HUGE PRICE REDUCTION! 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.
MLS# | 24389477 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1956 |
Days On Site | 189 |
Listing Provided By | Remax Commercial and Investment Realty 213-817-1000 | Jonathan Taksa |
Bed(s) | 34 |
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Bath(s) | 34 |
SQ Feet | 23,098 |
Story(s) | 2 |
Units | 17 |
Building(s) | 1 |
Zoning | SMR2* |
Acreage | 0.57 |
State | CA |
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County | Los Angeles |
City | Santa Monica |
Zip Code | 90402 |
Area | C14 Santa Monica |
Listing VS Median (in 90402) | |
Price: $9,995,000 low | high Med: $825,000 SqFt: 23,098 low | high Med: 808 $ / SqFt: $433 low | high Med: $1,021 On Site: 189 low | high Med: 22.000000 |