Huge price reduction!!!! We are pleased to offer for sale an incredibly rare multifamily asset at 537 San Vicente Blvd. in the heart of LA's famed beach city of Santa Monica. Originally built in 1957, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. There is significant rental upside, and on-site parking for 33 cars (and a wrap around driveway for additional parking), an on-site laundry facility and beautiful sparkling pool. The unit mix includes (19) 1-bed, 1-bath units, and (14) 2-bed, 2-bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. A quick walk to Montana Avenue and the beach, 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.
Property Details
Property Features
Property Information:
Year Built: 1957
Stories: 3
Living Area: 40,412 SqFt
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Jonathan Taksa
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 47
Exterior Features
Parking Information:
Parking: Assigned, Underground
Lot Features
Lot Information:
Lot Size: 0.51 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: East of Ocean Avenue and West of 7th Street
Price Information
Listing Price Info
Price Summary:
List Price: $21,995,000
Price Per SqFt: $544/SqFt
Tax Information:
Annual Amount: $250,426
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $20.0M more than the Median Sold Price and $562/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24419953
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Jonathan Taksa
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 03, 2015
Jun 03, 2015Home Sold
$19,000,000
Mar 10, 2015
Mar 10, 2015Home Sold
$16,135,000
May 24, 2000
May 24, 2000Home Sold
$2,800,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$250,426
$21,098,406
2020
$246,375
$20,879,842
2019
$231,735
$20,470,434
2018
$230,808
$20,069,054
2017
$230,808
$19,675,544
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Canyon Charter Elementary
421 Entrada Dr
Distance between this listing and this school0.17 miles
Public Charter Grades KG-5
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
8
/10
Palisades Charter Elementary
800 Via De La Paz
Distance between this listing and this school1.42 miles
Public Charter Grades KG-5
Nearby Schools
8
/10
Lincoln Middle School
1501 CA Ave
Distance between this listing and this school1.12 miles
Public District Grades 6-8
7
/10
Paul Revere Charter School
1450 Allenford Ave
Distance between this listing and this school1.88 miles
Public Charter Grades 6-8
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school2.42 miles
Public District Grades KG-8
Nearby Schools
8
/10
Palisades Charter High School
15777 Bowdoin St
Distance between this listing and this school1.69 miles
Public Charter Grades 9-12
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school1.93 miles
Public District Grades 9-12
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school2.50 miles
The neighbors living near this home have an average income of $115,625. The majority of Santa Monica, CA residents have income between $100k-200k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 537 San Vicente Blvd
What is the listing price of this property?
The listing price of 537 San Vicente Blvd property is $21,995,000.
What type of property is this?
The property 537 San Vicente Blvd is a house located in Santa Monica, California, 90402.
Is this property for sale now?
Active Listing: 537 San Vicente Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $250,426 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 3, 2015 for $19,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 537 San Vicente Blvd has 47 bedrooms and 47 bathrooms.
What is the square footage of this property?
The property 537 San Vicente Blvd is 40,412 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 537 San Vicente Blvd is 1957.
Interested in 537 San Vicente Blvd? Let's connect.
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This home is located at 537 San Vicente Blvd in Santa Monica, CA and zip code 90402 in the North of Montana neighborhood. This 40,412 square foot home, which was built in 1957, sits on a 0.51 acre lot. Features: 47 bedrooms, 47 bathrooms. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $21,995,000.
In November 2024, from all listings sold in Santa Monica, CA there were more than 12 sold above asking price, over 24 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Santa Monica, CA between October 2024 and November 2024 decreased by 4.4%. The median list price of listings available in November 2024 was $1,898,147, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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