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… Read More 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] Read Less
Courtesy of Berkshire Hathaway HomeServices California Propert 310-207-7080
Listing Snapshot
Days Online
151
Last Updated
Property Type
Other
Beds
4
Square Ft.
4,393
Lot Size
0.17 Acres
Year Built
1946
MLS Number
26651121
30 Days Snapshot Of 90404
$1.49M
0%
(avg) sold price
0
-100%
homes sold
62
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Built-Ins"
Building
4,393 sq ft, Built in 1946, Levels: "Two Level", "One Level", "Attached", "Unknown"
Cooling
"Other"
Disclosures
"None"
Fireplaces
"None"
Floors
"Mixed"
Garage
2 total garage spaces, "Attached", "Driveway", "Tandem", "Other"
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