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$28,000,000
305 San Vicente Blvd, Santa Monica, CA 90402
62 Beds
60 Baths
43,738 SqFt

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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.
  • Price:
  • $28,000,000
  • Bedrooms:
  • 62
  • Square Footage:
  • 43,738
  • Acreage:
  • 0.51
  • Year Built:
  • 1961
  • Listing ID #:
  • 22-183329
  • Street Address:
  • 305 San Vicente Blvd
  • City:
  • Santa Monica
  • State:
  • California
  • Postal Code:
  • 90402
  • County:
  • Los Angeles
  • Community:
  • Santa Monica
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Flooring:
  • Stone
  • Number Of Units:
  • 36
  • Stories:
  • 3
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 43738
  • Year Built:
  • 1961
  • Gross Income:
  • 1215738
  • Net Operating Income:
  • 765371.00
  • Conforms To Zoning:
  • Smr2*
  • Lot Square Footage:
  • 22308
  • Days On Market:
  • 60
  • Property Disclosures:
  • As Is
  • Price Per Square Foot:
  • 640.18
  • Parking Description:
  • Assigned
  • Parking Spaces:
  • 36
  • Pool:
  • Yes
  • Pool Description:
  • In Ground
  • Cooling System:
  • Wall/Window
  • Equipment:
  • Dishwasher, Elevator
  • Heating:
  • Wall
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By of
  • CACLAW

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