NOT LISTED FOR SALE

1847 21st St Santa Monica, CA 90404

Pico Neighborhood

Estimated Value: $1,593,000 - $2,036,000

3 Beds
2 Baths
3,522 Sq Ft
$527/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $1,600,000 $454 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $11,765/month

173 Days on Market

About This Home

As of December 2022

1847 21st St, a 5-unit investment opportunity located in the prime location of Santa Monica just east of the intersection of Olympic Blvd and 20th St by the Santa Monica Freeway. The unit mix consists of one single family three-bedroom residence and two duplexes with a single, two one-bedroom units, and a two-bedroom unit. The majority of the units are leased at below market rents, providing an investor the opportunity to capture49% rental upside through interior unit renovations as units turn. High Bike Score of 91, proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city.Santa Monica is one of the best locations in Los Angeles. Located just below Brentwood, this booming area is home to young professionals and families alike. Companies such as Activision Blizzard,Universal Music Group, Snap, and Lions gate attract top talent to this area. Third Street Promenade provides residents with great dining and shopping experiences, while the beach and Santa Monica Pier allow residents to enjoy stunning views.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 06/01/2022

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 06/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,022

Year Built

  • Built in 1923

Lot Details

  • 6,011

Interior Spaces

  • 3,522 Sq Ft Home
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 6,011 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4274-009-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,022

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3522
  • Lot Acreage: 0.1380
  • Year Built: 1923
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven, Dryer, Washer, Ceiling Fan
  • Price Per S Q F T: 511.07

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 3 Car

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 66.59
  • Assessed Improvement Value: 56818
  • Assessed Land Percent: 33.41
  • Assessed Land Value: 28511
  • Total Assessed Value: 85329
  • Assessor Parcel Number: 4274-009-020
  • Lot Size Area: 6011

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 23.49
  • Number Of Units: 5
  • Total Annual Expense: 40079
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Nov 29, 2022
Sold by
Vivian L Williams Revocable Living Trust
Bought by
Vivian L Williams Irrevocable Trust
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$1,800,000
Sold Price
$1,600,000
Premium/Discount to List
-$200,000
-11.11%
Views
15
Current Estimated Value
$1,856,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,469
Avg. Annual Appreciation
5.03%

Purchase Details

Listed on
Jun 1, 2022
Closed on
Nov 28, 2022
Sold by
Vivian L Williams Irrevocable Trust
Bought by
Wesley 02 Llc
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$1,800,000
Sold Price
$1,600,000
Premium/Discount to List
-$200,000
-11.11%
Views
15

Purchase Details

Closed on
Feb 4, 2016
Sold by
Williams Vivian L
Bought by
Irrevocable Williams Jr Oliver and Irrevocable Vivian L Williams

Purchase Details

Closed on
Sep 9, 2015
Sold by
Williams Vivian L
Bought by
Irrevocable Williams Jr Charles and Irrevocable Vivian L Williams

Purchase Details

Closed on
Mar 10, 1999
Sold by
Williams Vivian L
Bought by
Williams Vivian L and Vivian L Williams Revocable Li

Purchase Details

Closed on
Jun 27, 1997
Sold by
Williams Oliver
Bought by
Williams Vivian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 1996
Sold by
Culton Bessie L
Bought by
Williams Vivian L

Purchase Details

Closed on
Dec 9, 1991
Sold by
Culton Bessie Irene
Bought by
Williams Vivian L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vivian L Williams Irrevocable Trust -- Old Republic Title
Wesley 02 Llc $1,600,000 Old Republic Title
Irrevocable Williams Jr Oliver -- None Available
Irrevocable Williams Jr Charles -- None Available
Williams Vivian L -- --
Williams Vivian L -- Chicago Title
Williams Vivian L -- --
Williams Vivian L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Vivian L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $1,600,000 -11.1% $454 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $1,800,000 +12.5% $511 / Sq Ft
10/01/2022 10/01/22 Off Market $1,600,000 -- --
08/02/2022 08/02/22 Price Changed $1,800,000 -10.0% $511 / Sq Ft
06/01/2022 06/01/22 For Sale $2,000,000 -- $568 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,022 $1,664,640 $1,165,248 $499,392
2024 $20,022 $1,632,000 $1,142,400 $489,600
2023 $19,703 $1,600,000 $1,120,000 $480,000
2022 $2,094 $87,035 $29,081 $57,954
2021 $1,994 $85,329 $28,511 $56,818
2020 $1,976 $85,255 $28,219 $57,036
2019 $1,945 $83,600 $27,666 $55,934
2018 $1,788 $81,977 $27,124 $54,853
2016 $14,418 $1,200,000 $804,800 $395,200
2015 $1,266 $76,856 $25,681 $51,175
2014 $1,284 $75,351 $25,178 $50,173
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    93 Total Sales

    Neema Ahadian
    Section Image
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Map

Source: The MLS

MLS Number: 22-166749

The MLS

APN: 4274-009-020

California Los Angeles County Santa Monica 90404 Pico

1847 21st St, Santa Monica, CA

This home is located at 1847 21st St, Santa Monica, CA 90404 since 01 June 2022 and is currently estimated at $1,856,469, approximately $527 per square foot. This property was built in 1923. 1847 21st St is a home located in Los Angeles County with nearby schools including Edison Language Academy, John Adams Middle School, and Santa Monica High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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