2709 Santa Monica Boulevard,Santa Monica, CA 90404
Santa Monica, CA 90404
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]*
Details
| MLS # | 26641799 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 200 |
| Listing Provided By | Berkshire Hathaway HomeServices California Properties | Dennis Adelpour |
Features
| SQ Feet | 4,393 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 3 |
| Zoning | SMC4* |
| Acreage | 0.17 |
Exterior
| Security Features | Carbon Monoxide Detectors, Gated Community, Smoke Detectors |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90404 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90404) | |
Price: $3,799,000 low | high Med: $2,350,000 sqft: 4,393 low | high Med: 3,878 $ / sqft: $865 low | high Med: $606 On site: 200 low | high Med: 9 | |
Market Activity 90404
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90404 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90404) | |
Price: $3,799,000 low | high Med: $2,350,000 sqft: 4,393 low | high Med: 3,878 $ / sqft: $865 low | high Med: $606 On site: 200 low | high Med: 9 | |
