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2218 Pico Blvd 3,294 SF Vacant Retail Building Santa Monica, CA 90405 $2,495,000 ($757.44/SF) 5.77% Cap Rate
Investment Highlights
- Huge private courtyard, perfect for entertaining
- Renovated and fully Vacant
- Significant foot traffic
- Flexible zoning with many possible uses
Executive Summary
One-of-a-kind opportunity for a flagship mid-century building, including a creative space plus 3 additional units for office, storage or income. Beautiful courtyard entry creates incredible indoor outdoor flow, perfect for events and entertaining.
With a brand new Intelligentsia Coffee location down the street, timeless classic Gilbert's El Indio, Whole Foods on the corner and a new Joe and the Juice opening soon, the property sits on a stretch of Pico in Santa Monica fast growing into one of the hottest locations on the westside.
Creative Space approx 1335 sqft. 3 additional units (studio, 1br, 2br).
Please text Seth at (323)327-8574 for showings or more info.
With a brand new Intelligentsia Coffee location down the street, timeless classic Gilbert's El Indio, Whole Foods on the corner and a new Joe and the Juice opening soon, the property sits on a stretch of Pico in Santa Monica fast growing into one of the hottest locations on the westside.
Creative Space approx 1335 sqft. 3 additional units (studio, 1br, 2br).
Please text Seth at (323)327-8574 for showings or more info.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$193,620
|
$58.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,620
|
$58.78
|
| Taxes |
$28,750
|
$8.73
|
| Operating Expenses |
$20,960
|
$6.36
|
| Total Expenses |
$49,710
|
$15.09
|
| Net Operating Income |
$143,910
|
$43.69
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $193,620 |
| Annual Per SF | $58.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $193,620 |
| Annual Per SF | $58.78 |
| Taxes | |
|---|---|
| Annual | $28,750 |
| Annual Per SF | $8.73 |
| Operating Expenses | |
|---|---|
| Annual | $20,960 |
| Annual Per SF | $6.36 |
| Total Expenses | |
|---|---|
| Annual | $49,710 |
| Annual Per SF | $15.09 |
| Net Operating Income | |
|---|---|
| Annual | $143,910 |
| Annual Per SF | $43.69 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,294 SF
Building Class
C
Year Built/Renovated
1945/2026
Price
$2,495,000
Price Per SF
$757.44
Cap Rate
5.77%
NOI
$143,962
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.10 AC
Zoning
NC - NC - Neighborhood Commercial
Retail, office, restaurant, beauty, wellness, mixed use
Frontage
45’ on Pico Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Todd Allen
- Real Estate
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Todd Allen | Real Estate | - | - | - |
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4273-005-004 | Total Assessment | $136,247 (2025) |
| Land Assessment | $72,291 (2025) | Annual Taxes | $28,750 ($8.73/SF) |
| Improvements Assessment | $63,956 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4273-005-004
Land Assessment
$72,291 (2025)
Improvements Assessment
$63,956 (2025)
Total Assessment
$136,247 (2025)
Annual Taxes
$28,750 ($8.73/SF)
Tax Year
2026
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2218 Pico Blvd
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