537 San Vicente Boulevard
Santa Monica, CA 90402
40412 sqft | 47 beds | 0.51 acres | #24419953
Description
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$23,295,000
- MLS #24419953
- Cost18950000
- MLS #24419953
- Acres0.5087
- Square Feet40412
- Year Built1957
- Bedrooms47
- Stories3
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Jonathan Taksa (#CLW-X90025)
Listing Office: Remax Commercial and Investment Realty (#CLW-X7538301)
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