Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

33

Building size

40,412 sqft

Lot size

22,157 sqft

Year built

1957

Stories

3

Heating

Electric,Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

212

MLS #

237432874

About this property

PRICED TO SELL. ADDITIONAL $500,000 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

537 San Vicente Boulevard

Santa Monica, Los Angeles, CA, 90402