858 21st Street

    Santa Monica, CA 90403
    • $2,250,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: SR18259819
    UPDATED: 44 min ago
    $2,250,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,294
      SQFT
    • $1,739
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    The property at 858 21st Street is a fourplex consisting of single/1 bath units ranging from 300 to 350 square feet in the city of Santa Monica. The property is located one block south of Montana Avenue, an upscale high-end street with more than 150 restaurants and retailers. One of the units has a den that can potentially be converted to a bedroom. The fourplex was built in 1938. Three of the four units will be delivered vac at close of escrow. The property also has the ability to be redeveloped. If combined with the adjacent 2021 Idaho single family residence (on the market as well for $1,495,000) the R-2 zoning allows for the potential of a spectacular four unit property development (to be independently verified with the City). The total combined lot size is 7,986 square feet. A newer townhouse next door recently sold for $2,215,000.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T21:31:24.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88903376

    858 21st Street Santa Monica, CA 90403

    • Price: $2,250,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: SR18259819
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,294
    SQFT
    $1,739
    $/SQFT
    1938
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    The property at 858 21st Street is a fourplex consisting of single/1 bath units ranging from 300 to 350 square feet in the city of Santa Monica. The property is located one block south of Montana Avenue, an upscale high-end street with more than 150 restaurants and retailers. One of the units has a den that can potentially be converted to a bedroom. The fourplex was built in 1938. Three of the four units will be delivered vac at close of escrow. The property also has the ability to be redeveloped. If combined with the adjacent 2021 Idaho single family residence (on the market as well for $1,495,000) the R-2 zoning allows for the potential of a spectacular four unit property development (to be independently verified with the City). The total combined lot size is 7,986 square feet. A newer townhouse next door recently sold for $2,215,000.
    Exterior Features

    Garage Spaces 3.00 Lot Features GardenLandscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 500.00 Elevation Units Feet Fuel Expense 500.00 Gardener Expense 1200.00 Gross Income 102444.00 Gross Scheduled Income 102444.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN No Licenses Expense 100.00 Maintenance Expense 2000.00 Net Operating Income 67820.00 New Construction YN No New Taxes Expense 25875.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 32575.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 32575.00 Trash Expense 400.00 Vacancy Allowance 2049 Water Sewer Expense 1000.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Warren Berzack of Lee & Associates.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T21:31:24.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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