Listed by Samantha Kinnon, Pardee Properties,

1838 20TH Street

Santa Monica, CA, 90404

$3,685,000

$641 per ft²
$3,685,000
$641 per ft²
Pending
Pending
 - For Sale
beds
12 Beds
baths
6 Baths
carpenters-square
5,748 ft²
property_type
Multi-family
calendar
Built 1963
1031 EXCHANGE AND PASSIVE INCOME RE INVESTORS: PARK YOUR CASH FOR A 5% CAP IN THIS TURN-KEY, NEWLY RENOVATED SIX-UNIT BUILDING IN A PRIME SANTA MONICA LOCATION! With the units rented for above-market rents, this is your opportunity to own a true turn-key, cash-flowing property by the Close of Escrow. Fully remodeled, this building is turn-key, and a dream for passive income investors wanting to park their cash, sign the papers, turn the keys right over to their property manager, and collect their monthly income. //About this property: Santa Monica is ideal for landlords as it offers plenty of tech job growth in an already stabilized rental market. This property's units mix includes (2) 2 Bdrm/1 Bath + den units, which each have a den that can function as a 3rd Bedroom, and (4) regular 2 Bdrm/1 Bath units. Five (5) of the 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. Tenants will love new recessed lights, chic wallpaper, and new bathrooms with designer tiles, allowing you to capture above-market rents. The kitchens feature brand-new stainless-steel appliances, two-toned, modern, glossy cabinets, and quartz countertops. A communal courtyard space is ideal for tenants looking for a lovely outdoor space to hang out or soak up the sun outdoors. Each unit includes one space with 4 carport spaces and two 1 car private garages. The property also offers on-site laundry for all the tenants, for additional monthly income. //You'll Love: Each unit has its own personality, is turnkey, and in a well-desired location - you will love them all! //The Neighborhood: Santa Monica offers a high-demand rental market with tech job corridors nearby along Ocean Park Blvd and Olympic Blvd. Plus, tenants have a plethora of options nearby: only 1/2 mile to the beach and moments from the Expo Line, libraries, parks, the Farmers Market, 365 Whole Foods Market, and minutes to restaurants and shops on Ocean Park Blvd.
MLS® ID:
22169539
Listed:
6/16/22
Updated:
9/24/22

Interior Features

Kitchen Appliances
Disposal, Microwave, Oven, Range, Refrigerator
Total Bedrooms
12
Total Bathrooms
6
Interior Features
Ceiling Fan(s), Recessed Lighting
Laundry Description
Common Area
Floor Description
Vinyl
Fireplace
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
7,595 ft² lot
Exterior Features
Open, Patio
Architectural Style
Contemporary
Lot Details
Landscaped
Sewer
Other

School Information

High School
Santa Monica-Malibu Unified

Other Property Details

Area Name
C14 - Santa Monica
HOA Amenities
Gated
Garage
Yes
Garage Spaces
2
Parking
Attached Carport, Covered, Garage, On Street, Side By Side
Parking Total
6.0
View
Y
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
SMR2*

Property History

Date
Event
Price
Value
9/22/22
Pending
-
-
8/29/22
Active Under Contract
-
-
7/28/22
Price Change
$3,685,000
-2%

 

Listed by Samantha Kinnon, Pardee Properties,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/24/22. 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.

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Data last updated 3:26 PM UTC, 9/24/22

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