Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

3,882 sqft

Lot size

8,006 sqft

Year built

1952

Stories

2

Heating

Floor Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

69

MLS #

245192057

About this property

Front unit is vacant and can be viewed anytime. 914 20th Street presents a rare opportunity to acquire a charming six-unit bungalow-style apartment complex in one of Santa Monica's most desirable North of Wilshire locations, less than 1.25 blocks from Montana Avenue. The property features an excellent unit mix consisting of five 1-bedroom / 1-bath cottage-style units and one 2-bedroom / 2-bath unit located above the garages. Each 1-bedroom bungalow offers two private enclosed patios, creating exceptional indoor-outdoor living rarely found in multifamily properties. There are no upstairs or downstairs neighbors for any of the units. All units have hardwood floors throughout, in-unit washer and dryer, and open kitchens equipped with refrigerator, range, and dishwasher. The interiors are well-maintained and highly appealing to quality tenants seeking private outdoor space. The property includes five (5) on-site garage parking spaces (two private single-car garages plus a secured community garage for three cars), gated access, and EQ retrofit work completed for the parking structure. Newer roof (2018) and electrical (2023). The building is surrounded by mature landscaping and offers excellent privacy from neighboring properties. Situated on an approximately 8,003 square foot lot in an unmatched location. Just minutes from Montana Avenue shops and restaurants, the Brentwood Farmers Market, Third Street Promenade, and the beach. Located within the Franklin Elementary School district. A truly rare investment opportunity offering bungalow-style living, private outdoor space, parking, and upside potential in one of Santa Monica's premier neighborhoods. The monetary figures in the listings are estimates; Buyer to perform own due diligence.

Location

914 20th Street

Santa Monica, Los Angeles, CA, 90403