Active
2235 20th St
Santa Monica CA, 90405
$2,600,000
$370.95 per sqft
Active
12 Beds
12 Baths
7,009 sqft
Multi-family
Built in 1970
Approved plans for two ADU units! Permits are READY TO ISSUE once fees are paid, meaning a buyer can break ground immediately upon closing. The addition of these units creates an exceptionally high cap rate for a multifamily property in prime Santa Monica! We are pleased to present for sale a high-quality multifamily asset in prime Santa Monica, CA. 2235 20th St was built in 1970 and features 6 units with a gross square footage of 7,009. These particularly large floorplans feature 1, 2, and 3-bedroom options. There is (1) large owner's unit with 3 bedrooms and 21/2 bathrooms, as well as (4) 2-bedroom, 2-bathroom units and (1) 1-bedroom, 1-bathroom unit. Two of the units have been highly upgraded to include kitchens with quartz counters and shaker cabinets, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring. There is parking for 9 vehicles with a 2-car garage and driveway in front and five carport spaces in the rear. The building also offers tenants a common laundry room and intercom entry. 20th St is perfectly situated just one block from Santa Monica College on a tree-lined street with mostly low-density residential properties. Given its proximity to the college and its central location in the Ocean Park neighborhood, 20th Street is highly desirable to students, faculty, or anyone else that values being walking distance to premier dining, nightlife, and retail options. For the savvy investor, 2235 20th St provides a well-managed and highly sought after property with significant future upside potential in one of the most desirable locations Los Angeles has to offer. 2235 20th St's assumable loan has an approximate balance of $835K with fully amortized monthly payments and a fixed rate of 3.30% until 10/1/2027.
24-405291
MLSⓇ ID
June 18, 2024
Listed
September 5, 2024
Updated
Map
2235 20th St
Santa Monica CA, 90405
Interior Features
Total Stories
0
Bedrooms
12
Total Bathrooms
12
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
Santa Monica
Days on Market
79
Garage
Yes
Parking
Carport, Garage
Parking Total
7
View
No
County
Los Angeles
Pool
No
Zoning
SMR2*
Listed by Robert Renshaw with REMAX COMMERCIAL & INVESTMENT REALTY
Listing Contact: 424-293-4770
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gary Glass | CA DRE# 00933169 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/5/2024