537 San Vicente Boulevard
Santa Monica, CA 90402
Active for $23,295,000
Beds: 47 Baths: 47 Structure Size: 40,412 sqft Lot Size: 22,157 sqft
| MLS | 24419953 |
| Year Built | 1957 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $23,295,000 |
| Structure Size | 40,412 sqft |
| Lot Size | 22,157 sqft |
| Beds | 47 |
| Baths | 47 |
Description
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.
Listing information courtesy of: Jonathan Taksa, Remax Commercial and Investment Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/16/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Zepeur Der Hovanessian
Broker Associate
Direct: 818.807.9372
Email: Email Me
DRE: 00781827
DRE #01873088
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