$18,950,000
47 Bed
47 Bath
40,412
0.51 Acre Lot

537 San Vicente Boulevard, Santa Monica, California 90402

  • Residential Income Property Type
  • 40,412 Square Footage
  • Underground Cars Garage
  • 1957 Year Built
Property 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.

Basic Details
Residential Income
For Sale
24419953
$18,950,000
47
47
40,412
1957
0.51 Acre
Active
Features
: Wall Furnace
: Wall/Window Unit(s)
: Underground, Assigned
$0
Address Map
CA
Los Angeles
Santa Monica
90402
San Vicente
537
Boulevard
W119° 29' 27.2''
N34° 1' 53.7''
East of Ocean Avenue and West of 7th Street
C14 - Santa Monica
SMR2*
Additional Information
$0
$0
$0
$0
$0
40412
: One
33
2024-07-25
21995000
1
3
Broker/Agent Information
Remax Commercial and Investment Realty
Jonathan Taksa
Listing Information
CLW-X90025
CLW-X7538301
Active
2025-02-04T22:27:21Z
CRMLS
: Standard
2024-07-25T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069