537 San Vicente Blvd
Property Description
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.Broker Details
RE/MAX Commercial & Investment (310) 802-2500
MLS ID: X90025 State License Number: 01366169
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $15,395,000 |
| No. of Units: | 33 |
| Year Built: | 1957 |
| Lot Size: | 40,412.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $466,515 |
| Property Website | Click Here |
| Number of Bedrooms: | 47 |
| Number of Bathrooms: | 47 |
ID: 3yd-CLAWCA-26640487
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