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621 San Vicente Blvd Santa Monica, CA 90402
$24,500,000
57 beds
41,077 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 29 units at 621 San Vicente Blvd. in beautiful Santa Monica. Ideally located in the heart of LA’s vibrant Westside and just blocks from the ocean, 621 San Vicente Blvd. is a Mid-Century property built in 1960 by famed architect Kenneth Lind and consists of one building with three floors of residential units over 1 level of subterranean parking. The building features an incredible unit mix, with 28 out of the 29 units being extra large 2 bedroom 2 bath floor plans flooded with natural light. First floor units enjoy a massive front patio, while 2nd and 3rd floor units have great views. The property has HUGE rental upside (only 6 of the units have been luxuriously renovated), and current rents hover at just $2.00 per square foot. Additionally, there is currently a vacant storage room that could be rented 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 AN INCREDIBLE 36 UNIT PROPERTY AT 305 SAN VICENTE BLVD.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1960

Appliances and Equipment

  • Microwave
  • Elevator

Bathrooms

  • 57.00 total bathrooms

Bedrooms

  • 57 total bedrooms

House

  • 41,077 sq ft
  • Built in 1960

Cooling

  • Wall Unit(s)

Disclosures

  • As Is

Floors

  • Stone

Garage

  • Assigned

Heating

  • Wall

Listing

  • ListDate: 2022-07-27
  • PricePerSqFt: $596
  • 16 days on market

Location

  • County: Los Angeles
  • ListingArea: Santa Monica

Lot

  • LotAcreage: 0.5132
  • LotSizeArea: 22,354

Parking

  • TotalParking: 29

Pool

  • PoolYN: True
  • In Ground

Property

  • NumberOfUnits: 29
  • Zoning: SMR2*

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