Santa Monica Development
For Sale
$3,350,000
3024 Pico Boulevard, Santa Monica, CA 90405
Three contiguous properties for development in Santa Monica's Sunset Park.
Property Size3,042 SF
Price / SF$190.88
Days on Market132
Property Features for 3024 Pico Boulevard
General Information
Standard status
Active
Size
3,042 SF
Property subtype
Multi Family
Building Details
Building Size
3,042 SF
Year Built
1957
Listing Agency:
Rosedale Real Estate
(818) 843-7100
Listed By:
Farzam Jalili · License #02030454
Source:
Truthrealty
Added: Apr 23
Changed: Aug 28
Last Checked: Aug 30 at 9:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rosedale Real Estate
Investment Insights
Based on property information with market context.
This offering presents a rare opportunity to acquire a three-property development assembly in the Sunset Park neighborhood of Santa Monica. The portfolio includes a fully tenanted 6-unit residential multifamily property at 3024 PICO Blvd, a versatile fully tenanted commercial storefront/retail building at 3018 PICO Blvd, and a fully tenanted commercial building featuring active store and office spaces at 3026 PICO Blvd. The three contiguous lots offer 150 feet of frontage and 17550 square feet of space. Zoned Santa Monica Neighborhood Commercial (NC), the properties provide immediate cash flow while allowing for future development. The site offers flexibility for a mixed-use commercial and residential project. Located in a "Biker’s Paradise" with a bike score of 95 and a high walk score of 81, the site provides access to local businesses, transit, beaches, and schools. The transit score is 55, indicating good transit options. This Pico Boulevard assembly offers potential to capitalize on existing cash flow from retail, office, and residential tenants or to execute a large-scale development.
Key Highlights
- Rare three‑property development assembly in Santa Monica's Sunset Park neighborhood.
- 17,550 sq ft of land with 150 feet of frontage on Pico Boulevard.**
- Santa Monica Neighborhood Commercial (NC) zoning allows for flexible mixed‑use development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 90405, CA
27,966
Population
15,726
Households
1.8
Avg Household Size
43
Median Age
70%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
9,988
Density / Sq Mi
$114,489
Median Household Income
$84,727
Median Earnings
$2,311
Median Rent
$1,940,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three contiguous properties for development in Santa Monica's Sunset Park.
Where is this mixed-use property located?
The property is located at 3024 Pico Boulevard Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Rare three‑property development assembly in Santa Monica's Sunset Park neighborhood.; 17,550 sq ft of land with 150 feet of frontage on Pico Boulevard.**; Santa Monica Neighborhood Commercial (NC) zoning allows for flexible mixed‑use development.
