Skip To Content
    Return to Previous Page

    129 San Vicente Blvd

    Santa Monica, CA 90402
    • $25,000,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 20-596344
    UPDATED: 157 min ago
    $25,000,000
    • 48
      BEDS
    • 1.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 30,140
      SQFT
    • $829
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    129 San Vicente Blvd is a 4-building trophy asset sitting on a massive47,262 SF lot overlooking the Pacific Ocean. This prime Santa Monicalocation, North of Wilshire - North of Montana, is second to none when itcomes to high-end commercial real estate. The property is 100% vacantallowing a new investor to renovate and create tremendous value bothin the aesthetics of the building as well as hand selecting tenants.The property has a unit mix of mostly 2-bedrooms and two 3+2penthouse units with balconies on both the upstairs and downstairsfloors with ocean views. Market rents for 2+1 units in this location rangefrom $4,300 - $5,200 per month. Due to the property's location of theNorthwest end of San Vicente and Ocean Ave, some of the units haveOcean views facing Malibu and the Pacific Palisades. All property tourswill be subject to submitting an offer with proof of funds. Please call or email listing agents for more information.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-09T23:42:20.563. 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.
    www.randyplaice.com/homes/107283493
    Print Image

    129 San Vicente Blvd Santa Monica, CA 90402

    • Price: $25,000,000
    • Status: Active
    • Updated: 157 min ago
    • ID#: 20-596344
    48
    Beds
    0
    Baths
    0
    ½ Baths
    1.09
    Acres
    30,140
    SQFT
    $829
    $/SQFT
    1949
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    129 San Vicente Blvd is a 4-building trophy asset sitting on a massive47,262 SF lot overlooking the Pacific Ocean. This prime Santa Monicalocation, North of Wilshire - North of Montana, is second to none when itcomes to high-end commercial real estate. The property is 100% vacantallowing a new investor to renovate and create tremendous value bothin the aesthetics of the building as well as hand selecting tenants.The property has a unit mix of mostly 2-bedrooms and two 3+2penthouse units with balconies on both the upstairs and downstairsfloors with ocean views. Market rents for 2+1 units in this location rangefrom $4,300 - $5,200 per month. Due to the property's location of theNorthwest end of San Vicente and Ocean Ave, some of the units haveOcean views facing Malibu and the Pacific Palisades. All property tourswill be subject to submitting an offer with proof of funds. Please call or email listing agents for more information.
    Exterior Features

    Direction Faces South Garage Structures Total 2 Levels Top Level Lot Size Area 47314 Other Structures Other Parking Garage Covered Parking Total Parking 35 View Description CoastlineCourtyardCatalinaOcean View YN Yes

    Interior Features

    Baths Total 33.00 Cooling None Equipment None Flooring Hardwood Heating Wall Laundry Equipment Own

    Property Features

    Assessed Total Value 4676311 Gross Income 1569600 Gross Operating Income 1569600 Like Units1 4 Like Units2 15 Like Units3 3 Like Units4 2 Like Units5 2 Net Operating Income 1024204.00 Number Of Buildings 4 Number Of Units 28 Owner Pays Water Property Condition Repair Cosmetic Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 497308 Type Of Units 3+22+1.5 Water Heaters YN Yes Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Chase Simonton DRE#01766871 of Keller Williams-Santa Monica.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-09T23:42:20.563. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-596344-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-596344-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-596344-2.jpg
    Logo
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355