537 SAN VICENTE Boulevard

Santa Monica, CA, 90402

$26,750,000

$661 per ft²
$26,750,000
$661 per ft²
Active
Active
 - For Sale
carpenters-square
40,412 ft²
property_type
Multi-family
calendar
Built 1957
537 San Vicente Blvd. is an incredibly rare multifamily asset 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 wraparound 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.
MLS® ID:
22167252
Listed:
6/12/22
Updated:
8/18/22

Exterior/Building Features

Lot Size
0.51 acres lot

Other Property Details

Area Name
C14 - Santa Monica
Garage
No
Parking
Side By Side
Parking Total
33.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
SMR2*

Courtesy of Jonathan Taksa, Remax Commercial and Investment Realty, CA DRE

Based on information from the CRISNet MLS as of 8/18/22, 3:52 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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