1236 21st ST
Santa Monica, CA, 90404
$2,800,000
11 Beds
10 Baths
5,016 SqFt
0.15 Acres
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MLS #26638599 image #0
***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.

Property Details

Price:
$2,800,000
MLS #:
26638599
Status:
Active
Beds:
11
Baths:
10
Type:
Single Family
Neighborhood:
c14santamonica
Listed Date:
Jan 25, 2026
Finished Sq Ft:
5,016
Total Sq Ft:
5,016
Lot Size:
6,545 sqft / 0.15 acres (approx)
Year Built:
1986
C14 – Santa MonicaC14santamonica

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Schools

Interior

Appliances
DW
Heating
FF

Exterior

Parking Spots
9

Financial

Gross Operating Income
$226,500
Net Operating Income
$153,630

Map

Community

Market Summary

Current real estate data for Single Family in Santa Monica as of Feb 03, 2026
435
Single Family Listed
74
Avg DOM
442
Avg $ / SqFt
$1,831,585
Avg List Price

Property Summary

    1236 21st ST Santa Monica CA is a Single Family for sale in Santa Monica, CA, 90404. It is listed for $2,800,000 and features 11 beds, 10 baths, and has approximately 5,016 square feet of living space, and was originally constructed in 1986. The current price per square foot is $558. The average price per square foot for Single Family listings in Santa Monica is $442. The average listing price for Single Family in Santa Monica is $1,831,585.

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1236 21st ST
Santa Monica, CA