537 San Vicente Blvd, SANTA MONICA

$26,750,000

47 Beds
47 Baths
40,412 Sqft
.51 Acre
0 Garage

537 San Vicente Blvd. is an incredibly rare multifamily asset 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 wraparound 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.

Essential Information
MLS® #22-167252
Price$26,750,000
Bedrooms47
Bathrooms47.00
Square Footage40,412
Acres0.51
Year Built1957
TypeResidential Income
Sub-TypeApartment Building
StatusActive
Community Information
Address537 San Vicente Blvd
AreaSanta Monica
CitySANTA MONICA
CountyLos Angeles
StateCA
Zip Code90402
Amenities
Parking Spaces33
GaragesSubterr Side by Side
Interior
HeatingOther
CoolingWindow Unit(s)
# of Stories3
Additional Information
Date ListedJune 13th, 2022
Days on Market111
ZoningSMR2*
Listing Details
AgentJonathan Taksa (01366169)
Office

Remax Commercial and Investment Realty

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