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    2503 20TH St

    Santa Monica, CA 90405
    • $1,888,000
    • STATUS: Active Under Contract
    • ON SITE: 219 days
    • ID#: 20-553940
    Under Contract
    UPDATED: 63 min ago
    $1,888,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,855
      SQFT
    • $661
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:
    Area:

    Description

    Best CAP rate in Santa Monica. Feel the cool ocean breeze on the warmest summer day from this high ROI property. 2 Bedroom, 1 bath detached Spanish detached home with 3-1 bedroom 1 bath well maintained with hardwood rentals in the rear of the property. 2 of the 1 bedroom units will be delivered unoccupied. Newer windows in two upstairs units in the back. Short distance to"hip" Ocean Park restaurants, gym, and public library. Buyer to perform own due diligence re Santa Monica rent control, square footage, and all financial data. Shared laundry room with laundry hookup in place which could add 1,500 in additional income per year. Great for owner user or as an investment property. All rents are current.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T11:42:20.213. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/103228756
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    2503 20TH St Santa Monica, CA 90405

    • Price: $1,888,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • ID#: 20-553940
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,855
    SQFT
    $661
    $/SQFT
    1936
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    Best CAP rate in Santa Monica. Feel the cool ocean breeze on the warmest summer day from this high ROI property. 2 Bedroom, 1 bath detached Spanish detached home with 3-1 bedroom 1 bath well maintained with hardwood rentals in the rear of the property. 2 of the 1 bedroom units will be delivered unoccupied. Newer windows in two upstairs units in the back. Short distance to"hip" Ocean Park restaurants, gym, and public library. Buyer to perform own due diligence re Santa Monica rent control, square footage, and all financial data. Shared laundry room with laundry hookup in place which could add 1,500 in additional income per year. Great for owner user or as an investment property. All rents are current.
    Exterior Features

    Cross Streets Ocean Park And 20th Direction Faces West Garage Structures Total 2 Levels Multi/Split Lot Size Area 6753 Other Structures None Parking Garage AssignedDrivewayGarageGarage - 1 CarGarage - 2 Car Patio Features Patio Open Paved YN Yes Style Spanish Total Parking 7 View Description City View YN Yes

    Interior Features

    Baths Total 4.00 Cooking Appliances Free Standing Gas Cooling None Equipment CableRange/OvenRefrigerator Fireplace Rooms Living RoomWood Burning Flooring Hardwood Heating Wall Kitchen Features Tile Counters

    Property Features

    Alley YN Yes Electric Expense 67.00 Gardener Expense 4225.00 Gross Income 122490 Gross Operating Income 122490 Insurance Expense 7246.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 600.00 Management Expense 2000.00 Net Operating Income 99323.00 Number Of Buildings 2 Number Of Units 4 Owner Pays GardenerWater Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Cable TvElectricityGas Total Annual Expense 19746 TVServices Cable Tv Type Of Units Apartment Water Expense 2923.00 Water Heaters YN Yes Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Gregory Lewis DRE#01947786 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T11:42:20.213. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583