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2235 20th Street
Santa Monica, CA 90405
Sold
2235 20th Street
Santa Monica, CA 90405
Sold
Approved plans for two ADU units! Permits are READY TO ISSUE once fees are paid, meaning a buyer can break ground immediately upon closing. The addition of these units creates an exceptionally high cap rate for a multifamily property in prime Santa Monica! We are pleased to present for sale a high-quality multifamily asset in prime Santa Monica, CA. 2235 20th St was built in 1970 and features 6 units with a gross square footage of 7,009. These particularly large floorplans feature 1, 2, and 3-bedroom options. There is (1) large owner's unit with 3 bedrooms and 21/2 bathrooms, as well as (4) 2-bedroom, 2-bathroom units and (1) 1-bedroom, 1-bathroom unit. Two of the units have been highly upgraded to include kitchens with quartz counters and shaker cabinets, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring. There is parking for 9 vehicles with a 2-car garage and driveway in front and five carport spaces in the rear. The building also offers tenants a common laundry room and intercom entry. 20th St is perfectly situated just one block from Santa Monica College on a tree-lined street with mostly low-density residential properties. Given its proximity to the college and its central location in the Ocean Park neighborhood, 20th Street is highly desirable to students, faculty, or anyone else that values being walking distance to premier dining, nightlife, and retail options. For the savvy investor, 2235 20th St 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. 2235 20th St's assumable loan has an approximate balance of $835K with fully amortized monthly payments and a fixed rate of 3.30% until 10/1/2027.
PROPERTY INFORMATION
| MLS # | 24405291 | Lot Size | 6,745 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,600,000
Price Per SqFt: $ 371 |
DOM | 395 Days |
| Address | 2235 20th Street | Type | Residential Income |
| City | Santa Monica | Sq.Ft. | 7,009 Sq. Ft. |
| Postal Code | 90405 | Garage | N/A |
| County | Los Angeles | Year Built | 1970 |
| Bed / Bath | 12 / 0 | Parking | 7 |
| Built In | 1970 | Status | Closed |
| Sold Date | 2024-10-04 |
INTERIOR FEATURES
| Has Appliances | Yes |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 59 (Somewhat Walkable)
Transit Score: 50 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,773
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/18/2024 | Listed | $2,750,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Robert Renshaw, REMAX COMMERCIAL & INVESTMENT REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
