Listed by Chase Simonton with RE/MAX One

129 San Vicente Boulevard

Santa Monica, CA, 90402

$24,500,000

$812 per ft²
$24,500,000
$812 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
48 Beds
baths
33 Baths
carpenters-square
30,140 ft²
property_type
Multi-family
calendar
Built 1949
129 San Vicente Blvd is a 4-building trophy asset sitting on a massive 47,262 SF lot overlooking the Pacific Ocean. This prime Santa Monica location, North of Wilshire - North of Montana, is second to none when it comes to high-end commercial real estate. The property is 100% vacant allowing a new investor to renovate and create tremendous value both in the aesthetics of the building as well as hand selecting tenants. The property has a unit mix of mostly 2-bedrooms and two 3+2 penthouse units with balconies on both the upstairs and downstairs floors with ocean views. Market rents for 2+1 units in this location range from $4,300 - $5,200 per month. Due to the property's location of the Northwest end of San Vicente and Ocean Ave, some of the units have Ocean views facing Malibu and the Pacific Palisades. All property tours will be subject to submitting an offer with proof of funds.
MLS® ID:
23241209
Listed:
2/12/23
Updated:
4/1/23
Sotheby's International Realty
Chris Adlam
Mobile: (310) 493-7216Email: chris@chrisadlam.com

Interior Features

Total Bedrooms
48
Total Bathrooms
33
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
1.09 acres lot

Other Property Details

Area Name
C15 - Pacific Palisades
Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Zoning
SMR2*
Buyer Agency Compensation
1.500

Property History

Date
Event
Price
Value
2/28/23
Price Change
$24,500,000
106%
3/16/23
Active Under Contract
-
-

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/1/23 at 2:15 AM UTC

Sotheby's International Realty
Chris Adlam
Mobile: (310) 493-7216Email: chris@chrisadlam.com
Contact