Active

1530 Harvard St

Santa Monica CA, 90404

$3,290,000


$480.64 per sqft

Active

16 Beds

13 Baths

6,845 sqft

Multi-family

Built in 1961

We are pleased to offer for sale an incredibly unique multifamily asset located at 1530 Harvard Street in the heart of LA's famed beach city of Santa Monica. The offering presents the ultimate opportunity for an owner-user to "make it their own"and create a one of a kind 2-story luxury unit in a 6 unit building. There is no doubt that this offering is the quintessential owner-user opportunity seldom available to be purchased on the Westside. Originally built in1961, the building boasts an ideal unit mix consisting of large 2 and 6-bedroom (after completion of owner's unit) floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. The sale comes with City of Santa Monica stamped plans and permits for the remodeling of unit 1 into a 6-bedroom, 5-bathroom unit. The fully approved unit, once constructed, will have a total of 2,639 square feet of livable space and an additional 427 SQFT for a private garage (total square feet will be 3,066 SQFT). The current unit has been taken down to the studs and presents a turnkey renovation project for a Buyer looking to create a beautiful home while receiving substantial income from the 5 other apartment units. From an investment perspective, the property has an incredible unit mix consisting of one 6+5 unit (after completion of the owner's unit), two 2+1 units, and three 2+2 units. There is also significant rental upside, ample on-site parking (soft story retrofit has been completed), all copper plumbing, a newer roof, as well as an on-site laundry facility. Several of the units have been upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances, quartz countertops, and recessed lighting. A quick stroll to high-end dining, the Bergamot Station Arts Center, and entertainment venues, the property will enable an owner-user to create their private sanctuary while also being situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and the ability to start renovating right upon the close of escrow, 1530 Harvard Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.

24-434417

MLS ID

September 3, 2024

Listed

September 13, 2024

Updated

Map

1530 Harvard St
Santa Monica CA, 90404

Interior Features

Total Stories

2


Bedrooms

16


Total Bathrooms

13


Appliances

None


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

Santa Monica


Days on Market

8


Garage

No


Parking

Assigned


Parking Total

7


View

No


County

Los Angeles


Pool

No


Pool Features

None


Zoning

SMR2*

Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 310-968-5303 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gary Glass | CA DRE# 00933169 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/13/2024

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