***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.
Days on market: 8
Listing updated: September 10, 2025 - 12:58:09
Listed by: Jonathan Taksa DRE #01366169 213-817-1000, Remax Commercial and Investment Realty - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X7538301 Originating MLS: CRMLS
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