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 Marty Halfon | CA DRE# 00669674 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