537 San Vicente Boulevard Santa Monica, CA 90402

Cluster Residence

47 Beds

47 Baths

... Bed/Bath

40,412 Sq. Ft.

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Last updated on 9/30/2024 9:58 PM

Listing 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. Continue reading

MLS#

24419953

Property Type

Cluster

Bedrooms

Bathrooms

Year Built

1957

Square Feet

40,412 sq. ft

Lot Size

0.51