$2,750,000 Price Analysis   ♡   Santa Monica, CA 90405 12 bed 12 bath 7,009 SqFt ($392/SqFt) 6,745SqFt lot. Built 1970 Listed 2024-06-18, Taxes $27,571 | Ⓧ USDA Ineligible due to price & location near 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 drivewy 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 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.
Presented by Robert Renshaw at
RE MAX Commercial & Investment Realty.
Property MLS #24-405291 from TheMLSCLAW
Full Bathrooms: 12
Lot Size Source: Assessor
Lot Size Square Feet: 6745
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2.5, 1 SquareFeet: 4495, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 15580, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2895
County: Los Angeles
Cap Rate: 4.1
Directions: Between Pearl and Pico
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Parcel Number: 4273-003-019
Postal Code Plus 4: 1744
Zoning: SMR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,051,178 + $1,156,295 $2,207,473 | $27,571 |
| 2021 | $1,030,567 + $1,133,623 $2,164,190 | $26,877 |
| 2020 | $1,020,000 + $1,122,000 $2,142,000 | $26,706 |
| 2019 | $486,050 + $155,402 $641,452 | $9,256 |
| 2018 | $476,520 + $152,355 $628,875 | $8,667 |
| 2017 | $467,177 + $149,368 $616,545 | $8,574 |
| 2016 | $458,017 + $146,440 $604,457 | $8,235 |
| 2015 | $451,138 + $144,241 $595,379 | $8,132 |
| 2014 | $442,301 + $141,416 $583,717 | $8,072 |
| 2013 | $440,303 + $140,777 $581,080 | $8,017 |
| 2012 | $431,670 + $138,017 $569,687 | $7,850 |
| 2010 | $423,206 + $135,311 $558,517 | $7,564 |
| 2009 | $421,042 + $134,620 $555,662 | $7,392 |
| 2009 | $420,044 + $134,300 $554,344 | $7,392 |
| 2008 | $412,787 + $131,981 $544,768 | $7,246 |
| 2007 | $404,694 + $129,394 $534,088 | $7,127 |
$2,750,000
TheMLSCLAW
Sold 2019-01-29
$2,100,000
Public Record
Listing removed 2014-03-28
$1,950
WestsideRentals
Listed for rent 2014-03-19
$1,950
WestsideRentals
Year Built: 1970
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 54
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.