$5,990,000
2711 Pico Boulevard, Santa Monica CA 90405
Multi-Family (16 Units)
Property type
109 days
On market
$603
Price per sqft
N/A
Garage
1951
Year built
20,987 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Arthur Yoon DRE #01955545 213-800-2969, Redpoint Realty
Listing updated: Mar 7, 2026 at 08:17am.
Last checked: Jun 14, 2026 at 06:30am
Source: CRMLS #26657565
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 14 | 1 | 1 | — | $1,899 | $26,590 | $35,000 | Unfurnished |
| 2 | 2 | 1 | — | $2,196 | $4,392 | $7,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 16
Financial Snapshot
Gross Rent Multiplier
16.1x
List Price / Annual Gross Rent
Cap Rate
3.77%
NOI / List Price
Net Operating Income: $246,896
Interior
Cooling: None
Heating: Wall Furnace
Exterior
Stories Total: 0
Levels: One
Garage and Parking
Parking: Assigned, Uncovered
Parking Total: 12
Lot Information
Land Lease: No
Parcel #: 4274008038
Zoning: SMC4*
Community
HOA: No
Senior Community: No