1420 20 Th St Santa Monica, CA 90404

$4,350,000
Santa Monica, CA   90404
0 Beds, 0.0 Baths, 0 sq ft, 15,000 sq ft lot, Built in 1949
1420 20 Th St, Santa Monica, CA 90404 Photo 0
1420 20 Th St, Santa Monica, CA 90404 Photo 1
1420 20 Th St, Santa Monica, CA 90404 Photo 2
1420 20 Th St, Santa Monica, CA 90404 Photo 3
1420 20 Th St, Santa Monica, CA 90404 Photo 4
1420 20 Th St, Santa Monica, CA 90404 Photo 5
1420 20 Th St, Santa Monica, CA 90404 Photo 6
1420 20 Th St, Santa Monica, CA 90404 Photo 7
0 Beds,
0.0 Baths,
0 sq ft,
15,000 sq ft lot
Built in 1949

Description

MLS# 18396084

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.

Description

MLS# 18396084

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.

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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: 10
STORIES TOTAL: 1
Land
ZONE: SMR2*
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