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 Sale48 Beds
33 Baths
30,140 ft²
Multi-family
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:
4/2/23
Coldwell Banker
Heidi Adams
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
-
-
Courtesy of Chase Simonton, RE/MAX One, CA DRE
Listing Contact:
Based on information from the CRISNet MLS as of 4/2/23, 8:46 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
©2023 CRISNet MLS. All rights reserved.
Coldwell Banker
Heidi Adams
