Properties

Santa Monica, CA 90404 1236 21st Street

Pending
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Presented By: David Miller with Miller & Desatnik Realty Co.;
  • MLS# 26638599
  • 01/15/2026
  • Get pre-approved
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  • Beds • 11
  • Baths • 2
  • SQFT • 5,016
  • Garage • 1

Home Details

***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 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.
Presented By: David Miller with Miller & Desatnik Realty Co.;

Interior Features for 1236 21st Street

Bedrooms

Total Bedrooms11

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths10

Other Interior Features

LivingAreaSourceAssessor
Heating Y/NYes
Total Stories2

General for 1236 21st Street

AppliancesDishwasher
Cap Rate5.49
CitySanta Monica
CountyLos Angeles
DirectionsOn 21st st between Wilshire Blvd. and Arizona Ave. in Santa Monica
Full Baths
Garage Y/NYes
Gross Income226500
HOANo
HeatingFloor Furnace
LevelsTwo
Living Area5016
Lot Size Square Feet6545
Lot Size UnitsSquare Feet
MLS AreaC14 - Santa Monica
Net Operating Income153630
New ConstructionNo
Number Of Units Total5
PostalCitySANTA MONICA
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count2
Year Built1986
Year Built SourceAssessor
ZoningSMR2*

Exterior for 1236 21st Street

Building Area Total5016
Lot Size Acres0.1503
Lot Size Area6545
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesGarage, Tandem
Total Parking9

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,800,000
MLS#26638599
List Date 01/15/2026
Property Type Multi-Family
Phone 888.795.6274
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