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2218 Pico Blvd 3,294 SF 100% Leased Office Building Santa Monica, CA 90405 $3,442,576 CAD ($1,045.11 CAD/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 fully vacant 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$267,155
|
$81.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,155
|
$81.10
|
| Taxes |
$39,669
|
$12.04
|
| Operating Expenses |
$28,920
|
$8.78
|
| Total Expenses |
$68,589
|
$20.82
|
| Net Operating Income |
$198,566
|
$60.28
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $267,155 |
| Annual Per SF | $81.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $267,155 |
| Annual Per SF | $81.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,669 |
| Annual Per SF | $12.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $28,920 |
| Annual Per SF | $8.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,589 |
| Annual Per SF | $20.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $198,566 |
| Annual Per SF | $60.28 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,294 SF
Building Class
C
Year Built/Renovated
1945/2026
Price
$3,442,576 CAD
Price Per SF
$1,045.11 CAD
Cap Rate
5.77%
NOI
$198,637 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,647 SF
Building FAR
0.76
Lot Size
0.10 AC
Zoning
SMC4* - Highway Commercial District
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4273-005-004 | Total Assessment | $187,487 CAD (2025) |
| Land Assessment | $99,478 CAD (2025) | Annual Taxes | $39,669 CAD ($12.04 CAD/SF) |
| Improvements Assessment | $88,009 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4273-005-004
Land Assessment
$99,478 CAD (2025)
Improvements Assessment
$88,009 CAD (2025)
Total Assessment
$187,487 CAD (2025)
Annual Taxes
$39,669 CAD ($12.04 CAD/SF)
Tax Year
2026
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2218 Pico Blvd
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