Active

537 San Vicente Boulevard

Santa Monica CA, 90402

$21,995,000


$544.27 per sqft

Active

47 Beds

47 Baths

40,412 sqft

Residential

Built in 1957

Huge 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 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.

24419953

MLS ID

July 25, 2024

Listed

December 4, 2024

Updated

Map

537 San Vicente Boulevard
Santa Monica CA, 90402

Interior Features

Total Stories

1


Bedrooms

47


Total Bathrooms

47


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.51 Acres

Other Property Details

Area Name

C14 - Santa Monica


Days on Market

132


Garage

No


Parking

Assigned, Underground


Parking Total

33


View

No


County

Los Angeles


Pool

No


Zoning

SMR2*

Listing History

Date

Event

Price

12/4/2024

Price change

$21,995,000

-6%

Listed by Jonathan Taksa, Remax Commercial and Investment Realty, CA DRE 01366169

Listing Contact: 424-672-8220 

Based on information from the CRISNet MLS as of 12/4/2024, 11:52 PM UTC. 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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