2709 Santa Monica Blvd, Santa Monica, CA 90404
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2709 Santa Monica Blvd, Santa Monica, CA 90404
2709 Santa Monica Blvd, Santa Monica, CA 90404
2709 Santa Monica Blvd, Santa Monica, CA 90404
2709 Santa Monica Blvd, Santa Monica, CA 90404
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$ 3,799,000
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Price Dropped by $300K

2709 Santa Monica Blvd Santa Monica, CA 90404

4 Beds

3 Baths

4,393 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,393 sqft

Price per Sqft $864

MLS Listing ID 26651121

Style Unknown

Bedrooms 4

Year Built 1946

Lot Size 7,522 Sqft

Acres 0.1727

Property Sub-Type Multi-Family

Property Description

Introducing a rare and unique mixed-use investment opportunity in Santa Monica. 2709 Santa Monica features two front units, and one middle bakery all currently leased on a month-to-month basis, providing a buyer with immediate flexibility to re-tenant, reposition, or adjust rents toward market levels while recapturing the operating expenses via a NNN lease structure. The commercial component benefits from prominent frontage along a high-traffic Santa Monica Boulevard corridor, surrounded by established businesses and dense residential neighborhoods. The rear of the property consists of three residential units, all currently vacant and market-ready, offering immediate income upside. The unit mix includes: One (1) Studio + 1 Bathroom, One (1) One-Bedroom + 1 Bathroom, One (1) Two-Bedroom + 1 Bathroom (unit includes in-unit laundry). The residential units have been updated and refreshed, featuring a combination of LED lighting, new windows and blinds, upgraded flooring, new countertops, and additional improvements. In addition to the existing improvements, the property includes plans for a proposed three-story building development, presenting a compelling long-term redevelopment or expansion opportunity. A buyer may elect to operate the property in its current configuration while evaluating the development plans and applicable zoning regulations. Strategically positioned along one of Santa Monica's primary east-west thoroughfares and adjacent to West Los Angeles, the property enjoys close proximity to a wide array of restaurants, coffee shops, grocery markets, bars, retail shopping, and daily conveniences, while remaining just a short drive to the beach, nightlife, and major employment hubs. *[Units 1-3 are Residential. Units 4-6 are Commercial]

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMC4*

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling Other

Flooring Mixed

Fireplaces Type None

Equipment Built-Ins

Exterior

Parking Features Attached, Driveway, Tandem, Other

Garage Spaces 7.0

Pool None

Waterfront Description None

View Y/N No

View None

Building

Story 2

Architectural Style Unknown

Level or Stories Two, One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Berkshire Hathaway HomeServices California Propert
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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2709 Santa Monica Blvd