305 San Vicente Boulevard

Santa Monica, CA, 90402

$28,000,000

$640 per ft²
$28,000,000
$640 per ft²
Active
Active
 - For Sale
carpenters-square
43,738 ft²
property_type
Multi-family
calendar
Built 1961
Presenting for sale the generational opportunity to acquire 36 units at 305 San Vicente Blvd. in beautiful Santa Monica. Ideally located in the heart of LA's vibrant Westside and just blocks from the ocean, 305 San Vicente Blvd. is a "hip" Mid-Century property built in 1961 by Ukrainian born architect Sam Resibord, who trained under Paul Williams. Consisting of one building with three floors of residential units and an open courtyard design, the building features an incredible unit mix of 18 extra large 1 bedroom units and 18 grand 2 bedroom 2 bath units flooded with natural light. The property has HUGE rental upside (only 10 of the units have been luxuriously renovated), and current rents hover at just $2.50 per square foot. Additionally, there is currently a vacant room that could easily be rented as an efficiency unit for additional income (Buyer to verify). A quick walk to the high-end dining, nightlife, the Santa Monica Stairs and the beach. This ultra rare value add offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles. ALSO AVAILABLE FOR SALE IS 29 UNITS (28/29 TWO BEDROOM UNITS) AT 621 SAN VICENTE BLVD.
MLS® ID:
22183329
Listed:
7/26/22
Updated:
8/18/22

Interior Features

Kitchen Appliances
Dishwasher
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Stone
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.51 acres lot

Other Property Details

Area Name
C14 - Santa Monica
Garage
No
Parking
Assigned
Parking Total
36.0
View
N
County
Los Angeles
Pool
No
Pool Description
In Ground
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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