12221 San Vicente Blvd, Los Angeles, CA 90049
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12221 San Vicente Blvd Los Angeles, CA 90049

$31,000,000 Sold Price as of 03/15/2023
  • 92 Beds
  • 83 Baths
  • 64,578 Sq.Ft.
Sold
$31,000,000 Sold Price as of 03/15/2023 Refinance Your Mortgage

Map preview of 12221 San Vicente Blvd, Los Angeles, CA 90049

Property Overview: 12221 San Vicente Blvd Los Angeles, CA has 92 bedrooms, 83 bathrooms, 64,578 living square feet and 52,468 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 10 minutes ago | Last updated: March 15th, 2023 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
52,468
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22209493
City
Los Angeles
County
Los Angeles
Time on Site
574 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 50
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 17
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,402
  • Total Rent: $40,838
  • Pro Forma/Market Rent: $57,715
Unit Breakdown 2
  • # of Units: 24
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,584
  • Total Rent: $62,005
  • Pro Forma/Market Rent: $105,480
Unit Breakdown 3
  • # of Units: 9
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,782
  • Total Rent: $34,040
  • Pro Forma/Market Rent: $44,955
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.01%
  • Gross Rent Multiplier: 19.48
  • Gross Scheduled Income: --
  • Net Operating Income: $961,884
  • Gross Operating Income: $1,648,443
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 12221 San Vicente Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 55
  • Has Parking
  • Parking Features: Assigned, Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 50
  • Parcel Number: 4404006011
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Just West of Bundy Drive, on the Northwest corner of Gretna Green Way and San Vicente Blvd.
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Sale History for 12221 San Vicente Blvd

Last sold for $31,000,000 on March 15th, 2023
  • March, 2023

  • Mar 15, 2023

    Date

    Sold

    CRMLS: 22209493

    $31,000,000

    Price

  • Oct 17, 2022

    Date

    Active

    CRMLS: 22209493

    $32,000,000

    Price

  • December, 1995

  • Dec 29, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 12221 San Vicente Blvd

Assessed Value (2020): $3,039,044
Year Land Value Improved Value Assessed Value
2020 $1,145,596 $1,893,448 $3,039,044

Home Value Compared to the Market

This property vs the competition

12221 San Vicente Blvd sold on March 15, 2023 for 2589.08% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $495.52 per/sqft which puts the price per square foot 34.37% lower than the current median sale per square foot for the city of Los Angeles.

About 12221 San Vicente Blvd

Detailed summary of property

12221 San Vicente Blvd is a multi family that recently sold in Los Angeles, CA 90049. This multi family property offered 92 bedrooms, 83 bathrooms, roughly 64,578 living square feet, and sits on an approximately 52,468 square foot lot. 12221 San Vicente Blvd was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner sold the property for $31,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2589.08% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 94 days, 12221 San Vicente Blvd has a days on market of 57 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 12221 San Vicente Blvd Los Angeles, CA 90049 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12221 San Vicente Blvd

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
64,578
Lot Size
52,489
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
1-2,28
APN
4404-006-011

The source for these homes facts are from public records.

90049 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,500,000
Median List Price/Sq.Ft.
$1,062
Median Sold Price
$2,150,000
Median Sold Price/Sq.Ft.
$913
Total Inventory
193
Median Sale to List Price %
97.95%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (7.41%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.