DOM): 20

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This listing belongs to the C14 - Santa Monica MLS area

Lat/Long: 34.024113, -118.461235.
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