For Sale
$1,950,000

2218 Pico BlvdSanta Monica, CA 90405

Santa Monica redevelopment opportunity. High traffic, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property, located at 2218 Pico Blvd in Santa Monica, California, presents a compelling redevelopment opportunity. The 4,506 square foot parcel boasts a highly visible location on Pico Boulevard, a major thoroughfare leading to the renowned Santa Monica Beach and Pier (less than two miles away). Its strategic position offers easy access to Santa Monica College, a mere five-minute walk, and is surrounded by a vibrant mix of retail and residential establishments. The existing building comprises approximately 3,293 square feet. The property is zoned for mixed-use (SMC4 per the City of Santa Monica) and benefits from an average daily traffic count of 21,974 vehicles. This presents a unique chance to capitalize on the high demand and affluent nature of this area. The asking price is $1,950,000, translating to $432.76 per square foot. The property's APN is 4273-005-004. This is an ideal investment for developers seeking a high-traffic, high-visibility location in one of Southern California's most desirable cities. The property's proximity to the beach, college, and dense residential and retail areas ensures strong potential for future development and high returns.

Highlights

  • For Sale: $2,400,000 ($532.62 PSF)
  • 4,506 SF Redevelopment Opportunity
  • Highly visible site, less than 2 miles from Santa Monica Beach & Pier, 5-minute walk to Santa Monica College
  • Average daily traffic count: 21,974 vehicles
  • Mixed-use zoning (SMC4)
  • APN: 4273-005-004

Property Details for 2218 Pico Blvd

Property type
Retail properties, Office properties
Square Feet
4,506 SF

Location Insight

City
Santa Monica
County
Los Angeles
State
California
Latitude
34.0205411
Longitude
-118.4667911
2218 Pico Blvd, Santa Monica, California

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2218 Pico Blvd
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