537 San Vicente Blvd | Santa Monica, CA 90402
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- LoopNet Team
537 San Vicente Blvd
Santa Monica, CA 90402
Chanteclair · Multifamily Property For Sale
·
33 Units
INVESTMENT HIGHLIGHTS
- HUGE PRICE REDUCTION
- Significant rental upside
- Walk to Montana Avenue and the beach
- Excellent unit mix
- Approx. $1,317,000 spent on apartment renovations and approx. $555,000 spent on common area renovations
PROPERTY FACTS
| No. Units | 33 | Building Size | 40,412 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | R3, Santa Monica - Multiple Residential | ||
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 40,412 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1957 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | R3, Santa Monica - Multiple Residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 19 | $2,509 | 750 |
| 2+2 | 14 | $3,097 | 1,300 |
PROPERTY TAXES
| Parcel Number | 4293-001-018 | Improvements Assessment | $6,610,175 |
| Land Assessment | $16,224,978 | Total Assessment | $22,835,153 |
PROPERTY TAXES
Parcel Number
4293-001-018
Land Assessment
$16,224,978
Improvements Assessment
$6,610,175
Total Assessment
$22,835,153
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