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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