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18 Beds
16 Baths
9,926 sqft

$5,990,000

2711 Pico Boulevard, Santa Monica CA, 90405

Price per sqft$603.47
Built in1951
Property size9,926 sqft
Property typeResidential
Listed by Arthur Yoon CA DRE# 01955545 with Redpoint Realty 3238135711

Overview

Active

Listed Feb 27, 2026

Updated Sep 1

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.

$39,852/mo

Est. mortgage payment based on a $5,990,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26657565

Interior Features

Bedrooms
18
Bathrooms
16
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.48 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Arthur Yoon CA DRE# 01955545 with Redpoint Realty 3238135711

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/1/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/1/2026 at 2:16 PM UTC Last Checked: 2:16 PM UTC

 

 

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