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305 San Vicente Boulevard

Santa Monica, CA 90402
  • $28,000,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 22183329
UPDATED: 41 min ago
$28,000,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Jonathan Taksa of Remax Commercial And Investment Realty (213-817-1000)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T13:35:30.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/131314307
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305 San Vicente Boulevard Santa Monica, CA 90402

  • Price: $28,000,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 41 min ago
  • ID#: 22183329
0
Beds
0
Baths
0
½ Baths
0.51
Acres
1961
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
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.
Exterior Features

Parking Features Assigned Parking Total 36 Pool Features In Ground

Interior Features

Appliances Dishwasher Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Stone Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Income 1215738 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 765371 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Smr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T13:35:30.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Jonathan Taksa of Remax Commercial And Investment Realty (213-817-1000)