537 SAN VICENTE BLVD

SANTA MONICA, CA, 90402

$26,750,000

$661 per ft²
$26,750,000
$661 per ft²
Active
Active
 - For Sale
beds
47 Beds
baths
47 Baths
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:
22-167252
Listed:
6/12/22
Updated:
10/5/22

Interior Features

Total Bedrooms
47
Total Bathrooms
47
Cooling
Window Unit(s)
Heating
Other

Exterior/Building Features

Lot Size
0.51 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Subterr 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

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Mary Lu Tuthill shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/5/22

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