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.
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4BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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2,308SQFT
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$791$/SQFT
School Ratings & Info
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.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-12T10:42:42.117. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.