***OFFER DEADLINE MONDAY 1/26 3PM*** BUYERS THAT SUBMIT OFFERS WILL BE INVITED TO A SELLER SPONSORED INSPECTION WED 1/28 12PM 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… Read More 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. Read Less
Courtesy of Miller & Desatnik Realty Co. 310-202-9166
Listing Snapshot
Days Online
58
Last Updated
Property Type
Other
Beds
11
Square Ft.
5,016
Lot Size
0.15 Acres
Year Built
1986
MLS Number
26638599
30 Days Snapshot Of 90404
$1.28M
0%
(avg) sold price
47
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Dishwasher
Building
5,016 sq ft, Built in 1986, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
Tandem
Heating
Floor Furnace
Lot
LotAcreage: 0.1503, LotSizeArea: 6,545
Parking
TotalParking: 9
Property
NumberOfUnits: 5, Zoning: SMR2*
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