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537 San Vicente Blvd, Santa Monica, CA 90402

List Price: $17,500,000On Market FlagOn market
Jul 25, 202440,412 sqft47 beds47 baths
Listed by: Jonathan Taksa
License #: 01366169
Phone #: 424-672-8220
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 24419953

Property Description

INCREDIBLE NEW PRICING - NOW PRICED TO SELL. We are 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 wrap around 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.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$241,926

TurboHome Estimated Value

$16,814,200

$416 sqft

High Valuation
$17,654,910
$437/sqft
Normal Valuation
$16,814,200
$416/sqft
Low Valuation
$15,973,490
$395/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$416/sqft$16,814,200

Location

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