$2,850,000 Price Analysis   ♡   Santa Monica, CA 90404 0 bed None bath 5,203 SqFt ($547/SqFt) 6,795SqFt lot. Built 1962 Listed 2024-07-23, Taxes $20,082 | Ⓧ USDA Ineligible due to price & location near Santa Monica |
INCREDIBLE ASSUMABLE FINANCING.
This high-quality multifamily asset in prime Santa Monica was built in 1962 and features 6 units with a gross square footage of 5, 203. These roomy 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 south of the 10 Freeway with easy access to both the beach and the greater Westside.
Downtown Santa Monica is 2 miles to the wes t while West LA and the 405 freeway le 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 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.
Presented by Jacob Plewa at
RE MAX Commercial & Investment Realty.
Property MLS #24-418677 from TheMLSCLAW
Heating Features: Central
Garage Description: Garage - 4+ Car
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6795
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 4950, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 9750, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 5900
County: Los Angeles
Cap Rate: 3.5
Directions: West of Delaware & South of 10 Freeway
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Parcel Number: 4274-010-024
Zoning: SMR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $417,742 + $1,160,399 $1,578,141 | $20,082 |
| 2021 | $409,551 + $1,137,647 $1,547,198 | $19,573 |
| 2020 | $405,352 + $1,125,982 $1,531,334 | $19,501 |
| 2019 | $397,404 + $1,103,904 $1,501,308 | $19,260 |
| 2018 | $528,132 + $1,457,646 $1,985,778 | $23,914 |
| 2017 | $517,777 + $1,429,065 $1,946,842 | $23,767 |
| 2016 | $374,484 + $1,040,235 $1,414,719 | $17,368 |
| 2015 | $368,859 + $1,024,610 $1,393,469 | $17,147 |
| 2014 | $361,634 + $1,004,540 $1,366,174 | $16,945 |
| 2013 | $183,600 + $816,000 $999,600 | $4,101 |
| 2012 | $180,000 + $800,000 $980,000 | $12,444 |
| 2010 | $332,926 + $721,341 $1,054,267 | $13,109 |
| 2009 | $331,223 + $717,651 $1,048,874 | $12,819 |
| 2009 | $330,438 + $715,950 $1,046,388 | $12,819 |
| 2008 | $324,729 + $703,580 $1,028,309 | $12,544 |
| 2007 | $318,362 + $689,785 $1,008,147 | $12,383 |
$2,850,000
TheMLSCLAW
Listing removed 2018-10-19
$1,650,000
CRISNET
Listing removed 2018-10-19
$1,900,000
CRISNET
Listing removed 2013-03-19
$1,375,000
ITECH
Sold 2013-01-02
$1,360,000
Public Record
Listing removed 2012-10-08
$1,375,000
TheMLSCLAW
Listed 2012-08-09
$1,375,000
ITECH
Listed 2012-08-09
$1,375,000
TheMLSCLAW
Listing removed 2011-12-30
$1,275,000
ITECH
Sold 2011-12-28
$980,000
Public Record
Listing removed 2011-12-14
$1,275,000
TheMLSCLAW
Listed 2011-09-02
$1,275,000
ITECH
Listed 2011-09-02
$1,275,000
TheMLSCLAW
Listing removed 2009-11-01
$1,600,000
TheMLSCLAW
Listing removed 2009-10-31
$1,600,000
ITECH
Price Changed 2009-10-18
$1,600,000
TheMLSCLAW
Listed 2009-04-30
$1,900,000
TheMLSCLAW
Listed 2009-04-27
$1,600,000
ITECH
Listing removed 2009-02-01
$1,650,000
SoCalMLS
Listing removed 2009-02-01
$1,650,000
CRISNET
Listing removed 2009-02-01
$1,650,000
ITECH
Listed 2009-01-17
$1,650,000
SoCalMLS
Listed 2008-08-19
$1,650,000
CRISNET
Listed 2008-08-19
$1,650,000
ITECH
Listing removed 2008-07-01
$1,900,000
CRISNET
Listing removed 2008-07-01
$1,900,000
ITECH
Listed 2008-02-06
$1,900,000
CRISNET
Listed 2008-02-06
$1,900,000
ITECH
Sold 2003-11-07
$950,000
ITECH
Listed 2003-07-23
$950,000
ITECH
Sold 1997-10-17
$325,000
ITECH
Listed 1997-07-30
$350,000
ITECH
Sold 1988-04-18
$275,000
Public Record
Year Built: 1962
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 62
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.