Sold
1838 20TH Street
Santa Monica CA, 90404
$3,685,000
$641.09 per sqft
Sold
12 Beds
6 Baths
5,748 sqft
Residential
Built in 1963
Listed by Tamra (Tami) Pardee with Pardee Properties 310-907-6517
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.
22169539
MLSⓇ ID
June 17, 2022
Listed
March 23, 2024
Updated
Map
1838 20TH Street
Santa Monica CA, 90404
Interior Features
Total Stories
2
Bedrooms
12 Beds
Bathrooms
6 Baths
Interior Features
Ceiling Fan(s), Recessed Lighting
Appliances
Disposal, Microwave, Oven, Range, Refrigerator
Laundry Description
Common Area
Floor Description
Vinyl
Fireplace
Yes
Fireplace Description
None
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Landscaped
Architectual Style
Contemporary
Sewer
Other
School Information
School District
Santa Monica-Malibu Unified
Other Property Details
Area Name
C14 - Santa Monica
Days on Market
73
Garage
Yes
Garage Spaces
2
Parking
Attached Carport, Covered, Garage, On Street, Side By Side
Parking Total
6
View
No
View Description
None
County
Los Angeles
Pool
No
Pool Features
None
Zoning
SMR2*
Buyer Agency Compensation
2%
Listing Contact: 310-907-6517
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:35 AM UTC