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    2702 21St St

    Santa Monica, CA 90405
    • $1,825,000
    • STATUS: Active Under Contract
    • ON SITE: 17 days
    • ID#: 21-710400
    Under Contract
    UPDATED: 71 min ago
    $1,825,000
    • 4
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,308
      SQFT
    • $791
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:
    Area:

    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.

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    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.
    www.thepayabgroup.com/homes/115463884
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    2702 21St St Santa Monica, CA 90405

    • Price: $1,825,000
    • Status: Active Under Contract
    • Updated: 71 min ago
    • ID#: 21-710400
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,308
    SQFT
    $791
    $/SQFT
    1940
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    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.
    Exterior Features

    Lot Location Corner Lot Lot Size Area 7013 Other Structures None Parking Garage Garage Is AttachedGarage - 1 Car Total Parking 4

    Interior Features

    Baths Total 4.00 Cooking Appliances Oven Cooling None Equipment WasherRange/OvenRefrigeratorDryer Heating Wall Gas Laundry In Unit

    Property Features

    Gross Income 84204 Gross Operating Income 81678 Like Units1 702 Like Units2 706 Like Units3 710 Like Units4 714 Monthly Gross Income 7017.00 Net Operating Income 52002.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Water Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 29676 Type Of Units Walk Up Water Heaters YN Yes Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Kamfar Kyle Mirrafati DRE#01911204 of Matthews Real Estate Investment Services.


    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.
     
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