2218 Pico Blvd Santa Monica, CA 90405-1772
This exceptional mixed-use property, located at 2218 Pico Blvd in Santa Monica, California, presents a compelling redevelopment opportunity. The 4,506 square foot parcel boasts a highly visible location on Pico Boulevard, a major thoroughfare leading to the renowned Santa Monica Beach and Pier (less than two miles away). Its strategic position offers easy access to Santa Monica College, a mere five-minute walk, and is surrounded by a vibrant mix of retail and residential establishments. The existing building comprises approximately 3,293 square feet. The property is zoned for mixed-use (SMC4 per the City of Santa Monica) and benefits from an average daily traffic count of 21,974 vehicles. This presents a unique chance to capitalize on the high demand and affluent nature of this area. The asking price is $1,950,000, translating to $432.76 per square foot. The property's APN is 4273-005-004. This is an ideal investment for developers seeking a high-traffic, high-visibility location in one of Southern California's most desirable cities. The property's proximity to the beach, college, and dense residential and retail areas ensures strong potential for future development and high returns.
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Max Personal Loans Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SMC4* · Santa Monica, CASanta Monica. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.