305 San Vicente Blvd

Santa Monica, CA, 90402

$28,000,000

$640 per ft²
$28,000,000
$640 per ft²
Active
Active
 - For Sale
beds
62 Beds
baths
60 Baths
carpenters-square
43,738 ft²
property_type
Multi-family
calendar
Built 1961
Presenting for sale the generational opportunity to acquire 36 units at 305 San Vicente Blvd. in beautiful Santa Monica. Ideally located in the heart of LA's vibrant Westside and just blocks from the ocean, 305 San Vicente Blvd. is a "hip" Mid-Century property built in 1961 by Ukrainian born architect Sam Resibord, who trained under Paul Williams. Consisting of one building with three floors of residential units and an open courtyard design, the building features an incredible unit mix of 18 extra large 1 bedroom units and 18 grand 2 bedroom 2 bath units flooded with natural light. The property has HUGE rental upside (only 10 of the units have been luxuriously renovated), and current rents hover at just $2.50 per square foot. Additionally, there is currently a vacant room that could easily be rented as an efficiency unit 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 29 UNITS (28/29 TWO BEDROOM UNITS) AT 621 SAN VICENTE BLVD.
MLS® ID:
22-183329
Listed:
7/26/22
Updated:
9/28/22
Coldwell Banker Global Luxury
Brian Merrick

Interior Features

Total Bedrooms
62
Total Bathrooms
60
Floor Description
Stone
Cooling
Wall/Window
Heating
Wall

Exterior/Building Features

Lot Size
0.51 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Assigned
Parking Total
36.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
In Ground
Total Stories
3
Zoning
SMR2*

 

Courtesy of Jonathan Taksa, Remax Commercial and Investment Realty

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Brian Merrick shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/28/22

Coldwell Banker Global Luxury
Brian Merrick
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