1838 20th Street

Santa Monica, CA 90404

$3,685,000
Last Sold Price
12
Beds
6
Baths
5,748 Sq. Ft.
$641 / Sq. Ft.
5,748
Sq. Ft.
$641
per Sq. Ft.

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.
  1. Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Samantha Kinnon • DRE #01858397 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 1838 20th Street

Water Front
None
Zoning
SMR2*
Style
Contemporary
Parcel Number
4274011015
Total Units
6.0
Living Area
5748
Source Living Area
Assessor
Area
Santa Monica (C14)

Location

Listing Courtesy of Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Samantha Kinnon, DRE #01858397

Sold By Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Emma Russell, DRE #02007330

Add your commute
LISTING UPDATED: 10/17/2022 09:27 AM

Property Details for 1838 20th Street

StatusSold
MLS #22-169539
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.17 AC / 7,595 SF
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Samantha Kinnon, DRE #01858397

Sold By Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Emma Russell, DRE #02007330

Add your commute

Building Information for 1838 20th Street

Stories2Residences-Year Built1963Building Size-Lot Size0.17 AC / 7,595 SF

Payment Calculator

$23,818 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,111

Property Taxes

$3,707

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1838 20th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 6 units
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Gated
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Listing Broker Advantage, Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $188,631.00
  • Gross Income: $251,508
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $14.65
  • Total Annual Expense: 62877
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1744
  • Lot Size Square Feet: 7595
  • Lot Features: Landscaped
  • Lot Description: Fenced, Fenced Yard, Landscaped
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Garage, Side By Side, Garage Is Attached, Covered Parking, On street
  • Total Parking: 6
  • Garage Spaces Total: 2
  • Carport Spaces Total: 4
  • Parking Features: Attached Carport, Garage, Side by Side, Covered, Street
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Living Room, Master Bathroom
  • Rooms: Dining Area, Living Room, Master Bedroom
  • Levels: Two, Mid Level
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other, Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Vinyl
  • Equipment: Ceiling Fan, Microwave, Freezer, Range/Oven, Refrigerator, Garbage Disposal
  • Interior Features: Turnkey, Common Walls, Recessed Lighting
  • Kitchen Features: Quartz Counters
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: Microwave, Range, Oven
  • Laundry: Laundry Area, Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Patio Open
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-17-2022
  • Listing Terms: Cash, Cash To New Loan
  • Tenant Pays: Cable TV, Electricity, Gas, Move In Fee, Move Out Fee, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,695.00
  • Unit Actual Rent: $4,695.00
  • Unit Projected Rent: $4,695.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,795.00
  • Unit Actual Rent: $3,795.00
  • Unit Projected Rent: $3,795.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $724.00
  • Unit Actual Rent: $724.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,745.00
  • Unit Actual Rent: $3,745.00
  • Unit Projected Rent: $3,745.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,250.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 1838 20th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Samantha Kinnon, DRE #01858397

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.