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12221 San Vicente BLVD Los Angeles, CA 90049
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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
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Bought with Jonathan Taksa Remax Commercial and Investment Realty