2218 Pico BlvdSanta Monica, CA 90405

Property Details for 2218 Pico Blvd

Year built

1945

Construction

TILT-UP CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

3,293 SF

Zone code

SMC4*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4273-005-004

APU

4273005004

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $810,715

  6.5%

  $748,352

  7%

  $694,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $625,120

  Geo Method

  $626,197

• Alternative Use

  Use

  Valuation

  Residential

  $927,956

  Hospitality

  $850,003

  Educational

  $707,193

  Medical

  $731,514

  Retail

  $1,100,077

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0206

Longitude

-118.467

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].