1829 20th Street

Santa Monica, CA 90404

$2,850,000
Price
6
Beds
4
Baths
5,203 Sq. Ft.
$548 / Sq. Ft.
5,203
Sq. Ft.
$548
per Sq. Ft.

Description

Incredible assumable financing. This high-quality multifamily asset in prime Santa Monica was built in 1962 and features 6 units with a gross square footage of 5,203. These spacious floor plans feature 1, 2 and 3-bedroom options. Most of the units have been highly upgraded to include kitchens with quartz counters, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring and recessed lighting. 1829 20th Street is ideally located just south of the 10 Freeway with easy...Incredible assumable financing. This high-quality multifamily asset in prime Santa Monica was built in 1962 and features 6 units with a gross square footage of 5,203. These spacious floor plans feature 1, 2 and 3-bedroom options. Most of the units have been highly upgraded to include kitchens with quartz counters, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring and recessed lighting. 1829 20th Street is ideally located just south of the 10 Freeway with easy access to both the beach and the greater Westside. Downtown Santa Monica is 2 miles to the west while West LA and the 405 freeway lie only 1.5 miles east. 20th Street is also walking distance to many neighborhood attractions including outstanding restaurants, bars, and retail along Santa Monica Blvd, Broadway, and Wilshire Boulevard just to the north. For the savvy investor, 1829 20th Street 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.1829 20th St's assumable loan has an approximate balance of $946K with fully amortized payments and a fixed rate of 2.97% until 12/1/2026.
  1. Listed by Jacob Plewa • DRE #02041641 • Brokerage DRE #01164364 • REMAX COMMERCIAL & INVESTMENT REALTY

Property Details for 1829 20th Street

Zoning
SMR2*
Parcel Number
4274010024
Total Units
6.0
Living Area
5203
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
6795
LISTING UPDATED: 07/31/2024 12:01 AM

Property Details for 1829 20th Street

StatusActive
MLS #24-418677
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.16 AC / 6,795 SF
CountyLos Angeles County

Building Information for 1829 20th Street

Stories-Residences-Year Built1962Building Size-Lot Size0.16 AC / 6,795 SF

Property Information for 1829 20th Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $157,213
  • Net Operating Income: $98,806.00
  • Gross Income: $161,580
  • Cap Rate: 3.50%
  • Gross Rent Multiplier: $17.64
  • Total Annual Expense: 58407
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.156
  • Lot Size Square Feet: 6795
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Built-Ins, Dishwasher, Dryer, Microwave, Garbage Disposal
  • Laundry: Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,130.00
  • Unit Actual Rent: $3,130.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,322.00
  • Unit Actual Rent: $6,965.00
  • Unit Projected Rent: $9,750.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,685.00
  • Unit Actual Rent: $3,370.00
  • Unit Projected Rent: $5,900.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $426,096.00
  • Assessed Improvement Percent: 26.47
  • Assessed Land Value: $1,183,606.00
  • Assessed Land Percent: 73.53
  • Assessed Total Value: $1,609,702.00

Property History for 1829 20th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1829 20th Street

Taxable ValueLand$1,207,278Additions$434,617Total$1,641,895
Tax Record2023$20,336 ($1,695 / month)
Home Facts
Total Finished SqFt5,203 SqFtAbove Grade Finished SqFt5,203 SqFtLot Size6,774 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningSMR2*CountyLOS ANGELESAPN4274-010-024

Schools near 1829 20th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Edison Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Juan Cabrillo Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1829 20th Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on July 23, 2024 by REMAX COMMERCIAL & INVESTMENT REALTY, it's currently listed at $2,850,000. It has been on the market for a total of 59 days and was last sold on December 17, 2012. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Edison Elementary School, John Adams Middle School and Santa Monica High School. 1829 20th Street is a 6-bed, 4-bath, 5,203 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa, DRE #02041641

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.