$17,500,000
$6M PRICE DROP

Estimated payment $112,852/month

Total Views 25,310
47 Beds
47 Baths
40,412 Sq Ft
$433 Price per Sq Ft

About This Home

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.

Listing Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 07/25/2024

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.51 Acre Lot

Parking

  • 33 Parking Spaces

Interior Spaces

  • 40,412 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 47 Bedrooms
  • 47 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 33 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4293-001-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 40412
  • Lot Acreage: 0.5087
  • Stories: 3
  • Year Built: 1957
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 47
  • Total Bathrooms: 47.00
  • Price Per S Q F T: 433.04

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Subterranean
  • Total Parking: 33

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 28.95
  • Assessed Improvement Value: 6353495
  • Assessed Land Percent: 71.05
  • Assessed Land Value: 15594944
  • Total Assessed Value: 21948439
  • Assessor Parcel Number: 4293-001-018
  • Lot Size Area: 22157

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.26
  • Number Of Units: 33
  • Rent Control: 100
  • Total Annual Expense: 374501
  • Type Of Units: 1s,2s
  • Vacancy Rate: 1 unit

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $3,195 -23.8% $4 / Sq Ft
08/06/2025 08/06/25 Price Changed $4,195 -4.6% $5 / Sq Ft
07/31/2025 07/31/25 Price Changed $4,395 0.0% $5 / Sq Ft
07/28/2025 07/28/25 Price Changed $17,500,000 0.0% $433 / Sq Ft
06/10/2025 06/10/25 Price Changed $4,195 +40.1% $5 / Sq Ft
04/26/2025 04/26/25 Price Changed $2,995 -31.9% $4 / Sq Ft
04/10/2025 04/10/25 Price Changed $4,395 +44.3% $5 / Sq Ft
03/27/2025 03/27/25 Price Changed $3,045 0.0% $4 / Sq Ft
02/04/2025 02/04/25 Price Changed $18,950,000 0.0% $469 / Sq Ft
01/18/2025 01/18/25 Price Changed $3,095 0.0% $4 / Sq Ft
12/04/2024 12/04/24 Price Changed $21,995,000 0.0% $544 / Sq Ft
10/18/2024 10/18/24 For Rent $2,995 0.0% --
07/25/2024 07/25/24 For Sale $23,295,000 0.0% $576 / Sq Ft
08/08/2023 08/08/23 For Rent $2,995 0.0% --
06/22/2023 06/22/23 For Rent $2,995 0.0% --
06/21/2023 06/21/23 For Rent $2,995 0.0% --
05/19/2023 05/19/23 Price Changed $2,995 -3.2% $4 / Sq Ft
03/27/2023 03/27/23 Price Changed $3,095 -7.5% $4 / Sq Ft
03/07/2023 03/07/23 Price Changed $3,345 0.0% $4 / Sq Ft
03/07/2023 03/07/23 For Rent $3,345 -2.9% --
10/20/2022 10/20/22 Price Changed $3,445 -4.2% $4 / Sq Ft
07/15/2022 07/15/22 For Rent $3,595 -- --
Source: The MLS

Source: The MLS

MLS Number: 24-419953

The MLS