CA > Santa Monica
Santa Monica, CA 90402,537 San Vicente BLVD
Santa Monica, CA 90402,537 San Vicente BLVD
Santa Monica, CA 90402,537 San Vicente BLVD
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$18,950,000
Est. payment /mo
47 Beds
47 Baths
40,412 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 40,412 sqft

Price per Sqft $468

MLS Listing ID 24419953

Bedrooms 47

HOA Y/N No

Year Built 1957

Lot Size 0.509 Acres

Property Description

JUST REDUCED AND NOW PRICED TO SELL. 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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Assigned, Underground

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

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California Regional MLS (CRMLS)
Listed by Jonathan Taksa • Remax Commercial and Investment Realty
agent-avatar

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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