621 San Vicente Blvd

Santa Monica, CA, 90402

$24,500,000

$596 per ft²
$24,500,000
$596 per ft²
Active
Active
 - For Sale
beds
57 Beds
baths
57 Baths
carpenters-square
41,077 ft²
property_type
Multi-family
calendar
Built 1960
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.
MLS® ID:
22-183351
Listed:
7/26/22
Updated:
10/5/22

Interior Features

Total Bedrooms
57
Total Bathrooms
57
Floor Description
Stone
Cooling
Wall Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
0.51 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Assigned
Parking Total
29.0
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 Cindy Ambuehl 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 10/5/22

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