Santa Monica, CA 90402 537 San Vicente Boulevard
$23,295,000
16 more
Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;
Home Details
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.
Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;
Interior Features for 537 San Vicente Boulevard
Bedrooms
Total Bedrooms47
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths47
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories3
General for 537 San Vicente Boulevard
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CitySanta Monica
CoolingWallWindowUnits
CountyLos Angeles
Days on Market47
DirectionsEast of Ocean Avenue and West of 7th Street
Full Baths
Garage Y/NNo
Gross Income1208346.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet22157.0
Lot Size UnitsSquareFeet
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income713476.0
New ConstructionNo
NumberOfUnitsTotal33
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1957
ZoningSMR2*
Exterior for 537 San Vicente Boulevard
Building Area Total40412.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.5087
Lot Size Area22157.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Underground
SpaNo
Total Parking33.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480