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1236 21st StreetSanta Monica, CA 90404

For Sale

$2,800,000

Smart Buyer Rebate $28,000

***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.

Listed by David Miller

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License #02105346

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Miller & Desatnik Realty Co.

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323-948-7507

Last updated January 24, 2026

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Source: CRMLS #26638599

Listing Facts

  • TypeMulti-family
  • NeighborhoodMid - City
  • Bedrooms11
  • Days on Prevu15
  • Size5,016 sqft
  • Price per sqft$558

Amenities

  • Dishwasher
  • Parking

Location

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Listing History

01/15/2026
Listed by Miller & Desatnik Realty Co.
$2,800,000

Property Details for 1236 21st Street

Exterior

Construction

  • Number Of Units Total: 5
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1986

Measurements

  • Building Area Total: 5,016
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,545
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,545
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.49
  • Gross Income: $226,500.00

Taxes

  • Parcel Number: 4276014008

Interior

Features

  • Appliances: Dishwasher

Measurements

  • Living Area: 5,016
  • Living Area Source: Assessor

Rooms

  • Bathrooms Total Integer: 10
  • Bedrooms Total: 11

Parking

Parking

  • Garage: Yes
  • Parking Features: Garage, Tandem
  • Parking Total: 9

Utilities

Equipment

  • Heating: Floor Furnace
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 11 bedrooms in this multi-family home at 1236 21st Street.

Does this multi-family home have parking?

Yes, there are 9 parking spaces available for 1236 21st Street.

How does 1236 21st Street compare to other multi-family homes in Mid - City?

This multi-family home is listed 0% above the average price for multi-family homes in Mid - City and has been on the market for 36 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 5,016 sqft.

1236 21st Street is a 11-bedroom multi-family home for sale in Santa Monica CA 90404. Listed on Prevu for 15 days at $2,800,000. This property features 5,016 square feet of living space, located in Mid - City. The median listing price for multi-family homes in this area is $1,225,000. Additional amenities include dishwasher and parking. Explore more multi-family home listings in Santa Monica.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.