2416 20TH Street

    Santa Monica, CA 90405
    • $2,100,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 18400352
    UPDATED: 28 min ago
    $2,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,076
      SQFT
    • $683
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    We are pleased to present 2416 20th Street, located in the prime Sunset Park area of Santa Monica. The offering is a fantastic 5 unit opportunity with an incredibly low GRM of 15.53 and outstanding Cap Rate of 4.37% on current income with additional upside in rents! The property is located less than two miles from the beach and within walking distance to some of the most desirable retail, shopping and dining in the country; Main Street, Ocean Front Walk and Abbot Kinney just to name a few. 4 of 5 units have been renovated throughout with much of the following: granite counter tops, windows, stainless steel appliances, hardwood floors, water heaters, recessed lighting etc. Units A, C, D & E were redone with copper plumbing, roof and windows. The offering sits on 7,161 square feet of land with a rentable square feet of 3,076 and consist of 2 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T09:29:00.23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88812432

    2416 20TH Street Santa Monica, CA 90405

    • Price: $2,100,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 18400352
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,076
    SQFT
    $683
    $/SQFT
    1944
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are pleased to present 2416 20th Street, located in the prime Sunset Park area of Santa Monica. The offering is a fantastic 5 unit opportunity with an incredibly low GRM of 15.53 and outstanding Cap Rate of 4.37% on current income with additional upside in rents! The property is located less than two miles from the beach and within walking distance to some of the most desirable retail, shopping and dining in the country; Main Street, Ocean Front Walk and Abbot Kinney just to name a few. 4 of 5 units have been renovated throughout with much of the following: granite counter tops, windows, stainless steel appliances, hardwood floors, water heaters, recessed lighting etc. Units A, C, D & E were redone with copper plumbing, roof and windows. The offering sits on 7,161 square feet of land with a rentable square feet of 3,076 and consist of 2 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 4.37 Gross Multiplier 15.53 Gross Operating Income 125978.00 Improvements Amount 199838 Land Value 547338 Laundry YN Yes Net Operating Income 91840.00 Special Listing Conditions Standard Total Expenses 39598.00 Zoning Smr2*

    Listing provided courtesy of Filip Niculete of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T09:29:00.23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604