- Summary
- Location
- Amenities
Realty Investment Advisors is proud to present a unique acquisition opportunity at 605 San Vicente Boulevard, Santa Monica, California. This 30-unit multifamily property presents an unparalleled value-add proposition set within a landscape abundant in luxury and accessibility.
Built in 1973, the property boasts a total of 30 units, with 9 currently vacant and presenting a unique opportunity. Featuring a 41,832 square foot building on a 22,318 square foot lot, the unit mix is ideal with (12) two bedroom two bath units, (12) one bedroom one bath units and (6) two bedroom two bath units with an additional den. This sets the stage for discerning investors to rejuvenate a generational asset within one of Los Angeles’ high-demand rental markets, unlocking the potential for commanding premium rents. As Los Angeles continues to flourish in this dynamic era, there is a noticeable uptick in the appetite for upscale beachside apartment living. Six of the property’s 30 units have already been elegantly upgraded to embody opulence, with features like superior finishes, cutting-edge appliances, in-unit washer and dryer, recessed lighting, and remodeled kitchens and bathrooms.
This gem in the heart of Northern Santa Monica is situated amid a dynamic blend of premier job opportunities, high-end shopping venues, gourmet dining, lively bars, diverse entertainment, and seamless transportation networks. Merely a leisurely stroll from the radiant Santa Monica beach and nestled comfortably between the plush Montana Avenue and Pacific Palisades neighborhoods, 605 San Vicente Boulevard epitomizes the Santa Monica lifestyle. The property, located within Silicon Beach’s thriving tech sphere, counts industry heavyweights like Snapchat, Hulu, and HBO among its neighbors.
The communal rec room holds the potential for the introduction of community amenities such as a gym or a business center, or even transformation into an Accessory Dwelling Unit (ADU) for added revenue. Residents will compete for a place in this sanctuary, where they will enjoy luxury living spaces and a tranquil oasis in LA’s most sought-after neighborhood. With its unparalleled location and untapped earning potential, 605 San Vicente Boulevard promises investors long-term, robust returns. Investing in this property translates to investing in an idyllic Santa Monica lifestyle.
- A 30-unit housing community with its own gated, ground-level parking.
- Spacious living with each unit averaging a generous 1,200 square feet.
- Six apartments have been exquisitely remodeled with top-tier stainless steel appliances, stylish quartz countertops, in-unit laundry facilities, modern mini-split HVAC systems, new cabinetry, chic finishes, and spacious walk-in closets.
- Nine units are vacant, five of which are primed for renovation. An immediate chance for the new owner to step in, upgrade, and command top dollar rents.
- Large potential rental growth is in sight with ongoing improvements as units turn over.
- The communal space, currently a rec room, brimming with opportunity. Transform into a state-of-the-art gym, a swanky business center, or a bustling community room. Or consider converting to an Accessory Dwelling Unit (ADU) for an extra revenue stream.
Current Listings
THREE TENANT RETAIL CENTER GLASSELL PARK
Three Tenant Retail Center: Chevron, EZ Stop Liquor, and The Heights Deli & Bottle Shop 2 All tenants have 3-5% annual rent increases 5% in place cap rate Chevron gas station has about 5 years remaining on the lease agreement and fuel supply agreement EZStop Liquor and The Heights Deli both feature renewal options
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9 UNITS | MAR VISTA
Realty Investment Advisors is pleased to present 12731 Mitchell Avenue, a nine unit multifamily property in a highly desirable pocket of Mar Vista, just north of Washington Boulevard and minutes from Venice, Marina del Rey and Culver City. Offered for the first time in more than 15 years, the owner managed property features an attractive…
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Bellflower Auto Repair (Land + Business), Office and SFR
First time on the market in over 20 years. Two side-by-side Bellflower assets offered together or individually: 15111 Clark Ave – Auto Repair (Land + Business) • ±1,170 SF building on ±12,878 SF lot (0.30 AC) • BFCG zoning – Bellflower General Commercial • Asking Price: $2,500,000 • Includes established auto repair business and real…
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LAND | TOPANGA
Seller May Carry 1st – Flexible Terms Available. Discover the potential of 2460 Tuna Canyon Road, a 1.3-acre ocean-view parcel in the heart of Topanga Canyon. Street Adjacent, this mostly usable lot offers a gently sloped terrain approximately 30 feet below paved Tuna Canyon Road, making it ideal for maximizing views and simplifying construction. The…
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40 UNITS | PASADENA
A GENERATIONAL ASSET IS NOW AVAILABLE FOR THE FIRST TIME IN OVER 50 YEARS!! This rare opportunity to acquire an outstanding 40-unit multifamily property at 990 Valley View in Pasadena offers substantial scale, an outstanding unit mix, and real potential for significant, long-term rent growth. Located in Hastings Ranch, it borders the city of Sierra…
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20 UNITS | ALHAMBRA
We are pleased to offer for sale a well-located 20-unit courtyard-style apartment community in the City of Alhambra, just north of Valley Blvd. The property features spacious units with a desirable mix of 5 – 3Bed+1.5bath, 4 – 2Bed+1.5bath, 8 – 2Bed+1bath, and 3 – 1Bed+1bath units appealing to long-term tenants and supporting strong, stable…
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131 UNIT FULLY ENTITLED ED1 PROJECT IN ECHO PARK
801-807 Waterloo Street is a fully entitled affordable housing development site in the heart of Echo Park. Two adjacent parcels totaling 12,613 square feet. Approved entitlements for 131 income-restricted units and letter of Compliance already in hand. The plan calls for a seven-story mid-rise using Type III over Type I construction. At roughly 65,000 buildable…
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4 UNITS | CULVER CITY ADJACENT
Realty Investment Advisors is pleased to present 8612 Beverlywood Street, a rare value-add four-plex ideally located in a highly desirable Culver City adjacent location. As a four-unit property, 30-year residential fixed-rate financing is available, creating an attractive opportunity for an investor to potentially occupy one unit while renting the remaining three units and building long-term…
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8 UNITS | SILVER LAKE
• 8-Unit Apartment Community in Prime Silver Lake • Offered at a Current 6.20% Cap Rate • 7 of 8 Units Fully Renovated or Newly Constructed in 2023 • Two New-Construction Units NOT Subject to Rent Control • Modern Unit Interiors with High-End Finishes and In-Unit Laundry • Major Systems Replaced: Electrical, Plumbing, Drain Lines, Windows, Doors • Three-Building Layout with Smooth Stucco Exteriors • Two Buildings with New Roofs • 7 On-Site Parking Spaces • Exceptional Location Near Silver Lake Reservoir and Sunset Boulevard
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6 UNITS | SOUTH PASADENA
Realty Investment Advisors is proud to present 319 Raymondale, a rare 6-unit apartment complex located in one of the most desirable neighborhoods of South Pasadena. Built in 1953, this charming two-story building offers spacious two-bedroom, one-bathroom units, each approximately 1,300 square feet. The total building area spans 7,792 square feet on a generous 10,861 square…
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