$21,995,000
47 Bed
47 Bath
40,412 Sqft
22,157 Sqft Lot

537 San Vicente Boulevard, Santa Monica, California 90402

  • Residential Income Property Type
  • 40,412 Sqft Square Footage
  • 33 Cars Garage
  • 1957 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
24419953
$21,995,000
47
47
0
40,412 Sqft
1957
22,157 Sqft
Active
Features
: Wall Furnace
: Wall/window Unit(s)
: 33
: Assigned, Underground
$0
Address Map
California
Los Angeles
Santa Monica
90402
537 San Vicente Boulevard
0
W119° 29' 27.2''
N34° 1' 53.7''
East of Ocean Avenue and West of 7th Street
Additional Information
$0
40,412 Sqft
$0
132
$0
1
1
1
$0
4293001018
: Standard
3
$0
SMR2*
Broker/Agent Information
Remax Commercial and Investment Realty
CLW-X7538301
Jonathan Taksa
CLW-X90025
jon@taksainvestment.com
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069