Address
1838 20Th Street, Santa Monica, CA
Price
$ 3,685,000
Property Attributes
  • MLS#22169539
  • TypePending
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90404
  • StyleContemporary
  • Price$ 3,685,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5748
  • Lot Size7,595 SqFt
Data Source:
Combined LA/Westside MLS (CLAW)
Property Description

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.

Price History
6/18/2022 Listed $3,795,000
7/29/2022 3% - $3,685,000

General Features

Appliances Disposal, Microwave, Oven, Range, Refrigerator
Architectural Style Contemporary
Attached Garage Yes
Carport Spaces 4
Carport Y/N Yes
Co-Listing Agent State License # 01858397
Community Features Gated
Garage Spaces, Detached Garage 2
Garage Y/N Yes
Heating Wall Furnace
High School District Santa Monica-Malibu Unified
Interior Features Ceiling Fan(s), Recessed Lighting
Levels Two
Listing Agent Samantha Kinnon - BRE#01858397
Listing Agent State License 01858397
ListingTerms Cash
Lot Size Square Feet 7595
MLS Area C14 - Santa Monica
Patio/Porch Features Open, Patio
Pool Features None
Property Condition Updated/Remodeled
Property Type Residential Income
Security Features Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Senior Community Y/N No
Sewer Other
Spa Features None
Special Listing Conditions Standard
Status Pending
Stories 2
Total Units 6
View None
Virtual Tour https://my.matterport.com/show/?m=KBAxeiZDwwf
Zoning SMR2*

Interior Features

Fireplace Features None
Flooring Vinyl
Heating Y/N Yes
Laundry Features Common Area
Total Baths 6
Total Bedrooms 12
Window Features Double Pane Windows

Exterior Features

Living Area 5748
Lot Features Landscaped
Lot Size Acres 0.1744
Lot Size Area 7595
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Attached Carport, Covered, Garage, On Street, Side By Side
Total Parking 6

Room Details

Room Dimensions Level Flooring Details
Living Room
Master Bathroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90404

Price
AVG $2.77M
$3.69M
Visits
AVG 29
34
Year Built
AVG 1971
1963
Walkscore
AVG 84
78
Data Provided by Walkscore ® not using MLS data

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