537 San Vicente Boulevard, Santa Monica, CA 90402
List Price: $15.89M
Listing Status: Active
Original List Price: $17M
0Days on Market: 168
47 Bedrooms · 47 Bathrooms · 40,412 sq ft
Property Type: ResidentialIncome
Year Built: 1957
Lot Size: 22,157 sq ft
MLS Number: 26640487
About This Property
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.
Listing provided by: Jonathan Taksa DRE #01366169 213-817-1000 jon@taksainvestment.com, Remax Commercial and Investment Realty
Source: CRMLS, MLS #: 26640487
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.