Active

537 San Vicente Boulevard

Santa Monica CA, 90402

$23,295,000


$576.44 per sqft

Active

40,412 sqft

Other

Built in 1957

We are pleased to offer for sale an incredibly rare multifamily asset at 537 San Vicente Blvd. in the heart of LA's famed beach city of Santa Monica. Originally built in 1957, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. There is significant rental upside, and on-site parking for 33 cars (and a wrap around driveway for additional parking), an on-site laundry facility and beautiful sparkling pool. The unit mix includes (19) 1-bed, 1-bath units, and (14) 2-bed, 2-bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. A quick walk to Montana Avenue and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

CL24419953

MLS ID

July 25, 2024

Listed

August 23, 2024

Updated

Map

537 San Vicente Boulevard
Santa Monica CA, 90402

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.51 Acres

Other Property Details

Area Name

Santa Monica


Garage

No


Parking

Below Ground Parking, Assigned


View

No


County

Los Angeles


Pool

No


Zoning

SMR2

Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 424-672-8220 

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