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Property Description

We are pleased to present for sale a high-quality multifamily asset in prime Santa Monica, CA. 2235 20th St was built in 1970 and features 6 units with a gross square footage of 7,009. These particularly large floorplans feature 1, 2, and 3-bedroom options. There is (1) large owner’s unit with 3 bedrooms and 21/2 bathrooms, as well as (4) 2-bedroom, 2-bathroom units and (1) 1-bedroom, 1-bathroom unit. Two of the units have been highly upgraded to include kitchens with quartz counters and shaker cabinets, bathrooms with floor to ceiling subway tile, and living areas with modern plank flooring. There is parking for 9 vehicles with a 2-car garage and driveway in front and five carport spaces in the rear. The building also offers tenants a common laundry room and intercom entry. 20th St is perfectly situated just one block from Santa Monica College on a tree-lined street with mostly low-density residential properties. Given its proximity to the college and its central location in the Ocean Park neighborhood, 20th Street is highly desirable to students, faculty, or anyone else that values being walking distance to premier dining, nightlife, and retail options. For the savvy investor, 2235 20th St provides a well-managed and highly sought after property with significant future upside potential in one of the most desirable locations Los Angeles has to offer. 2235 20th St’s assumable loan has an approximate balance of $835K with fully amortized monthly payments and a fixed rate of 3.30% until 10/1/2027.

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REMAX COMMERCIAL & INVESTMENT REALTY
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CLW-X68263
CLW-X75383
Robert
4273003019
: Standard
Two
32

Multi-Family For Sale

2235 20th Street, Santa Monica, California 90405

7,009 Sqft
$2,750,000
Listing ID #24405291
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24405291
Price : $2,750,000
Living Area : 7,009 Sqft
Lot Size : 6,745 Sqft
Year Built : 1970
Country : US
State : California
County : Los Angeles
City : Santa Monica
Zipcode : 90405
Price Per Square Foot : $392
ModificationTimestamp : 2024-06-26 05:08:13
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