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537 San Vicente Blvd Santa Monica, CA 90402
$26,750,000
47 beds
40,412 sq ft

Courtesy of Remax Commercial and Investment Realty 213-817-1000

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Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

537 San Vicente Blvd. is an incredibly rare multifamily asset 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.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1957

Appliances and Equipment

  • None

Bathrooms

  • 47.00 total bathrooms

Bedrooms

  • 47 total bedrooms

House

  • 40,412 sq ft
  • Built in 1957

Cooling

  • Window Unit(s)

Disclosures

  • As Is

Garage

  • Subterr Side by Side

Listing

  • ListDate: 2022-06-13
  • PricePerSqFt: $662
  • 60 days on market

Location

  • County: Los Angeles
  • ListingArea: Santa Monica

Lot

  • LotAcreage: 0.5085
  • LotSizeArea: 22,151

Parking

  • TotalParking: 33

Property

  • NumberOfUnits: 33
  • Zoning: SMR2*

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