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1838 20TH Street

Santa Monica, CA 90404
  • $3,995,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: 22146573
UPDATED: 72 min ago
$3,995,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Tamra (Tami) Pardee of Pardee Properties (310-907-6517) and Paige Ogden of Pardee Properties(310-907-6517)


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 California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127856192
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1838 20TH Street Santa Monica, CA 90404

  • Price: $3,995,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 72 min ago
  • ID#: 22146573
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1963
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
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

Architectural Style Contemporary Carport Spaces 4 Carport YN Yes Lot Features Landscaped Parking Features Attached CarportCoveredGarageOn StreetSide By Side Parking Total 6 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DisposalMicrowaveOvenRangeRefrigerator Fireplace Features None Fireplace YN No Flooring Vinyl Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Recessed Lighting Window Features Double Pane Windows

Property Features

Association Fee 0 Buyer Financing Cash Community Features Gated Disclosures Listing Broker AdvantageSeller Disclosure Garage YN Yes Gross Income 0 Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 0 New Construction YN No Possession Close Of Escrow Property Condition Updated/Remodeled Security Features Carbon Monoxide Detector(S)Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash CollectionWater Zoning Smr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Tamra (Tami) Pardee of Pardee Properties (310-907-6517) and Paige Ogden of Pardee Properties(310-907-6517)