326 SAN VICENTE BLVD
SANTA MONICA, CA 90402

$10,750,000

34 Beds

34 Baths

23,098 Sq Ft

Status Active

MLS# 24-389477

326 San Vicente Blvd. is a prestigious investment opportunity located in the heart of LA's famed beach city of Santa Monica. Originally built in 1956, the building boasts an incredibly rare unit mix consisting of all extremely large 2-bedroom 2 bath units. Each of these units are extremely spacious and have a terrific floor plan. The property is situated on a massive half acre corner lot; thus, all units offer an abundance of natural light. There is HUGE rental upside, as current rents hover around $2.08/SF. Additionally, there is parking for all units as well as an on-site laundry facility. All units look out to a serene and beautifully landscaped courtyard, and residents enjoy being walking distance to Montana Avenue and the beach. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. 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.

Details for 326 SAN VICENTE BLVD

Built in 1956

$465 / Sq Ft

17 parking spaces

Wall Unit(s)

Wall

12 Days on website

0.5735 acres lot

Interior

Bathrooms Total

Bedrooms Total

Living Area

23,098 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1956

Exterior And Lot

Lot Size Acres

0.5735

Lot Size Square Feet

24982

Parking Features

Assigned

Parking Total

Zoning

SMR2*

Utilities

Cooling

Wall Unit(s)

Heating

Wall

Area And Schools

City

Santa Monica

County Or Parish

Los Angeles

Additional Info

GrossOperatingIncome

579296

GrossRentMultiplier

18.56

PricePerSqFt

465.41

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Agent

Jonathan Taksa, 310-968-5303

Listing Office

Remax Commercial and Investment Realty, 213-817-1000

Updated

7:56pm UTC- 5/20/2024

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