1829 20Th St, Santa Monica, CA 90404

6 Unit Apartment Building | $2,725,000 ($454,167/Unit) | 4.05% Cap Rate | Santa Monica, CA 90404

Asking Price $2,725,000

Property Type: Multifamily
Square Feet: 5,203 SF

Listing Contacts

Jake Plewa

Verified Profile

Property Info

Property Overview

PRICE REDUCTION. Jake Plewa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present for sale a high-quality multifamily asset in prime Santa Monica. Built in 1962 and featuring 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.

Property Details

Class: C
Year Built/Renovated: 1962/2021
Stories: 2
Lot Size (sq. ft): 6,970 SF
Units: 6

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6 Unit Apartment Building | $2,725,000 ($454,167/Unit) | 4.05% Cap Rate | Santa Monica, CA 90404

1829 20Th St
Santa Monica, CA 90404

View Details

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