Address
2702 21St Street Santa Monica, CA
Price
$ 1,825,000
Property Attributes
  • MLS#21710400
  • TypeContingent
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90405
  • Style
  • Price$ 1,825,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Kamfar Kyle Mirrafati with Matthews Real Estate Investment Services.
Data Source:
CRMLS
Property Description

2702 21st Street presents a unique pride of ownership apartment building situated in the Sunset Park District of Santa Monica. Built in 1940, these single-story, walkup style apartments consist of four (4) total units built on two (2) separate buildings with a unit mix of entirely 1-bedroom, 1-bathroom units. The property features four (4) private garages with direct access to the designated unit, in-unit washer and dryer, recently replaced roof, electrical and windows. Two of the units have been upgraded and one (1) unit will be delivered vacant at the close of escrow. The property sits on 7,013 Sq Ft with SMR2* zoning in arguably the most desirable rental market in California. This amazing location on the corner of Oak St and 21st St is less than 10 minutes from all the restaurants, bars, and shops in both Downtown Santa Monica and Abbot Kinney Blvd in Venice Beach. An investor can capitalize on the vacant unit and highly desirable rental market to achieve a healthy rental income year 1 due to low operating expenses, however, this investment offers massive upside potential allowing steady rental increase year-over-year.

Price History
3/25/2021 Listed $1,825,000

General Features

Appliances Oven, Refrigerator
Cooling None
Garage Spaces 4
Garage Y/N Yes
MLS Area C14 - Santa Monica
Parking Features Door-Single, Garage
Property Type Residential Income
Total Units 4
Zoning SMR2*

Exterior Features

Lot Size Acres 0.16
Lot Size Area 7013
Lot Size Source Assessor
Lot Size Square Feet 7013
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Total Parking 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90405

Price
AVG $1.5M
$1.83M
Visits
AVG 16
32
Year Built
AVG 1970
1940
Walkscore
AVG 88
78
Data Provided by Walkscore ® not using MLS data

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