621 San Vicente Blvd, Santa Monica, CA 90402

$24,500,000
57
BD
57
BA
41,077
SqFt
List Price
$24,500,000
MLS#
22-183351
Year Built
1960
Bedrooms
57
Bathrooms
57
Living Sq. Ft
41,077
Lot Size
22,354
Days on Market
20
Property Type
Multifamily
Stories
3

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.

Additional Information

Other Buildings
None
Pool
Yes
Pool Description
In Ground
Heat
Wall
Cooling
Wall Unit(s)
Number of Cars in Garage
Assigned

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of , Jonathan Taksa - CA DRE#

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