1422 20 Th St Santa Monica, CA 90404

$2,175,000
Santa Monica, CA   90404
0 Beds, 0.0 Baths, 0 sq ft, 7,507 sq ft lot, Built in 1949
1422 20 Th St, Santa Monica, CA 90404 Photo 0
1422 20 Th St, Santa Monica, CA 90404 Photo 1
1422 20 Th St, Santa Monica, CA 90404 Photo 2
1422 20 Th St, Santa Monica, CA 90404 Photo 3
1422 20 Th St, Santa Monica, CA 90404 Photo 4
1422 20 Th St, Santa Monica, CA 90404 Photo 5
1422 20 Th St, Santa Monica, CA 90404 Photo 6
0 Beds,
0.0 Baths,
0 sq ft,
7,507 sq ft lot
Built in 1949

Description

MLS# 18396104

1422 20th Street is a 5-unit bungalow style apartment community located in prime Santa Monica. Built in 1949, the property sits on a 7,500 square foot lot and is adjacent to 1420 20th Street (APN is 4275-009-005), joined by a large central courtyard. Currently, 3 out of the 5 studio apartments are vacant, offering an investor the opportunity to renovate both the interiors and exterior of the property, bringing the property to their desired level of luxury. All 5 units feature incredibly spacious, enclosed private patios and there are 6 parking spaces. 1422 20th St. can be purchased individually or together with 1420 20th for a total of 10 units (7 of which are vacant), with the potential for development of a 15,000 square foot lot; Zoned R2 (each of the two lots has 50 feet of frontage onto 20th Street). PROFORMA shown assumes that the 3 vacant units are at a market rent of $2600. Property Website in Pvt Remarks. See MLS #18-396084 for more information on 1420 20th Street. Listed by Adrienne Barr, Berkadia.

Description

MLS# 18396104

1422 20th Street is a 5-unit bungalow style apartment community located in prime Santa Monica. Built in 1949, the property sits on a 7,500 square foot lot and is adjacent to 1420 20th Street (APN is 4275-009-005), joined by a large central courtyard. Currently, 3 out of the 5 studio apartments are vacant, offering an investor the opportunity to renovate both the interiors and exterior of the property, bringing the property to their desired level of luxury. All 5 units feature incredibly spacious, enclosed private patios and there are 6 parking spaces. 1422 20th St. can be purchased individually or together with 1420 20th for a total of 10 units (7 of which are vacant), with the potential for development of a 15,000 square foot lot; Zoned R2 (each of the two lots has 50 feet of frontage onto 20th Street). PROFORMA shown assumes that the 3 vacant units are at a market rent of $2600. Property Website in Pvt Remarks. See MLS #18-396084 for more information on 1420 20th Street. Listed by Adrienne Barr, Berkadia.

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  • Headshot
    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 1
PARKING: Uncovered
COOLING: None
LAUNDRY: See Remarks
Interior Features
APPLIANCES: Refrigerator
Community
UNITS TOTAL: 5
STORIES TOTAL: 1
Land
ZONE: SMR2*
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