305 San Vicente Blvd, SANTA MONICA

$28,000,000

62 Beds
60 Baths
43,738 Sqft
.51 Acre
0 Garage

Presenting for sale the generational opportunity to acquire 36 units at 305 San Vicente Blvd. in beautiful Santa Monica. Ideally located in the heart of LA's vibrant Westside and just blocks from the ocean, 305 San Vicente Blvd. is a "hip" Mid-Century property built in 1961 by Ukrainian born architect Sam Resibord, who trained under Paul Williams. Consisting of one building with three floors of residential units and an open courtyard design, the building features an incredible unit mix of 18 extra large 1 bedroom units and 18 grand 2 bedroom 2 bath units flooded with natural light. The property has HUGE rental upside (only 10 of the units have been luxuriously renovated), and current rents hover at just $2.50 per square foot. Additionally, there is currently a vacant room that could easily be rented as an efficiency unit 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 29 UNITS (28/29 TWO BEDROOM UNITS) AT 621 SAN VICENTE BLVD.

Essential Information
MLS® #22-183329
Price$28,000,000
Bedrooms62
Bathrooms60.00
Square Footage43,738
Acres0.51
Year Built1961
TypeResidential Income
Sub-TypeApartment Building
StatusActive
Community Information
Address305 San Vicente Blvd
AreaSanta Monica
CitySANTA MONICA
CountyLos Angeles
StateCA
Zip Code90402
Amenities
Parking Spaces36
GaragesAssigned
Has PoolYes
PoolIn Ground
Interior
InteriorStone
HeatingWall
CoolingWall/Window
# of Stories3
Additional Information
Date ListedJuly 27th, 2022
Days on Market67
ZoningSMR2*
Listing Details
AgentJonathan Taksa (01366169)
Office

Remax Commercial and Investment Realty

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