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$ 3,350,000
Est. payment | /mo
5,776 Sqft Lot
$ 3,350,000
Est. payment | /mo
5,776 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26087714
HOA Y/N No
Year Built 1957
Lot Size 5,776 Sqft
Lot Dimensions Appraiser
Property Sub-Type Multi Family
Property Description
Prime Santa Monica Development Assembly: 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.
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning SM NC/R2
Interior
Heating Electric, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence Partial
Roof Type Flat
Building
Lot Description No Landscaping, Paved, Rectangular Lot
Story 2
Water Public
Others
Tax ID 4270006042
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Farzam Jalili Rosedale Real Estate 818-940-4880, DRE #02030454
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