Apartment Building with
For Sale
$15,395,000
537 San Vicente Blvd, Santa Monica, CA 90402
Residential Income, Santa Monica, CA
Property Size40,412 SF
Lot Size0.51 Acres
Price / SF$380.95
Days on Market272
Property Features for 537 San Vicente Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SMR2*
Bedrooms
47
Bathrooms
47
Full bathrooms
3
Rooms
Bathroom 26, Bedroom 1, Bedroom 17, Bedroom 34, Bathroom 31, Bedroom 27, Bathroom 19, Bathroom 21, Bathroom 43, Bathroom 13, Bedroom 41, Bathroom 45, Bathroom 15, Bedroom 33, Bathroom 37, Bedroom 26, Bedroom 29, Bedroom 37, Bedroom 2, Bathroom 18, Bedroom 7, Bedroom 18, Bedroom 20, Bedroom 32, Bathroom 38, Bedroom 8, Bedroom 25, Bathroom 4, Bathroom 24, Bathroom 8, Bedroom 19, Bedroom 5, Bedroom 9, Bathroom 42, Bathroom 12, Bedroom 31, Bathroom 33, Bathroom 46, Bedroom 3, Bedroom 22, Bedroom 23, Bedroom 11, Bedroom 39, Bathroom 2, Bathroom 34, Bedroom 30, Bathroom 9, Bathroom 23, Bathroom 39, Bathroom 44, Bathroom 47, Bathroom 3, Bathroom 5, Bathroom 16, Bedroom 12, Bedroom 45, Bedroom 38, Bedroom 46, Bathroom 22, Bathroom 28, Bedroom 21, Bathroom 1, Bathroom 30, Bedroom 36, Bedroom 4, Bathroom 40, Bedroom 16, Bedroom 28, Bedroom 24, Bathroom 7, Bathroom 25, Bathroom 36, Bathroom 20, Bedroom 43, Bathroom 32, Bedroom 35, Bathroom 6, Bedroom 44, Bathroom 35, Bedroom 13, Bedroom 15, Bedroom 42, Bathroom 11, Bedroom 10, Bedroom 40, Bathroom 14, Bathroom 27, Bedroom 47, Bedroom 14, Bedroom 6, Bathroom 41, Bathroom 10, Bathroom 17, Bathroom 29
Parking
33
Parking features
Gated, Assigned, Garage - Attached
Directions
Prestigious San VIcente Blvd., 4 blocks from the ocean.
Subdivision
Santa Monica
Standard status
Active
APN
4293-001-018
Size
40,412 SF
Lot size
0.51 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s)
Amenities
on-site laundry facility
pool
Building Details
Year built
1957
Floors in Building
3
Number of units
33
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Jonathan Taksa · License #01366169
(310) 968-5303
Added: Jan 20
Changed: Oct 17
Last Checked: Oct 19 at 7:06AM
MLS# 26640487
Copyright © 2026 The MLS/CLAW. 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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Investment Insights
Based on property information with market context.
This apartment property at 537 San Vicente Blvd. contains 40,412 square feet on a 0.5087-acre site. Built in 1957, the building offers 33 residences comprising 19 one-bedroom, one-bath units and 14 two-bedroom, two-bath units. On-site amenities include a swimming pool, laundry facility, assigned parking, gated access, an attached garage, and a wraparound driveway. Heating is electric, with wall/window unit cooling, and the property is zoned SMR2*.
The property is in Santa Monica, near Montana Avenue and the beach. Its location in the city’s 90402 postal area places the apartment community within a walkable setting connected to established residential and coastal surroundings.
The unit mix, parking configuration, and shared amenities provide a clearly defined multifamily operating profile, while the substantial building area supports the existing 33-unit layout.
The property is in Santa Monica, near Montana Avenue and the beach. Its location in the city’s 90402 postal area places the apartment community within a walkable setting connected to established residential and coastal surroundings.
The unit mix, parking configuration, and shared amenities provide a clearly defined multifamily operating profile, while the substantial building area supports the existing 33-unit layout.
Key Highlights
- 33‑unit apartment property on a 0.5087‑acre site
- 40,412 square feet; built in 1957
- Unit mix includes 19 1‑bed, 1‑bath units and 14 2‑bed, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$650,261
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,005,220
$13.0M
Cap Rate 7%
$9,289,443
$9.3M
Cap Rate 9%
$7,225,122
$7.2M
Market Conditions
NOI Build-Up for 40,412 SF
Gross rent
$1.29M $31.80/SF
− Vacancy
−$102.8K −$2.54/SF
EGI
$1.18M $29.26/SF
− OpEx
−$532.0K −$13.17/SF
NOI
$650.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,005,220
Cap Rate 7%
$9,289,443
Cap Rate 9%
$7,225,122
Alternative Uses
Best Use
Apartment 5plus
$9.29M
$8.13M – $10.84M
NOI $650,261 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.64M
$18.93M – $25.24M
NOI $1,514,550 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
33
Residential units
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 90402, CA
12,295
Population
5,731
Households
2.1
Avg Household Size
50
Median Age
79%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
6,148
Density / Sq Mi
$182,688
Median Household Income
$100,225
Median Earnings
$2,698
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 33-unit community with on-site laundry, assigned parking, and a swimming pool.
Where is this apartment building located?
The property is located at 537 San Vicente Blvd Santa Monica, CA.
What is the asking price?
The asking price for this property is $15,395,000.
What are key features of this property?
This property features: 33‑unit apartment property on a 0.5087‑acre site; 40,412 square feet; built in 1957; Unit mix includes 19 1‑bed, 1‑bath units and 14 2‑bed, 2‑bath units
