A mid-century apartment complex at 537 San Vicente Blvd in Santa Monica’s North of Montana neighborhood is back in play, quietly reappearing on the market this month with an asking price of roughly $17 million. The three-story building, completed in 1957, spans about 40,412 square feet on approximately 0.51 acres and comes with a retro mix of one- and two-bedroom units, a central swimming pool, on-site laundry and parking for roughly 33 vehicles.
According to the Santa Monica Mirror, the property is offered with 33 residential units: 19 one-bed/one-bath and 14 two-bed/two-bath. The marketing packet also tallies 47 bedrooms and 47 baths across the complex. The Mirror points out that the building sits a short stroll from Montana Avenue’s shops and the beach, a combo that rarely hurts in the Westside rental game.
Listing Details
Per the public MLS entry on Realtor.com, the asking price is $16,995,000, which works out to roughly $421 per square foot. The listing names Jonathan Taksa of RE/MAX Commercial and Investment Realty as the broker overseeing the sale. The Realtor materials highlight the pool, on-site laundry and overall condition of the building as part of its turnkey appeal for a buyer who wants income from day one.
Price History And Market Context
MLS history compiled on Compass shows the property has been on and off the market with several price adjustments since 2024, at one point listed above $23 million before being reduced to the current figure. That kind of back-and-forth will look familiar to Westside investors who track multifamily “trophy” assets marketed to both institutional players and well-capitalized private buyers looking for repositioning plays.
Why Investors Might Look
Public aggregator pages such as Zillow and the MLS materials cite “significant rental upside” for a buyer willing to renovate or rationalize rents. The building’s proximity to Montana Avenue’s shops and restaurants, plus its walkable access to the beach, supports steady leasing demand in a tight Santa Monica rental market.
Amenities like the pool, on-site laundry and parking for roughly 33 cars give a future owner some built-in differentiation in a neighborhood where space is at a premium. Prospective buyers can review the full MLS packet and photos through the public real estate listings or contact the broker directly. For the official listing information, see the MLS entry on Realtor.com.
