25
See all 25 photos
$3,799,000
Est. payment /mo
4 Beds
3 Baths
4,393 SqFt
Price Dropped by $300K
2709 Santa Monica BLVD Santa Monica, CA 90404
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,393 sqft
Price per Sqft $864
MLS Listing ID 26651121
Bedrooms 4
HOA Y/N No
Year Built 1946
Lot Size 7,522 Sqft
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 C14 - Santa Monica
Zoning SMC4*
Interior
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Exterior
Parking Features Driveway, Garage, Tandem
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Gated
View Y/N No
View None
Total Parking Spaces 7
Private Pool No
Building
Faces South
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 4267009022
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Special Listing Condition Standard
Listed by Dennis Adelpour Berkshire Hathaway HomeServices California Properties #01773733
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