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Property Description

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.

Features
: Wall Furnace
: Wall/window Unit(s)
3
0
Additional Information
Remax Commercial and Investment Realty
0
CLW-X90025
CLW-X7538301
Jonathan
4293001018
: Standard
One
32

Multi-Family For Sale

537 San Vicente Boulevard, Santa Monica, California 90402

40,412 Sqft
$23,295,000
Listing ID #24419953
Basic Details
Status : Active
DaysOnMarket : 47
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24419953
Price : $23,295,000
Living Area : 40,412 Sqft
Lot Size : 22,157 Sqft
Year Built : 1957
Country : US
State : California
County : Los Angeles
City : Santa Monica
Zipcode : 90402
Price Per Square Foot : $576
ModificationTimestamp : 2024-09-10 08:45:13
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