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537 San Vicente Boulevard

Santa Monica, CA 90402

$18,950,000

| 40,412 sq. ft.

Status: Active Area: C14 - Santa Monica
Year Built: 1957 MLS#: 24419953

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.

Features

    Heating: Wall Furnace
    Cooling: Wall/Window Unit(s)
    Structure Type: Other Association Amenities: N/A
    Price/sqft: $469
    Parking Spaces: 33
    Total Floors: 3

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

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