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1838 20th St, Santa Monica, CA 90404

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For Sale

$3,895,000

12 beds • 5,748 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $677.63
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

1031 Exchange and Passive Income Investors: Park your cash in this turnkey, fully renovated six-unit building with TWO VACANT UNITS in a prime Santa Monica location and a projected 4 - 5% CAP! Offering both stability and flexibility, this property is ideal for investors and owner-users alike - two vacant units are ready to rent at market rates or occupy for the perfect blend of income and coastal living. Fully remodeled from top to bottom, this building is truly turnkey - a dream for those seeking a low-maintenance, high-return investment in one of the Westside's most sought-after rental markets. The unit mix includes (2) 2-bedroom + den units - each with flexible space that can function as a third bedroom, and (4) classic 2-bedroom/1-bath layouts. Five of the six units have been newly updated with split-system A/C, double-paned windows, upgraded electrical, sleek vinyl flooring, and abundant natural light. Tenants will love the modern touches throughout, from recessed lighting and chic wallpaper to designer-tiled bathrooms. The kitchens shine with brand-new stainless-steel appliances, two-toned glossy cabinetry, and quartz countertops. A sunny communal courtyard offers the perfect outdoor hangout for tenants, while the property also features TONS of parking with four covered carport spaces, two private one-car garages, and on-site laundry for additional income. Each unit has its own unique character- an unbeatable combination in one of LA's most desirable coastal markets. Just half a mile from the beach and minutes to Ocean Park's vibrant restaurants, cafes, Whole Foods, the Farmers Market, and the Expo Line. A true Santa Monica gem offering the best of both worlds: effortless income, long-term growth, and the coastal lifestyle everyone wants.
MLS# 25605965

Courtesy Of Pardee Properties

(310) 907-6517

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Microwave, Range
  • Architecture Style
    Contemporary
  • Floor Covering
    Vinyl
  • Lot Size
    0.17 Acres
  • Rooms
    Living Room

Map and Directions

Directions to 1838 20th St, Santa Monica, CA 90404

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.