Residential Income Details
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 15,000Ã‚Â± 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 15,000Ã‚Â± 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.
|Number of Units||10|
|Listing Agent||Adrienne Barr|
|Listing Agent BRE #||01308753|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, October 19, 2018.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Information from sources other than the Listing Agent may have been included in the MLS data.
Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.