3011 Pico blvd, Santa Monica, CA 90405
Active
$1,200,000
3 Units
0 Beds
3 Baths
1,178 Area(sq.ft.)
Lot: 2,497 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 1,312 | $ 4,737 | $ 2,000 |
| Unit 2 | 2 | studio | 1 | No | $ 1,625 | $ 4,737 | $ 1,800 |
| Unit 3 | 3 | studio | 1 | No | $ 1,450 | $ 4,737 | $ 1,800 |
| 6 | 0 | 6 | $ 8,912 | $ 28,421 | $ 11,000 |
| MLS #: | 25538813 |
| Days On Market: | 204 |
| Listing Date: | May 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,019 |
| Price per unit: | $ 400,000 |
| Year Built: | 1946 |
Property Details
3011 Pico presents an exceptional investment opportunity in a prime Santa Monica location. This income producing Triplex offers three tenant occupied studio units with potential for appreciation. Great proximity to SMC and Virginia Park, Trader Joe's and Bergamot Station. Property contains one free standing unit and a back building duplex with two additional studio units . Zoning is SMC4. Buyer may investigate for potential commercial use.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 51,013 |
| Total Annual Expense: | $ 18,760 |
| Net Operating Income: | $ 32,254 |
| Gross Annual Income: | $ 51,013 |
| Cap Rate: | 2.68% |
| Gross Rent Multiplier: | 23.52 |
Structure
| Type of Units: | 3 |
| Buildings: | 2 |
| Levels: | One |
| Sewer: | In Street |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | SMC4* |
| Parking Garage: | None |
Interior
| AC/Cooling: | None |
| Equipment: | Refrigerator, Range/Oven |
| Heating: | Floor Furnace |
| Fireplace Rooms: | Bath, Kitchen |
| Laundry: | None |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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