12221 San Vicente Blvd

Los Angeles, CA, 90049

$32,000,000

$495 per ft²
$32,000,000
$495 per ft²
Active
Active
 - For Sale
beds
92 Beds
baths
83 Baths
carpenters-square
64,578 ft²
property_type
Multi-family
calendar
Built 1961
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.
MLS® ID:
22-209493
Listed:
10/16/22
Updated:
12/5/22
The Agency
Irene Dazzan-Palmer Team

Interior Features

Total Bedrooms
92
Total Bathrooms
83
Laundry Description
Community
Cooling
Wall/Window
Heating
Central

Exterior/Building Features

Lot Size
1.2 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Assigned, Carport Attached
Parking Total
55.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
Community
Total Stories
3
Zoning
LAR3

Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa,
Listing Contact:  

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 Irene Dazzan-Palmer Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/5/22

The Agency
Irene Dazzan-Palmer Team
Contact