537 San Vicente Boulevard
$23,295,000
47
47
40,412
40,412
$576
Description
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...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.
- Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 537 San Vicente Boulevard
Zoning
SMR2*
Parcel Number4293001018
Total Units33.0
Living Area40412
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate36250
Lot Size Area22157
LISTING UPDATED: 10/11/2024 07:36 AM
Property Details for 537 San Vicente Boulevard
Status | Active |
---|---|
MLS # | 24-419953 |
Days on Market | 132 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.51 AC / 22,157 SF |
County | Los Angeles County |
Building Information for 537 San Vicente Boulevard
Stories3Residences-Year Built1957Building Size-Lot Size0.51 AC / 22,157 SF
Property Information for 537 San Vicente Boulevard
Property History for 537 San Vicente Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 537 San Vicente Boulevard
Taxable ValueLand$15,906,842Additions$6,493,764Total$22,400,606
Tax Record2024$263,840 ($21,987 / month)
Home Facts
Total Finished SqFt40,412 SqFtAbove Grade Finished SqFt40,412 SqFtLot Size22,151 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningSMR2*CountyLOS ANGELESAPN4293-001-018
Schools near 537 San Vicente Boulevard
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Roosevelt Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Santa Monica Alternative (K-8) School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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