Active
537 San Vicente Boulevard
Santa Monica CA, 90402
$21,995,000
$544.27 per sqft
Active
47 Beds
47 Baths
40,412 sqft
Residential
Built in 1957
Listed by Jonathan Taksa with Remax Commercial and Investment Realty 424-672-8220
Huge price reduction!!!! 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.
24419953
MLSⓇ ID
July 25, 2024
Listed
December 5, 2024
Updated
Map
537 San Vicente Boulevard
Santa Monica CA, 90402
Interior Features
Total Stories
1
Bedrooms
47
Total Bathrooms
47
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.51 Acres
Other Property Details
Area Name
C14 - Santa Monica
Days on Market
132
Garage
No
Parking
Assigned, Underground
Parking Total
33
View
No
County
Los Angeles
Pool
No
Zoning
SMR2*
Listing History
Date | Event | Price |
|---|---|---|
12/4/2024 | Price change | $21,995,000 -6% |
Listing Contact: 213-817-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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, 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 12:18 AM UTC