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12221 San Vicente Blvd Los Angeles, CA 90049
$32,000,000
92 beds
64,578 sq ft

Courtesy of Remax Commercial and Investment Realty 213-817-1000

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Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

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.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1961

Appliances and Equipment

  • Built-Ins
  • Garbage Disposal
  • Refrigerator

Bathrooms

  • 83.00 total bathrooms

Bedrooms

  • 92 total bedrooms

House

  • 64,578 sq ft
  • Built in 1961

Cooling

  • Wall/Window

Disclosures

  • As Is

Exterior Features

  • Deck(s)

Garage

  • Assigned
  • Carport Attached

Heating

  • Central

Laundry

  • Community

Listing

  • ListDate: 2022-10-17
  • PricePerSqFt: $496
  • 43 days on market

Location

  • County: Los Angeles
  • ListingArea: Brentwood

Lot

  • LotAcreage: 1.2045
  • LotSizeArea: 52,468

Parking

  • CoveredParking: 55
  • TotalParking: 55

Pool

  • PoolYN: True
  • Community

Property

  • NumberOfUnits: 50
  • Zoning: LAR3

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