Skip To Content

    1420 20Th Street

    Santa Monica, CA 90404
    • $4,450,000
    • STATUS: Active
    • ON SITE: 92 days
    • ID#: 21677508
    UPDATED: 24 min ago
    $4,450,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,881
      SQFT
    • $757
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    SELLER FINANCING AVAILABLE! 1420-1422 20th Street sits on two parcels totaling 14,999 SqFt. Due to being on two parcels, a new investor has the ability to add 4 ADU's (two per parcel). The cost per unit after adding the ADU's would be $317,85/unit. There are three units currently occupied in the building, but one has verbally committed to a Buyout for $35,000. 7 units are vacant and 4 of them have been nicely remodeled with modern finishes and quartz counter tops(see photos). Many of this information was discovered during escrow including the Seller Financing. Escrow canceled due the the Buyer's downleg not closing. If you have a client interested, contact the listing agent for a property tour.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-10T07:29:04.933. 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 or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/113086618
    Print Image

    1420 20Th Street Santa Monica, CA 90404

    • Price: $4,450,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 21677508
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,881
    SQFT
    $757
    $/SQFT
    1949
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    SELLER FINANCING AVAILABLE! 1420-1422 20th Street sits on two parcels totaling 14,999 SqFt. Due to being on two parcels, a new investor has the ability to add 4 ADU's (two per parcel). The cost per unit after adding the ADU's would be $317,85/unit. There are three units currently occupied in the building, but one has verbally committed to a Buyout for $35,000. 7 units are vacant and 4 of them have been nicely remodeled with modern finishes and quartz counter tops(see photos). Many of this information was discovered during escrow including the Seller Financing. Escrow canceled due the the Buyer's downleg not closing. If you have a client interested, contact the listing agent for a property tour.
    Exterior Features

    Architectural Style Bungalow Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 212400.00 Gross Multiplier 20.95 Gross Operating Income 212400.00 Net Operating Income 115909.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 90119.00 Zoning Smr2*

    Listing provided courtesy of Chase Simonton of Re/Max One


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-10T07:29:04.933. 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 or Team Forss Realty Group. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365086896-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365086896-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365086896-1.jpg
    Logo
    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592