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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

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.

Property Facts

Price $13,781,400 CAD
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Hold For Development
  • Hold For Investment
  • Storefront, Retail or Office
Total Lot Size 0.04 AC
Zoning SMC4/NC - Sanat Monica's SMC4* and NC (Neighborhood Commercial) Zoning Provides numerous opportunities to redevelop high-density, mixed-use residential projects

1 Lot Available

Lot 139 Block5

Price $13,781,400 CAD
Price Per AC $344,534,993.17 CAD
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

Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 4270-006-043
  • 4270-006-041
  • 4270-006-042
Land Assessment
$389,443 CAD
Improvements Assessment
$317,598 CAD
Total Assessment
$707,041 CAD
  • Listing ID: 40665562

  • Date on Market: 2026-05-26

  • Last Updated:

  • Address: 3018-3030 Pico Blvd, Santa Monica, CA 90405

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