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$9,995,000

Beds
34
sq ft
23,098

326 San Vicente Blvd, Santa Monica, CA 90402

326 San Vicente Blvd

Santa Monica, CA 90402

  • 198 days on market
    • Price drop $755,000↓
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.

Details

Property type

Lot size

0.5735 acres

Price per sq ft

$433

Year built

1956

HOA

No

Price History

07/17/2024
CLAW

CLAW #24389477

Price change
$9,995,000
-7.02%
05/08/2024
CLAW

CLAW #24389477

Listed
$10,750,000
-2.23%
04/02/2024
CLAW

CLAW #23263617

Removed
$10,995,000

Schools & Community

Neighborhood: 

North of Montana

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pacific Premier Bank

Loan start date

January 2021

Original loan amount

$3,825,000

Est. remaining balance

Not provided

Interest rate

2.79%

Loan type

Commercial

Seller

326 San Vicente Bivd Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/21/2024 at 11:15 PM

Listing updated: 10/11/2024 at 7:51 AM

Listed by: Jonathan Taksa, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24389477

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