1236 21st Street, Santa Monica, CA 90404
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1236 21st Street,Santa Monica, CA 90404
$2,800,000
- 11 Beds
- 10 Baths
- 5,016 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Jan 2401:00 pm - 02:00 pm
- Sun, Jan 2501:00 pm - 02:00 pm
Listed by: david miller
Office: miller & desatnik realty co.
MLS#:26638599
Source:CRMLS
Price summary
- Price:$2,800,000
- Price per sq. ft.:$558.21
About this home
***OFFER DEADLINE MONDAY 1/26 3PM*** BUYERS THAT SUBMIT OFFERS WILL BE INVITED TO A SELLER SPONSORED INSPECTION WED 1/28 TIME TBD TO HAVE AN OPPORTUNITY TO COME BACK WITH A BEST AND FINAL OFFER AFTER ALL OF THE DUE DILIGENCE ITEMS AND INSPECTION REPORTS HAVE BEEN REVIEWED***. 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.
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Home facts
- Year built:1986
- Listing ID #:26638599
- Added:7 day(s) ago
- Updated:January 23, 2026 at 06:11 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:10
- Living area:5,016 sq. ft.
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Year built:1986
- Building area:5,016 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$2,800,000
- Price per sq. ft.:$558.21
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