Los Angeles, CA 90049,12221 San Vicente BLVD
Los Angeles, CA 90049,12221 San Vicente BLVD
Los Angeles, CA 90049,12221 San Vicente BLVD
56
$31,000,000
$32,000,000
3.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

92 BD
83 BA
64,578 SqFt

12221 San Vicente BLVD Los Angeles, CA 90049

Est. payment /mo
SOLD DATE : 03/15/2023

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $31,000,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 64,578 sqft

Price per Sqft $480

MLS Listing ID 22209493

Sold Date 03/15/23

Bedrooms 92

HOA Y/N No

Year Built 1961

Lot Size 1.204 Acres

Property Description

This investment offering represents a generational opportunity to purchase an incredible multi-family asset located at 12221 and 12225 San Vicente Blvd. in the heart of LA's famed Westside enclave of Brentwood. Seldom are properties as prestigious as the San Vicente Residences available to be purchased. In fact, ownership has owned the land for nearly a century. With just over 400 feet of frontage on the beautiful tree lined street of San Vicente and a total lot size of 52,490 square feet, the buildings have an undeniable grandeur and presence to them. Originally built in 1961, the buildings boast an ideal unit mix consisting of all large 1, 2 and 3-bedroom floor plans. Each of these units are spacious, have a terrific layout, and offer an abundance of natural light. Perfect for long-term investors looking to add a gem to their portfolio, the properties offer an investor incredible rental upside, ample on-site parking (55 spaces) and all soft story seismic retrofit work has been completed, a sparkling pool that was completely refurbished in 2016, a large sundeck area, and two onsite laundry facilities. The unit mix includes (17) 1-bed, 1-bath units, (24) 2-bed, 2-bath units, and (9) 3-bed, 2-bath units. This is the quintessential value add opportunity and a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. The properties are located in a very unique North of San Vicente location and lie within the popular Kenter School District. A quick walk to fine dining, and directly across the street from Sunday's famous Farmer's Market and Brentwood Country Clubs golf course, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire one of the most prestigious assets in all of Los Angeles.

Location

State CA

County Los Angeles

Area C06 - Brentwood

Zoning LAR3

Interior

Heating Central

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Disposal, Refrigerator

Laundry Common Area

Exterior

Parking Features Attached Carport, Assigned

Pool Community

Community Features Pool

Porch Deck

Total Parking Spaces 55

Private Pool No

Building

Story 3

New Construction No

Others

Senior Community No

Tax ID 4404006011

Special Listing Condition Standard

Read Less


CRMLS – RECore
Listed by Jonathan Taksa Remax Commercial and Investment Realty
Bought with Jonathan Taksa Remax Commercial and Investment Realty
GET MORE INFORMATION
agent

Sandy Dabbs

Agent | License ID: 02120617

+1(714) 287-9983

Name
Phone*
Message