537 San Vicente Boulevard, Santa Monica, CA

$17,500,000

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40,412

Square feet

0.51

Acres

About 537 San Vicente Boulevard

INCREDIBLE NEW PRICING - NOW PRICED TO SELL. 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 of 537 San Vicente Boulevard

MLS® # 24419953
Price $17,500,000
Bathrooms 0.00
Square Footage 40,412
Acres 0.51
Year Built 1957
Type Residential Income
Status Active

Community Information

Address 537 San Vicente Boulevard
Area C14 - Santa Monica
City Santa Monica
County Los Angeles
State CA
Zip Code 90402

Listing Map

Amenities

Parking Spaces 33
Parking Assigned, Underground
Garages Assigned, Underground
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling Wall/Window Unit(s)
Has Basement No
Fireplace No
# of Stories 3
Stories One

Additional Information

Date Listed July 25th, 2024
Days on Market 369
Zoning SMR2*
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJonathan Taksa
OfficeRemax Commercial and Investment Realty

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