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$21,995,000
Est. payment /mo
47 Beds
47 Baths
40,412 SqFt
UPDATED:
12/04/2024 10:56 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 40,412 sqft
Price per Sqft $544
MLS Listing ID 24419953
Bedrooms 47
HOA Y/N No
Year Built 1957
Lot Size 0.509 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned, Underground
Total Parking Spaces 33
Building
Story 3
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4293001018
Special Listing Condition Standard
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Listed by Jonathan Taksa • Remax Commercial and Investment Realty