2921 Arizona Avenue, Santa Monica, CA 90404
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
2921 Arizona Avenue,Santa Monica, CA 90404
$5,750,000
- 20 Beds
- 22 Baths
- 10,671 sq. ft.
- Multi-family
- Active
Listed by:jonathan taksa
Office:remax commercial and investment realty
MLS#:25586617
Source:CRMLS
Price summary
- Price:$5,750,000
- Price per sq. ft.:$538.84
About this home
***MAY BE PURCHASED INDIVIDUALLY OR AS PART OF A PORTFOLIO WITH 1140 N OGDEN & 8220 NORTON*** We are pleased to present 2921 Arizona Ave. This 12-unit apartment building in Santa Monica offers a rare blend of stability, upside, and location, making it a highly attractive opportunity for investors seeking long-term growth in one of Los Angeles' most coveted rental submarkets. The desirable unit mix includes ten spacious 2-bedroom, 1.5-bath units and two newly constructed studio ADUs, appealing to a broad tenant base and maximizing rental income potential. Situated on the highly sought-after Westside, the property benefits from strong local demand, proximity to major employment centers, beaches, shopping, dining, and public transportation. The building has undergone significant recent capital improvements, offering new ownership a low-maintenance asset with reduced near-term expenses. Upgrades include a comprehensive main electrical system enhancement, plumbing improvements, exterior renovations, and the addition of two conforming ADUs. SB-721 balcony inspections have been completed, adding further peace of mind. Inside, various units have been thoughtfully renovated with modern finishes, featuring wood-inspired flooring, stainless steel appliances, gas ranges, garbage disposals, and refrigerators. Residents enjoy amenities such as garage parking, on-site laundry, patios or balconies, and attractively landscaped grounds. With a strong location, solid unit mix, and major building systems already improved, this offering represents a turnkey opportunity with both stability and upside in one of the most desirable areas of Los Angeles.
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Home facts
- Year built:1961
- Listing ID #:25586617
- Added:3 day(s) ago
- Updated:September 06, 2025 at 01:23 PM
Rooms and interior
- Bedrooms:20
- Total bathrooms:22
- Living area:10,671 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1961
- Building area:10,671 sq. ft.
- Lot area:0.27 Acres
Finances and disclosures
- Price:$5,750,000
- Price per sq. ft.:$538.84
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