
33 units on prestigious San Vicente Blvd. (Walk to Beach)
Multifamily | 33 Units | $481,667/unit
Marketing description
NOW PRICED TO SELL WITH NEW $600,000 PRICE REDUCTION! Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is 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 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.
Investment highlights
NOW PRICED TO SELL WITH NEW $600,000 PRICE REDUCTION
Premier Santa Monica location
Excellent unit mix
Significant rental upside
Many upgraded Units
Separately metered for gas and electricity
Walk to Montana Avenue and Santa Monica beach
Approx. $1,677,800 spent on apartment renovations / approx. $628,300 spent on common area renovations
Controlled access
Frameless lobby glass entry
Sparkling pool
16 camera video system
Charming landscaping
On site laundry facility
Ample gated subterranean parking
Dynamite floorplans
Large kitchens
Balconies (all units)
Dishwasher
Stainless steel appliances
Large closets
Grey vinyl or maple laminate flooring (select units)
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