Skip To Content

537 San Vicente Blvd

Santa Monica, CA 90402
  • $26,750,000
  • STATUS: Active
  • ON SITE: 229 Days
  • MLS #: 22-167252
UPDATED: 53 min ago
$26,750,000
  • 47
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 40,412
    SQFT
  • $662
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Area:

School Ratings & Info

Description

537 San Vicente Blvd. is an incredibly rare multifamily asset 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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-01-29T20:42:51.977. 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.
www.deserthouseseekers.com/homes/129794909
Print Image

537 San Vicente Blvd Santa Monica, CA 90402

  • Price: $26,750,000
  • Status: Active
  • On Site: 229 Days
  • Updated: 53 min ago
  • MLS #: 22-167252
47
Beds
0
Baths
0
½ Baths
0.51
Acres
40,412
SQFT
$662
$/SQFT
1957
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
537 San Vicente Blvd. is an incredibly rare multifamily asset 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.
Exterior Features

Lot Size Area 22151 Other Structures None Parking Garage Subterr Side By Side Total Parking 33

Interior Features

Baths Total 47.00 Cooling Window Unit(S) Equipment None Heating Other

Property Features

Assessed Total Value 21096156 Gross Income 1165452 Gross Operating Income 1171482 Like Units1 19 Like Units2 14 Net Operating Income 605892.00 Number Of Buildings 1 Number Of Units 33 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 530627 Type Of Units 1S2S Year Built Source Assessor Zoning Smr2*

Listing provided courtesy of Jonathan Taksa DRE#01366169 of Remax Commercial And Investment Realty: 213-817-1000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-01-29T20:42:51.977. 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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-167252-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-167252-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-167252-2.jpg
Logo
Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210