Request More Info
Schedule a Showing
Share
Print
|
***MAY BE PURCHASED INDIVIDUALLY OR AS PART OF A PORTFOLIO WITH 1140 N OGDEN & 8220 NORTON*** We are pleased to present 2921 Arizona Ave. This 12-unit apartment building in Santa Monica offers a rare blend of stability, upside, and location, making it a highly attractive opportunity for investors seeking long-term growth in one of Los Angeles' most coveted rental submarkets. The desirable unit mix includes ten spacious 2-bedroom, 1.5-bath units and two newly constructed studio ADUs, appealing to a broad tenant base and maximizing rental income potential. Situated on the highly sought-after Westside, the property benefits from strong local demand, proximity to major employment centers, beaches, shopping, dining, and public transportation. The building has undergone significant recent capital improvements, offering new ownership a low-maintenance asset with reduced near-term expenses. Upgrades include a comprehensive main electrical system enhancement, plumbing improvements, exterior renovations, and the addition of two conforming ADUs. SB-721 balcony inspections have been completed, adding further peace of mind. Inside, various units have been thoughtfully renovated with modern finishes, featuring wood-inspired flooring, stainless steel appliances, gas ranges, garbage disposals, and refrigerators. Residents enjoy amenities such as garage parking, on-site laundry, patios or balconies, and attractively landscaped grounds. With a strong location, solid unit mix, and major building systems already improved, this offering represents a turnkey opportunity with both stability and upside in one of the most desirable areas of Los Angeles.
Property Type(s):
Residential Income
| Last Updated | 9/3/2025 | Year Built | 1961 |
|---|---|---|---|
| Community | C14 - Santa Monica | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Microwave, Refrigerator |
| AREA | C14 - Santa Monica |
| GARAGE | Attached Garage |
| HEAT | Wall Furnace |
| LOT | 0.2672 acre(s) |
| LOT DIMENSIONS | 80x145 |
| PARKING | Attached, Attached Carport, Assigned |
| STORIES | 1 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Remax Commercial and Investment Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email