Santa Monica, CA 90404 1829 20th Street
$2,725,000
3 more
Presented By: Jacob Plewa with REMAX COMMERCIAL & INVESTMENT REALTY;
Home Details
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.
Presented By: Jacob Plewa with REMAX COMMERCIAL & INVESTMENT REALTY;
Interior Features for 1829 20th Street
Bedrooms
Total Bedrooms
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories
General for 1829 20th Street
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Microwave, Dryer
Attached Garage No
Cap Rate4.05
Carport Y/NNo
CitySanta Monica
CountyLos Angeles
Days on Market43
DirectionsWest of Delaware & South of 10 Freeway
Full Baths
Garage Y/NNo
Gross Income162023.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet6795.0
Lot Size UnitsSquareFeet
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income110494.0
New ConstructionNo
NumberOfUnitsTotal6
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built1962
ZoningSMR2*
Exterior for 1829 20th Street
Building Area Total5203.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.156
Lot Size Area6795.0
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480