JUST REDUCED AND 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.
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Listing Snapshot
Price
$18,950,000
Days On Site
352 Days
Bedrooms
47
Inside Area (SqFt)
40,412 sqft
Total Baths
47
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.5087 Acres
Year Built
1957
MLS® Number
24419953
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
5 months ago
Price changed to $18,950,000
12 months ago
Listing first seen on site
General Features
Acres
0.5087
Number Of Stories
3
Parking
AssignedUnderground
Parking Spaces
33
Special Circumstances
Standard
SqFt Total
40412
Stories
One
Zoning
SMR2*
Interior Features
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace
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Community Features
MLS Area
C14 - Santa Monica
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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