$15,395,000
537 San Vicente Boulevard
Santa Monica, CA 90402
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.
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
Courtesy of Remax Commercial and Investment Realty






