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$28,000,000
305 San Vicente Blvd, Santa Monica, CA 90402
0 Beds
0 Baths
n/a 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
  • 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
  • Listing Status:
  • Active
  • Listing Type:
  • MultiFamily
  • Flooring:
  • Tile - Stone, Tile Or Stone
  • Stories:
  • 3.0
  • Year Built:
  • 1961
  • Conforms To Zoning:
  • Smr2*
  • Parking Description:
  • Assigned
  • Parking Spaces:
  • 36
  • Cooling System:
  • Window Unit(s) A/C
30-year Conforming

6.725%

0.214%

30-year FHA

6.42%

0.194%

30-year VA

6.311%

0.121%

Last updated: 9/26/2022
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*OPTIMAL BLUE MORTGAGE MARKET INDICES - Calculated from actual locked rates with consumers across more than one-third of all mortgage transactions closed nationwide, OBMMI provides multiple mortgage pricing indices developed around the most popular mortgage products and specific borrower attributes and provides configurable trending of rates over time.

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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

  • Copyright © 2022 Combined LA Westside Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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