1227 21St St­Santa Monica, CA 90404 United States

Description:

Huge Price Reduction! 5 Units DELIVERED VACANT and beautifully remodeled. Priced at only 15.41 GRM, $437,500/Unit for massive 2 & 3 bedroom units. 1227 21st Street is the impressive and extremely clean, 12-unit apartment building located in Prime Santa Monica. The property consists of all large units with a combined mix of (4) three-bedroom and (8) two-bedroom units. Located just half a block South of Wilshire, it's walking distance from many restaurants, shopping, and cafes. This incredible asset commands higher than average rents in Santa Monica. The property was originally constructed in 1947, however, it was COMPLETELY REBUILT from the ground up in 1997. Due to the property being reconstructed in 1997, there are three affordable housing units and Buyer is required to verify and satisfy their investigations with regards to the maximum allowable rents prior to opening escrow. There is a discrepancy on public record showing a different total bedroom and bathroom count, however, we have confirmation from the City of Santa Monica that our bedroom and bathroom count is accurate. Please do not disturb the tenants. All showings will be subject to an accepted offer. The Seller will be conducting a 1031 tax deferred exchange and all Buyers shall cooperate at no additional delay, cost, or liability to Buyer