2116 20TH Street

    Santa Monica, CA 90405
    • $2,875,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: 18339062
    UPDATED: 22 min ago
    $2,875,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,583
      SQFT
    • $437
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Situated in the vibrant Sunset Park neighborhood of Santa Monica lies this fantastic income opportunity with 6 spacious units, an incredibly low GRM of 15.92 and an amazing cap rate of 4.00% - This is currently the lowest in-place GRM and highest actual cap rate on the market in this area!!! Just steps from Santa Monica College! Boasting the second highest walk & bike scores in Santa Monica! Just a short trip to Santa Monica beaches, with easy access to freeways and major stores, this property is in a thriving location in one of Santa Monica's hippest areas. Nearby, there is an abundance of popular local eateries and small businesses anchored by the new addition of a Whole Foods 365 grocery store just four blocks away. The building features ample garage and open-air parking off of a quiet alley.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T20:31:10.213. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/83517752

    2116 20TH Street Santa Monica, CA 90405

    • Price: $2,875,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 18339062
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,583
    SQFT
    $437
    $/SQFT
    1963
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Situated in the vibrant Sunset Park neighborhood of Santa Monica lies this fantastic income opportunity with 6 spacious units, an incredibly low GRM of 15.92 and an amazing cap rate of 4.00% - This is currently the lowest in-place GRM and highest actual cap rate on the market in this area!!! Just steps from Santa Monica College! Boasting the second highest walk & bike scores in Santa Monica! Just a short trip to Santa Monica beaches, with easy access to freeways and major stores, this property is in a thriving location in one of Santa Monica's hippest areas. Nearby, there is an abundance of popular local eateries and small businesses anchored by the new addition of a Whole Foods 365 grocery store just four blocks away. The building features ample garage and open-air parking off of a quiet alley.
    Exterior Features

    Garage Spaces 8.00 Lot Features Sprinklers None Lot Size Units Square Feet Parking Features Driveway - Gravel Parking Total 8.00 Parking YN Yes

    Interior Features

    Appliances Garbage Disposal Appliances YN Yes Cooling See Remarks Cooling YN Yes

    Property Features

    Cap Rate 4.00 Country Us Electric Expense 3889.00 Gross Multiplier 15.92 Gross Operating Income 175187.00 Improvements Amount 745599 Insurance Expense 2633.00 Land Value 1739732 Laundry Income 135.00 Maintenance Expense 7224.00 Net Operating Income 109745.00 Operating Expense 2204.00 Special Listing Conditions Standard Total Actual Rent 15050.00 Total Expenses 65442.00 Water Sewer Expense 7421.00 Zoning Smr2*

    Listing provided courtesy of Benjamin J. Hsiang of Realty Investment Advisors, In and Don Favia of Realty Investment Advisors, In.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T20:31:10.213. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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