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1227 21st St
Santa Monica, CA 90404
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Well-maintained 12-unit multifamily apartment complex on a 10,164-square-foot double lot in Santa Monica
- Below-market assumable financing at 3.57% fixed for five years
- Upgraded units include recessed lighting, all-new kitchens with stainless steel appliances and tile backsplashes, in-unit washers and dryers
- Opportunity for a Buyer to achieve 55% Rental Upside through upgrading the seven unrenovated units
Property Facts
| No. Units | 12 | Building Size | 10,164 SF |
| Property Type | Multifamily | Average Occupancy | 58% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1947/1997 |
| Building Class | C | Parking Ratio | 0.94/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | SMR2* | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 10,164 SF |
| Average Occupancy | 58% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/1997 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | SMR2* |
Amenities
Unit Amenities
- Air Conditioning
- Hardwood Floors
- Sprinkler System
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 3+2 | 4 | - | - |
Property Taxes
| Parcel Number | 4276-015-004 | Improvements Assessment | $2,300,000 |
| Land Assessment | $3,500,000 | Total Assessment | $5,800,000 |
Property Taxes
Parcel Number
4276-015-004
Land Assessment
$3,500,000
Improvements Assessment
$2,300,000
Total Assessment
$5,800,000
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