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1236 21st Street, Santa Monica, CA 90404
Priced at Only: $2,800,000
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Address: 1236 21st Street, Santa Monica, CA 90404
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  • MLS#: 26638599 ( )
  • Street Address: 1236 21st Street
  • Viewed: 1
  • Price: $2,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 21
  • Additional Information
  • County: LOS ANGELES
  • City: Santa Monica
  • Zipcode: 90404
  • Provided by: Miller & Desatnik Realty Co.
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    ***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.
Features
Appliances
  1. Dishwasher
Building Area Total
  1. 5016.00
Country
  1. US
Heating
  1. Floor Furnace
Levels
  1. Two
Netoperatingincome
  1. 153630.00
Parcel Number
  1. 4276014008
Parking Features
  1. Tandem Garage
Postalcodeplus4
  1. 1324
Sourcesystemkey
  1. 26638599:CLAW
Totalexpenses
  1. 66075.00
Year Built
  1. 1986
Year Built Source
  1. Assessor
Zoning
  1. SMR2*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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