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29307513
29307524

537 San Vicente Blvd, Santa Monica, CA 90402

JT
CA # 01366169
Taksa Investment Group
Listed by Taksa Investment Group
$15,895,000
140 days on market
Updated 28 days ago

33 units on prestigious San Vicente Blvd. (Walk to Beach)

Details
APN 4293-001-018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 40,412
Units 33
Cap Rate 4.70%
Occupancy 94%
Price per SqFt $393
Broker Co-Op Yes
Year Built 1957
Buildings 1
Stories 3
Lot Size (SqFt) 22,151
Parking Spaces 33 spaces
Parking Per SqFt 0.82

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)

Listing Contacts

JT
CA # 01366169
Taksa Investment Group
Listed by Taksa Investment Group

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Additional Information

Name
Jonathan Taksa
License
# 01366169
Brokerage
RE/MAX Commercial
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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