938 20th Street

Santa Monica, CA 90403

$4,650,000
Price
16
Beds
16
Baths
9,230 Sq. Ft.
$504 / Sq. Ft.
9,230
Sq. Ft.
$504
per Sq. Ft.

Description

$150,000 price reduction! Ultimate OWNER/USER opportunity in the Franklin School District of Santa Monica! True pride of ownership building located steps to Montana Ave and North of Wilshire. Front owner townhome is a 3 bed + 3 bath with approx. 2,300 sf of living space and a huge 2-car attached garage with separate laundry area, just for this unit. Perfect layout for a family and has a lovely front patio area. Large building with over 9,200 sf of living area on an 8,000 sf lot. Excellent unit mix...$150,000 price reduction! Ultimate OWNER/USER opportunity in the Franklin School District of Santa Monica! True pride of ownership building located steps to Montana Ave and North of Wilshire. Front owner townhome is a 3 bed + 3 bath with approx. 2,300 sf of living space and a huge 2-car attached garage with separate laundry area, just for this unit. Perfect layout for a family and has a lovely front patio area. Large building with over 9,200 sf of living area on an 8,000 sf lot. Excellent unit mix consisting of (1) 3 bed +3 bath owner townhouse, (2) 3 bed + 3 bath, (3) 2 bed + 2 bath, and (1) 1 bed + 1 bath. Excellent parking with 7 individual spaces and 13 spaces total if used as tandem. Every unit comes with a storage unit in the parking area. Gated entry for added security. Substantial capital improvements to the entire building including copper plumbing, dual pane windows throughout, new electrical panel, interior remodels, and more. Soft-story retrofit was completed after earthquake and is not required. Subject to Santa Monica rent control.
  1. Listed by David Schuchman • DRE #01472937 • Brokerage DRE #00270969 • Roque & Mark Company, Inc.

Property Details for 938 20th Street

Water Front
None
Zoning
SMR2*
Style
Traditional
Cross Streets
20th and Idaho Ave.
Parcel Number
4277011008
Total Units
7.0
Living Area
9230
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Roque & Mark Company, Inc., David Schuchman, DRE #01472937
Add your commute
LISTING UPDATED: 04/16/2024 10:15 AM

Property Details for 938 20th Street

StatusActive
MLS #24-353601
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.18 AC / 7,998 SF
CountyLos Angeles County

Location

Listing Courtesy of Roque & Mark Company, Inc., David Schuchman, DRE #01472937
Add your commute

Building Information for 938 20th Street

Stories2Residences-Year Built1969Building Size-Lot Size0.18 AC / 7,998 SF

Payment Calculator

$26,006 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,377

Property Taxes

$629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 938 20th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: Yes
  • View Description: City Lights, City
  • View: City Lights
  • Security Features: Gated
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $314,545
  • Net Operating Income: $225,385.00
  • Gross Income: $320,964
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: $14.40
  • Vacancy Allow Percent: 2.00%
  • Owner Pays: Water, Gas, Electricity, Gardener
  • Total Annual Expense: 89160
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1836
  • Lot Size Square Feet: 7998
  • Lot Size Dimensions: 50x160
  • Source Lot Size Dimensions: Owner
Parking Details
Parking Details
  • Parking Garage: Carport, Garage Is Attached, Garage - 2 Car, Tandem
  • Total Parking: 13
  • Covered Parking: 11
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 2
  • Carport Spaces Total: 9
  • Parking Features: Carport, Garage - Two Door, Tandem Garage
  • Attached Garage: Yes
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Gas, Living Room
  • Fireplace Rooms: Gas, Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Flooring: Hardwood, Carpet
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry Equipment: Lease
  • Volt220 Location: In Laundry
Exterior Features
Exterior Features
  • Roof: Composition
  • Windows: Double Pane Windows
  • New Construction: No
  • Foundation Details: Raised
  • Other Structural Features: Full Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-31-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $7,000.00
  • Unit Actual Rent: $7,000.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,577.00
  • Unit Actual Rent: $2,577.00
  • Unit Projected Rent: $2,577.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,650.00
  • Unit Actual Rent: $4,650.00
  • Unit Projected Rent: $4,650.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,876.00
  • Unit Actual Rent: $3,876.00
  • Unit Projected Rent: $3,876.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,176.00
  • Unit Actual Rent: $3,176.00
  • Unit Projected Rent: $3,176.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,380.00
  • Unit Actual Rent: $3,380.00
  • Unit Projected Rent: $3,380.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,013.00
  • Unit Actual Rent: $2,013.00
  • Unit Projected Rent: $2,013.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112

Property History for 938 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 938 20th Street

Taxable ValueLand$153,385Additions$313,398Total$466,783
Tax Record2023$7,546 ($629 / month)
Home Facts
Total Finished SqFt9,230 SqFtAbove Grade Finished SqFt9,230 SqFtLot Size7,996 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningSMR2*CountyLOS ANGELESAPN4277-011-008

Schools near 938 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 - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

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

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Similar Sold Homes

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938 20th Street is a multi-family home for sale in Santa Monica, CA 90403. This property was listed for sale on January 31, 2024 by Roque & Mark Company, Inc., it's currently listed at $4,650,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Franklin Elementary School, Lincoln Middle School and Santa Monica High School. 938 20th Street is a 16-bed, 16-bath, 9,230 sqft multi-family home built in 1969.

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 Roque & Mark Company, Inc., David Schuchman, DRE #01472937

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.