1236 21st St
Santa Monica, CA 90404
Immeuble residentiel Propriété À vendre · 5 Unités

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 dishwashers
Property 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.