1422 20Th Street

  • Santa Monica

  • $2,175,000
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Residential Income Details

Description
1422 20th Street is a 5-unit bungalow style apartment community located in prime Santa Monica. Built in 1949, the property sits on a 7,500± square foot lot and is adjacent to 1420 20th Street (APN is 4275-009-005), joined by a large central courtyard. Currently, 3 out of the 5 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 5 units feature incredibly spacious, enclosed private patios and there are 6 parking spaces. 1422 20th St. can be purchased individually or together with 1420 20th for a total of 10 units (7 of which are vacant), with the potential for development of a 15,000± square foot lot; Zoned R2 (each of the two lots has 50 feet of frontage onto 20th Street). PROFORMA shown assumes that the 3 vacant units are at a market rent of $2600. Property Website in Pvt Remarks. See MLS #18-396084 for more information on 1420 20th Street.
Essential
MLS #18396104
Price$2,175,000
Number of Units5
Sale TypeStandard
StatusActive
Listing BrokerageBerkadia
Listing AgentAdrienne Barr
Listing Agent BRE #01308753
Interior
AppliancesRefrigerator
CoolingNone
Exterior
ParkingUncovered
Community
AreaC14 - Santa Monica
Address1422 20Th Street
CitySanta Monica
CountyLos Angeles
StateCA
ZipCode90404
School

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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.