1838 20th Street
1838 20th Street
$3,685,000
12
6
5,748
5,748
$641
Sold 10/12/22
Description
1031 exchange and passive income re investors: park your cash for a 5% cap in this turn-key, newly renovated six-unit building in a prime santa monica location! With the units rented for above-market rents, this is your opportunity to own a true turn-key, cash-flowing property by the Close of Escrow. Fully remodeled, this building is turn-key, and a dream for passive income investors wanting to park their cash, sign the papers, turn the keys right over to their property manager, and collect their...1031 exchange and passive income re investors: park your cash for a 5% cap in this turn-key, newly renovated six-unit building in a prime santa monica location! With the units rented for above-market rents, this is your opportunity to own a true turn-key, cash-flowing property by the Close of Escrow. Fully remodeled, this building is turn-key, and a dream for passive income investors wanting to park their cash, sign the papers, turn the keys right over to their property manager, and collect their monthly income. //About this property: Santa Monica is ideal for landlords as it offers plenty of tech job growth in an already stabilized rental market. This property's units mix includes (2) 2 Bdrm/1 Bath + den units, which each have a den that can function as a 3rd Bedroom, and (4) regular 2 Bdrm/1 Bath units. Five (5) of the units have been freshly updated with new AC split systems, double-paned windows, new electrical systems, vinyl flooring, and an abundance of natural light flowing throughout the spacious living areas. Tenants will love new recessed lights, chic wallpaper, and new bathrooms with designer tiles, allowing you to capture above-market rents. The kitchens feature brand-new stainless-steel appliances, two-toned, modern, glossy cabinets, and quartz countertops. A communal courtyard space is ideal for tenants looking for a lovely outdoor space to hang out or soak up the sun outdoors. Each unit includes one space with 4 carport spaces and two 1 car private garages. The property also offers on-site laundry for all the tenants, for additional monthly income. //You'll Love: Each unit has its own personality, is turnkey, and in a well-desired location - you will love them all! //The Neighborhood: Santa Monica offers a high-demand rental market with tech job corridors nearby along Ocean Park Blvd and Olympic Blvd. Plus, tenants have a plethora of options nearby: only 1/2 mile to the beach and moments from the Expo Line, libraries, parks, the Farmers Market, 365 Whole Foods Market, and minutes to restaurants and shops on Ocean Park Blvd.
- Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties
- Listed by Samantha Kinnon • DRE #01858397 • Brokerage DRE #01421451 • Pardee Properties
Property Details for 1838 20th Street
Water Front
None
ZoningSMR2*
StyleContemporary
Parcel Number4274011015
Total Units6.0
Living Area5748
Source Living AreaAssessor
AreaSanta Monica (C14)
Location
LISTING UPDATED: 10/17/2022 09:27 AM
Property Details for 1838 20th Street
Status | Sold |
---|---|
MLS # | 22-169539 |
Days on Market | 73 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.17 AC / 7,595 SF |
County | Los Angeles County |
Location
Building Information for 1838 20th Street
Stories2Residences-Year Built1963Building Size-Lot Size0.17 AC / 7,595 SF
Payment Calculator
$23,818 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1838 20th Street
Property History for 1838 20th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1838 20th Street
Taxable ValueLand$2,580,000Additions$1,105,000Total$3,685,000
Tax Record2023$44,479 ($3,707 / month)
Home Facts
Total Finished SqFt5,748 SqFtAbove Grade Finished SqFt5,748 SqFtLot Size7,595 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningSMR2*CountyLOS ANGELESAPN4274-011-015
Schools near 1838 20th Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Will Rogers Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Juan Cabrillo Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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