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3018-3030 Pico Blvd - Pico Blvd Portfolio 0.04 Acres of Commercial Land Offered at $10,000,000 in Santa Monica, CA 90405
Investment Highlights
- Mixed Used Opportunity on a 150 ft frontage would be receptive to 5 to 6-story buildings featuring ground-floor retail & residential units above
- Fullt tenanted units provide stabilized, diversified cash flow which offsets carrying costs during developement processing period.
- 0.40 Acre footprint is large enough to aggressively utilize California's State Density Bonus Law.
Executive Summary
Property Facts
1 Lot Available
Lot 139 Block5
| Price | $10,000,000 | Lot Size | 0.04 AC |
| Price Per AC | $250,000,000.00 |
| Price | $10,000,000 |
| Price Per AC | $250,000,000.00 |
| Lot Size | 0.04 AC |
3018 PICO Mixed Retail and offices, 3024 PICO 6 residential units, 3026 PIO Blvd. 3 Mixed retal and offices all three properties are fully tenanted
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. 3018 PICO Blvd. a fully tenanted commercial building featuring active store and office spaces to be sold to gether with a fully tenanted 6-unit residential multifamily property at 3024 PICO Blvd. and a versatile fully tenant commercial storefront/retail building at 3026 PICO Blvd. These three contiguous lots with 150 feet frontage and all together 0.04 Acres, (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 also 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. More information needed, call Farzam at 818 940-4880
Property Taxes
| Parcel Numbers | Improvements Assessment | $230,454 | |
| Land Assessment | $282,586 | Total Assessment | $513,040 |
Property Taxes
Presented by
Rosedale Real Estate
3018-3030 Pico Blvd - Pico Blvd Portfolio
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