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$ 15,895,000
Est. payment | /mo
47 Beds
47 Baths
40,412 SqFt
$ 15,895,000
Est. payment | /mo
47 Beds
47 Baths
40,412 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 40,412 sqft
Price per Sqft $393
MLS Listing ID 26640487
Bedrooms 47
HOA Y/N No
Year Built 1957
Lot Size 0.509 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Electric, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Parking Features Assigned, Gated
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
Listed by Jonathan Taksa Remax Commercial and Investment Realty #01366169
NEARBY SCHOOL & BUSINESS