621 San Vicente Blvd, SANTA MONICA

$24,500,000

57 Beds
57 Baths
41,077 Sqft
.51 Acre
0 Garage

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.

Essential Information
MLS® #22-183351
Price$24,500,000
Bedrooms57
Bathrooms57.00
Square Footage41,077
Acres0.51
Year Built1960
TypeResidential Income
Sub-TypeApartment Building
StatusActive
Community Information
Address621 San Vicente Blvd
AreaSanta Monica
CitySANTA MONICA
CountyLos Angeles
StateCA
Zip Code90402
Amenities
Parking Spaces29
GaragesAssigned
Has PoolYes
PoolIn Ground
Interior
InteriorStone
HeatingWall
CoolingWall Unit(s)
# of Stories3
Additional Information
Date ListedJuly 27th, 2022
Days on Market67
ZoningSMR2*
Listing Details
AgentJonathan Taksa (01366169)
Office

Remax Commercial and Investment Realty

LISTING MAP

Get directions to this property:

Properties for Sale Similar to 621 San Vicente Blvd, SANTA MONICA, CA

Photo of Listing #22-183329

305 San Vicente Blvd, SANTA MONICA

$28,000,000 - 62 Beds, 60 Baths, 43,738 Sf

MLS® # 22-183329

Photo of Listing #22-167252

537 San Vicente Blvd, SANTA MONICA

$26,750,000 - 47 Beds, 47 Baths, 40,412 Sf

MLS® # 22-167252

The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.