Log In/Sign Up
Your email has been sent.
2218 Pico Blvd 3,294 SF Vacant Retail Building Santa Monica, CA 90405 $3,434,442 CAD ($1,042.64 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 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 |
$266,524
|
$80.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$266,524
|
$80.91
|
| Taxes |
$39,575
|
$12.01
|
| Operating Expenses |
$28,852
|
$8.76
|
| Total Expenses |
$68,427
|
$20.77
|
| Net Operating Income |
$198,096
|
$60.14
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $266,524 |
| Annual Per SF | $80.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $266,524 |
| Annual Per SF | $80.91 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,575 |
| Annual Per SF | $12.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $28,852 |
| Annual Per SF | $8.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,427 |
| Annual Per SF | $20.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $198,096 |
| Annual Per SF | $60.14 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,294 SF
Building Class
C
Year Built/Renovated
1945/2026
Price
$3,434,442 CAD
Price Per SF
$1,042.64 CAD
Cap Rate
5.77%
NOI
$198,167 CAD
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
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 | $187,548 CAD (2025) |
| Land Assessment | $99,511 CAD (2025) | Annual Taxes | $39,575 CAD ($12.01 CAD/SF) |
| Improvements Assessment | $88,037 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4273-005-004
Land Assessment
$99,511 CAD (2025)
Improvements Assessment
$88,037 CAD (2025)
Total Assessment
$187,548 CAD (2025)
Annual Taxes
$39,575 CAD ($12.01 CAD/SF)
Tax Year
2026
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2218 Pico Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.