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Key Details
Sold Price $1,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,308 sqft
Price per Sqft $779
MLS Listing ID 21710400
Sold Date 05/18/21
HOA Y/N No
Year Built 1940
Lot Size 6,969 Sqft
Acres 0.16
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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Cooling None
Fireplace No
Appliance Oven, Refrigerator
Exterior
Garage Door-Single, Garage
Garage Spaces 4.0
Garage Description 4.0
Parking Type Door-Single, Garage
Total Parking Spaces 4
Building
Story 1
Others
Senior Community No
Tax ID 4272002020
Special Listing Condition Standard
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Bought with Adriane Westland • Rodeo Realty- Brentwood
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