2416 20 Th St Santa Monica, CA 90405

$2,100,000
Santa Monica, CA   90405
0 Beds, 0.0 Baths, 0 sq ft, 7,162 sq ft lot, Built in 1944
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0 Beds,
0.0 Baths,
0 sq ft,
7,162 sq ft lot
Built in 1944

Description

MLS# 18400352

We are pleased to present 2416 20th Street, located in the prime Sunset Park area of Santa Monica. The offering is a fantastic 5 unit opportunity with an incredibly low GRM of 15.53 and outstanding Cap Rate of 4.37% on current income with additional upside in rents! The property is located less than two miles from the beach and within walking distance to some of the most desirable retail, shopping and dining in the country; Main Street, Ocean Front Walk and Abbot Kinney just to name a few. 4 of 5 units have been renovated throughout with much of the following: granite counter tops, windows, stainless steel appliances, hardwood floors, water heaters, recessed lighting etc. Units A, C, D & E were redone with copper plumbing, roof and windows. The offering sits on 7,161 square feet of land with a rentable square feet of 3,076 and consist of 2 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units. Listed by Filip Niculete, Marcus & Millichap.

Description

MLS# 18400352

We are pleased to present 2416 20th Street, located in the prime Sunset Park area of Santa Monica. The offering is a fantastic 5 unit opportunity with an incredibly low GRM of 15.53 and outstanding Cap Rate of 4.37% on current income with additional upside in rents! The property is located less than two miles from the beach and within walking distance to some of the most desirable retail, shopping and dining in the country; Main Street, Ocean Front Walk and Abbot Kinney just to name a few. 4 of 5 units have been renovated throughout with much of the following: granite counter tops, windows, stainless steel appliances, hardwood floors, water heaters, recessed lighting etc. Units A, C, D & E were redone with copper plumbing, roof and windows. The offering sits on 7,161 square feet of land with a rentable square feet of 3,076 and consist of 2 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units. Listed by Filip Niculete, Marcus & Millichap.

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 1
PARKING: Other
COOLING: See Remarks
LAUNDRY: See Remarks
Community
AMENITIES: Other
UNITS TOTAL: 5
STORIES TOTAL: 1
Land
ZONE: SMR2*
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