3024 Pico Boulevard, Santa Monica, CA 90405

$3,350,000

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List Agent Farzam Jalili () 818.843.7100 Rosedale Real Estate; CoList ()

List Price
$3,350,000
Status
ACTIVE
MLS#
BB26087714
Year Built
1957
Lot Size
5,774
Lot Location
No Landscaping, Paved, Rectangular Lot
Days on Market
97
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

Prime Santa Monica Development Assembly lots at: 3018, 3024 & 3026 Pico Blvd Offering $10,000,000.00 An exceptionally rare opportunity to acquire a premier three-property development assembly in the highly coveted Sunset Park neighborhood of Santa Monica. Spanning three contiguous parcels along the bustling Pico Boulevard corridor, this portfolio is the ultimate package for a developer or visionary investor seeking a substantial footprint in one of Westside Los Angeles's most dynamic and high-demand markets. 3024 PICO Blvd is a fully tenanted 6-unit residential multifamily property to be sold together with a versatile fully tenant commercial storefront/retail building at 3018 PICO Blvd, and a fully tenanted commercial building featuring active store and office spaces at 3026 PICO Blvd. These three contiguous lots with 150 feet frontage and 17550 Sq/ft in Santa Monica Neighborhood Commercial (NC) zoning provides immediate, diversified cash flow while planning for future development and offer massive flexibility for a mixed-use commercial and residential project situated in a "Biker’s Paradise" with a high Walk Score, the site offers seamless access to Santa Monica’s premium local businesses, transit, beaches, and top-tier schools. Properties like this rarely come to market as a unified package. Whether you are looking to capitalize on existing, stabilized cash flow from reliable retail, office, and residential tenants or are ready to execute a large-scale development in a premium zip code, this Pico Boulevard assembly delivers unparalleled potential.

Additional Information

Heat
Electric, Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Brick, Stucco
Roof
Flat
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.