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$24,500,000
621 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 29 units at 621 San Vicente Blvd. in beautiful Santa Monica. Ideally located in the heart of LA's vibrant Westside and just blocks from the ocean, 621 San Vicente Blvd. is a Mid-Century property built in 1960 by famed architect Kenneth Lind and consists of one building with three floors of residential units over 1 level of subterranean parking. The building features an incredible unit mix, with 28 out of the 29 units being extra large 2 bedroom 2 bath floor plans flooded with natural light. First floor units enjoy a massive front patio, while 2nd and 3rd floor units have great views. The property has HUGE rental upside (only 6 of the units have been luxuriously renovated), and current rents hover at just $2.00 per square foot. Additionally, there is currently a vacant storage room that could be rented 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 AN INCREDIBLE 36 UNIT PROPERTY AT 305 SAN VICENTE BLVD.
  • Price:
  • $24,500,000
  • Acreage:
  • 0.51
  • Year Built:
  • 1960
  • Listing ID #:
  • 22-183351
  • Street Address:
  • 621 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:
  • 1960
  • Conforms To Zoning:
  • Smr2*
  • Parking Description:
  • Assigned
  • Parking Spaces:
  • 29
  • Cooling System:
  • Wall 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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