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ActivePrice Reduced 112 days on market

537 San Vicente Boulevard

Santa Monica, CA 90402

$15,895,000

$16,995,000

537 San Vicente Boulevard
537 San Vicente Boulevard photo 2
537 San Vicente Boulevard photo 3
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537 San Vicente Boulevard photo 5
+20 more
47Beds
0Baths
40,412Sq Ft
0.51Acres
1957Built

About This Home

NOW PRICED TO SELL WITH NEW $600,000 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

Property TypeResidentialIncome
Year Built1957
Living Area40,412 sq ft
Lot Size0.51 acres
Bedrooms47
Bathrooms0 full
Parking Total33
HeatingElectric,WallFurnace
CoolingWallWindowUnits
PoolNo
MLS #1151324739
Days on Market112 days

Location

Listed by

Jonathan Taksa

Remax Commercial and Investment Realty

MLS# CLW-X90025

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Based on information from CRMLS. All data is deemed reliable but not guaranteed. Listings marked with the CRMLS icon are provided courtesy of the California Regional MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.