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.