938 20th St Open House Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90403
OPEN HOUSE
Sun Aug 17, 2:00pm - 5:00pm Tue Aug 19, 11:00am - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,230 sqft
Price per Sqft $432
MLS Listing ID 25578411
Style Low Rise
Bedrooms 16
Year Built 1969
Lot Size 7,998 Sqft
Property Sub-Type Multi-Family
Property Description
Rare chance to purchase a pride of ownership multi-family asset in the coveted Franklin School District. Fantastic location in the Wilshire Montana neighborhood on a whimsical tree lined street. This is an ideal opportunity for both savvy investors and discerning owner-users looking to live in a premier neighborhood while generating strong rental income. The crown jewel of this 9,230 sqft building is the expansive 3 bed, 3 bath front "owner's" townhome, offering approximately 2,198 sqft of living space, a private direct access 2-car garage, with laundry, and a charming front patio. Perfectly suited for an owner occupier seeking a single family feel with the added benefit of rental income from six additional units. The well balanced building includes: (1) 3 bed + 3 bath townhome, (2) 3 bed + 3 bath units, (3) 2 bed + 2 bath unit and (1) 1 bed + 1 bath unit. All units are generously sized and updated, with substantial capital improvements throughout, including: copper plumbing, dual-pane windows, new electrical panels, interior renovations and completed soft-story retrofit! Ample parking (11 spaces), and dedicated storage for each unit enhance the property's long-term desirability. Situated on an 7,998 sqft lot in a high demand, rent controlled area, this asset offers both immediate cash flow and strong appreciation potential. Whether you're an investor looking for a stabilized, high quality asset in one of LA's most desirable markets or an owner-user seeking the perfect live and earn situation, this is a rare Santa Monica opportunity not to be missed!
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMR2*
Rooms
Other Rooms None
Interior
Heating Central, Wall
Cooling Ceiling Fan
Flooring Hardwood, Carpet, Mixed, Laminate
Fireplaces Type Living Room
Equipment Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Refrigerator, Dryer, Freezer, Washer
Laundry Laundry Area
Exterior
Parking Features Carport, Garage - 2 Car, Tandem, Garage Is Attached
Garage Spaces 11.0
Building
Story 2
Sewer In Street
Others
Special Listing Condition Standard