326 San Vicente Boulevard

Santa Monica, CA 90402

$9,995,000
Price
34
Beds
34
Baths
23,098 Sq. Ft.
$433 / Sq. Ft.
23,098
Sq. Ft.
$433
per Sq. Ft.

Description

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...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.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 326 San Vicente Boulevard

Zoning
SMR2*
Parcel Number
4293003009
Total Units
17.0
Living Area
23098
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
17447
Lot Size Area
24982
LISTING UPDATED: 10/11/2024 07:37 AM

Property Details for 326 San Vicente Boulevard

StatusActive
MLS #24-389477
Days on Market177
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.57 AC / 24,982 SF
CountyLos Angeles County

Building Information for 326 San Vicente Boulevard

Stories2Residences-Year Built1956Building Size-Lot Size0.57 AC / 24,982 SF

Property Information for 326 San Vicente Boulevard

Community / Development
Community / Development
  • Number Of Units: 17
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2s
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $585,476
  • Net Operating Income: $367,347.00
  • Gross Income: $581,556
  • Gross Rent Multiplier: $17.07
  • Total Annual Expense: 200683
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.5735
  • Lot Size Square Feet: 24982
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 17
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-08-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,851.00
  • Unit Actual Rent: $48,463.00
  • Unit Projected Rent: $93,415.00
  • Like Units: 17
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,621,846.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $5,432,770.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $9,054,616.00

Property History for 326 San Vicente Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 326 San Vicente Boulevard

Taxable ValueLand$5,541,425Additions$3,697,282Total$9,238,707
Tax Record2024$110,834 ($9,236 / month)
Home Facts
Total Finished SqFt23,098 SqFtAbove Grade Finished SqFt23,098 SqFtLot Size24,975 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningSMR2*CountyLOS ANGELESAPN4293-003-009

Schools near 326 San Vicente Boulevard

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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326 San Vicente Boulevard is a multi-family home for sale in Santa Monica, CA 90402. This property was listed for sale on May 8, 2024 by Remax Commercial and Investment Realty, it's currently listed at $9,995,000. It has been on the market for a total of 177 days and was last sold on March 14, 2012. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Roosevelt Elementary School, Lincoln Middle School and Santa Monica High School. 326 San Vicente Boulevard is a 34-bed, 34-bath, 23,098 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.