Listed by Jonathan Taksa, Remax Commercial and Investment Realty,

621 San Vicente Boulevard

Santa Monica, CA, 90402

$24,500,000

$596 per ft²
$24,500,000
$596 per ft²
Active
Active
 - For Sale
carpenters-square
41,077 ft²
property_type
Multi-family
calendar
Built 1960
Presenting for sale the generational opportunity to acquire 29 units at 621 San Vicente Blvd. in beautiful Santa Monica. Ideally located in the heart of LA's vibrant Westside and just blocks from the ocean, 621 San Vicente Blvd. is a Mid-Century property built in 1960 by famed architect Kenneth Lind and consists of one building with three floors of residential units over 1 level of subterranean parking. The building features an incredible unit mix, with 28 out of the 29 units being extra large 2 bedroom 2 bath floor plans flooded with natural light. First floor units enjoy a massive front patio, while 2nd and 3rd floor units have great views. The property has HUGE rental upside (only 6 of the units have been luxuriously renovated), and current rents hover at just $2.00 per square foot. Additionally, there is currently a vacant storage room that could be rented 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 AN INCREDIBLE 36 UNIT PROPERTY AT 305 SAN VICENTE BLVD.
MLS® ID:
22183351
Listed:
7/26/22
Updated:
9/24/22

Interior Features

Kitchen Appliances
Microwave
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Stone
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
29.0
View
N
County
Los Angeles
Pool
No
Pool Description
In Ground
Total Stories
3
Zoning
SMR2*

 

Listed by Jonathan Taksa, Remax Commercial and Investment Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/24/22. 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.  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, 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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Data last updated 4:26 PM UTC, 9/24/22

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