1530 Harvard Street, Santa Monica, CA 90404

• Listed Price : $3,290,000
• Beds : 16
  
• Baths : 13
  
• Property Size : 6,845 sqft
  
• Year Built : 1961
  

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Property Description

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.

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Interior Features

Listing Information

Listing information courtesy of: Jonathan Taksa, Remax Commercial and Investment Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 11th, 2024 at 12:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.