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1838 20TH St

Santa Monica, CA 90404
  • $3,995,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 22-146573
UPDATED: 61 min ago
$3,995,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,748
    SQFT
  • $695
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

Description

A RARE INCOME OPPORTUNITY @ 4.4% PROJECTED CAP IN THE HEART OF SANTA MONICA! COMPLETELY RENOVATED BUILDING - this exceptional property, offers you tons of flexibility - bring new tenants at market rent, or live in one of the units and rent the others for passive income! This remodeled building has tastefully been updated and fully permitted! Blending warm functional design with a modern flair. //About this property: Located on a tree-lined street this property offers a great unit mix consisting of, (2) 2 Bdrm/1 Bath units plus a den that can function as a 3rd Bedroom, (3) 2 Bdrm/1 Bath units, and (1) existing 2 Bdrm/1 Bath unit that is currently the only unit rented. All 4 of the vacant units have been freshly updated with new AC split systems, double-paned windows, new electrical systems, vinyl flooring, and an abundance of natural light flowing throughout the spacious living areas. In addition, enjoy new recess lights, chic wallpaper, and new bathrooms with designer tiles. The kitchens feature brand-new stainless-steel appliances, two-toned, modern, glossy cabinets, and quartz countertops. A communal courtyard space is ideal for gathering or soaking up the sun outdoors. There is a surplus of parking, with 4 carport spaces and two 1 car private garages. The property also offers on-site laundry for all the tenants. //You'll Love: Each unit has its own personality, is turnkey, and in a well-desired location - you will love them all! //The Neighborhood: With easy access to everything, this location is everything! Seconds away from SMC, enjoy the park-like campus to relax or play. Only 1/2 mile to the beach, a short walk to the Expo Line, libraries, parks, the Farmers Market, 365 Wholefoods, and minutes to restaurants and shops on Ocean Park. **4 of the 6 units are being marketed for lease by Sellers**

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T18:43:30.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127855196
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1838 20TH St Santa Monica, CA 90404

  • Price: $3,995,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 61 min ago
  • MLS #: 22-146573
12
Beds
0
Baths
0
½ Baths
0.17
Acres
5,748
SQFT
$695
$/SQFT
1963
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
School District:
Santa Monica-Malibu Unified School District
Property Description
A RARE INCOME OPPORTUNITY @ 4.4% PROJECTED CAP IN THE HEART OF SANTA MONICA! COMPLETELY RENOVATED BUILDING - this exceptional property, offers you tons of flexibility - bring new tenants at market rent, or live in one of the units and rent the others for passive income! This remodeled building has tastefully been updated and fully permitted! Blending warm functional design with a modern flair. //About this property: Located on a tree-lined street this property offers a great unit mix consisting of, (2) 2 Bdrm/1 Bath units plus a den that can function as a 3rd Bedroom, (3) 2 Bdrm/1 Bath units, and (1) existing 2 Bdrm/1 Bath unit that is currently the only unit rented. All 4 of the vacant units have been freshly updated with new AC split systems, double-paned windows, new electrical systems, vinyl flooring, and an abundance of natural light flowing throughout the spacious living areas. In addition, enjoy new recess lights, chic wallpaper, and new bathrooms with designer tiles. The kitchens feature brand-new stainless-steel appliances, two-toned, modern, glossy cabinets, and quartz countertops. A communal courtyard space is ideal for gathering or soaking up the sun outdoors. There is a surplus of parking, with 4 carport spaces and two 1 car private garages. The property also offers on-site laundry for all the tenants. //You'll Love: Each unit has its own personality, is turnkey, and in a well-desired location - you will love them all! //The Neighborhood: With easy access to everything, this location is everything! Seconds away from SMC, enjoy the park-like campus to relax or play. Only 1/2 mile to the beach, a short walk to the Expo Line, libraries, parks, the Farmers Market, 365 Wholefoods, and minutes to restaurants and shops on Ocean Park. **4 of the 6 units are being marketed for lease by Sellers**
Exterior Features

Carport Spaces Total 4 Levels Two Lot Description FencedFenced YardLandscaped Lot Size Area 7595 Other Structures None Parking Garage Carport AttachedGarageSide By SideGarage Is AttachedCovered ParkingOn Street Patio Features Patio Open Pool Description None Pool YN No Spa None Spa YN No Style Contemporary Tennis Court None Tennis YN No Total Parking 6 View Description None View YN No Water Frontage None

Interior Features

Bathroom Features Shower Over Tub Baths Total 6.00 Cooking Appliances MicrowaveRangeOven Cooling OtherAir Conditioning Den No Dining Room No Equipment Ceiling FanMicrowaveFreezerRange/OvenRefrigeratorGarbage Disposal Family Room No Fireplace Rooms None Flooring Vinyl Heating Wall Interior Features TurnkeyCommon WallsRecessed Lighting Kitchen Features Quartz Counters Laundry Laundry AreaCommunity Rooms Dining AreaLiving RoomMaster Bedroom Windows Double Pane Windows

Property Features

Gross Income 0 Gross Operating Income 0 Like Units1 2 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 6 Property Condition Updated/Remodeled Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke DetectorGated Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Cable TvElectricityGasMove In FeeMove Out FeeWaterTrash Collection Total Annual Expense 0 Type Of Units 6 Units Water Public Year Built Source Assessor Zoning Smr2*

Listing provided courtesy of Tamra (Tami) Pardee DRE#01421451 of Pardee Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T18:43:30.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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