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Active
305 San Vicente Blvd Santa Monica, CA 90402
$28,000,000
62 beds
43,738 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

Presenting for sale the generational opportunity to acquire 36 units at 305 San Vicente Blvd. in beautiful Santa Monica. Ideally located in the heart of LA’s vibrant Westside and just blocks from the ocean, 305 San Vicente Blvd. is a hip Mid-Century property built in 1961 by Ukrainian born architect Sam Resibord, who trained under Paul Williams. Consisting of one building with three floors of residential units and an open courtyard design, the building features an incredible unit mix of 18 extra large 1 bedroom units and 18 grand 2 bedroom 2 bath units flooded with natural light. The property has HUGE rental upside (only 10 of the units have been luxuriously renovated), and current rents hover at just $2.50 per square foot. Additionally, there is currently a vacant room that could easily be rented as an efficiency unit for additional income (Buyer to verify). A quick walk to the high-end dining, nightlife, the Santa Monica Stairs and the beach. This ultra rare value add offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles. ALSO AVAILABLE FOR SALE IS 29 UNITS (28/29 TWO BEDROOM UNITS) AT 621 SAN VICENTE BLVD.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1961

Appliances and Equipment

  • Dishwasher
  • Elevator

Bathrooms

  • 60.00 total bathrooms

Bedrooms

  • 62 total bedrooms

House

  • 43,738 sq ft
  • Built in 1961

Cooling

  • Wall/Window

Disclosures

  • As Is

Floors

  • Stone

Garage

  • Assigned

Heating

  • Wall

Listing

  • ListDate: 2022-07-27
  • PricePerSqFt: $640
  • 16 days on market

Location

  • County: Los Angeles
  • ListingArea: Santa Monica

Lot

  • LotAcreage: 0.5121
  • LotSizeArea: 22,308

Parking

  • TotalParking: 36

Pool

  • PoolYN: True
  • In Ground

Property

  • NumberOfUnits: 36
  • Zoning: SMR2*

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