1236 21st Street, Santa Monica, CA 90404

• 11 beds |
• 10 baths |
• 5,016 sqft

Property 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.

Listing Status:

Pending

Date Added:

January 15, 2026

Data Last Updated:

February 16, 2026 at 1:16AM

Listing Office:

Miller & Desatnik Realty Co. : 310-202-9166

Listing Agent:

David Miller : 323-948-7507

MLS ID:

26638599

Interior

• Appliances: Dishwasher
• Heating: Floor Furnace

Exterior

• Parking: GarageTandemParking spaces: 9

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: SMR2*4276014008

Financial

• Source: CRMLS_CL