1420-1422 20th Street is a 10-unit bungalow style apartment community located in prime Santa Monica. Built in 1949, the property sits on a 15,000 square foot double lot and is comprised of two buildings joined by a large central courtyard. Currently, seven out of the 10 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 10 units feature incredibly spacious, enclosed private patios and there are 12 parking spaces (8 single and 2 tandem). Potential for development of the 15,000 square foot lot; Zoned R2 (each of the two lots has 50 feet of frontage onto 20th Street). The 2nd APN is 4275-009-005 (1422 20th Street). The two parcels can be purchased together or individually. PROFORMA assumes that the 7 vacant units are at a market rent of $2600. See Private Remarks for Property Website. Listed by Adrienne Barr, Berkadia.