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    1420 20Th St

    Santa Monica, CA 90404
    • $4,290,000
    • STATUS: Active Under Contract
    • ON SITE: 203 days
    • MLS #: 21-677508
    Under Contract
    UPDATED: 54 min ago
    $4,290,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,881
      SQFT
    • $729
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    1420-1422 20th Street sits on two parcels totaling 14,999 SqFt. Due to being on two parcels, a new investor has the ability to add 4 ADU's (two per parcel). The cost per unit after adding the ADU's would be $306,428/unit. There are three units currently occupied in the building, but one has verbally committed to a Buyout for $35,000. 7 units are vacant and 4 of them have been nicely remodeled with modern finishes and quartz counter tops(see photos). Many of this information was discovered during escrow including the Seller Financing. Escrow canceled due the the Buyer's downleg not closing. If you have a client interested, contact the listing agent for a property tour.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T17:43:02.577. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/113087261
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    1420 20Th St Santa Monica, CA 90404

    • Price: $4,290,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • MLS #: 21-677508
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,881
    SQFT
    $729
    $/SQFT
    1949
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    1420-1422 20th Street sits on two parcels totaling 14,999 SqFt. Due to being on two parcels, a new investor has the ability to add 4 ADU's (two per parcel). The cost per unit after adding the ADU's would be $306,428/unit. There are three units currently occupied in the building, but one has verbally committed to a Buyout for $35,000. 7 units are vacant and 4 of them have been nicely remodeled with modern finishes and quartz counter tops(see photos). Many of this information was discovered during escrow including the Seller Financing. Escrow canceled due the the Buyer's downleg not closing. If you have a client interested, contact the listing agent for a property tour.
    Exterior Features

    Lot Size Area 14999 Other Structures None Parking Garage Uncovered Style Bungalow Total Parking 5

    Interior Features

    Baths Total 10.00 Cooling None Equipment None Heating Wall

    Property Features

    Assessed Total Value 1573007 Gross Income 212400 Gross Operating Income 212400 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 7 Net Operating Income 115909.00 Number Of Buildings 2 Number Of Units 10 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 90119 Type Of Units 0+1 Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T17:43:02.577. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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