Santa Monica, CA 90404,1236 21st St
Santa Monica, CA 90404,1236 21st St
Santa Monica, CA 90404,1236 21st St
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Gabriel Colombo

Gabriel Colombo

+1(213) 259-6619
$2,800,000
Est. payment /mo
11 Beds
10 Baths
5,016 SqFt
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Open House

Sat Jan 17, 9:30am - 10:00am

Sat Jan 17, 1:00pm - 1:30pm

Sun Jan 18, 1:00pm - 1:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,016 sqft

Price per Sqft $558

MLS Listing ID 26638599

Bedrooms 11

Year Built 1986

Lot Size 6,545 Sqft

Acres 0.1503

Property Sub-Type Multi-Family

Property Description

Rare Santa Monica Value-Add Opportunity 5 Units with Major Vacancy Located on a prime stretch of 21st Street between Wilshire Boulevard and Arizona Avenue, just steps from St. John's Hospital, this exceptional 5-unit multifamily property presents a rare opportunity for investors and owner-users alike. 4 out of the 5 units DELIVERED VACANT! Opportunities like this are extremely rare in Santa Monica, making this asset ideal for a value-add investor or an owner-user seeking flexibility, upside, and long-term appreciation in one of the Westside's most desirable rental markets.Unit Mix*(1) Spacious 3 Bedroom / 2 Bathroom townhouse-style unit Delivered vacant and ready for a full remodel, offering significant upside.*(4) Well-laid-out 2 Bedroom / 2 Bathroom units Rent-ready in their current condition.*All units feature dishwashersProperty Features*On-site laundry room*Dedicated storage areas*Separately metered units*Ample on-site parking located at the rear of the property Affordable Unit*(1) unit is designated "Affordable"*Previous tenant (recently vacated) was paying $3,080/month, providing strong baseline income with vacancy flexibility.Investment Highlights*Exceptional vacancy upside in a tightly controlled rent market*Prime Santa Monica location near medical, retail, dining, and transit*Ideal for value-add investors or owner-users*Rare chance to acquire a Santa Monica property with this level of immediate control This is a unique opportunity to reposition a multifamily asset in one of the most sought-after rental markets in Southern California.Properties with this many vacant units in Santa Monica are nearly unheard of this will not last.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Floor Furnace

Cooling Ceiling Fan

Equipment Range/Oven, Dishwasher

Exterior

Parking Features Tandem

Garage Spaces 9.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Miller & Desatnik Realty Co.
Gabriel Colombo

Gabriel Colombo

Agent | License ID: 02266753

+1(213) 259-6619

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1236 21st St