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For SaleLuxury

$15,395,000

40,412 sqft$381/sqft292 days on market

537 San Vicente Boulevard

Santa Monica, CA 90402

· 8% down, 7% APR, 30yr fixed

47

Beds

47

Baths

40,412

Square feet

1957

Built

Listing narrative

Description

PRICED TO SELL. ADDITIONAL $500,000 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 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.

Listing agent (MLS): Jonathan Taksa · Listing brokerage (MLS): Remax Commercial and Investment Realty

Property Details

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Price

$15,395,000

Beds

47 bd

Type

House

Home Size

40,412 sqft

Baths

47

Lot Size

0.51 acres

Year

1957

Status

For Sale

Days on Market

292

$ / Sqft

$381

· 8% down, 7% APR, 30yr fixed
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Courtesy of Remax Commercial and Investment Realty