Log In/Sign Up
Your email has been sent.
1008 20th St 8 Unit Apartment Building $4,800,000 ($600,000/Unit) 4.31% Cap Rate Santa Monica, CA 90403
Executive Summary
1008 20th Street presents a rare opportunity to acquire a well-located multifamily asset in the highly desirable Wilshire-Montana submarket of Santa Monica. The property consists of a ±6,976 square foot apartment building situated on a ±9,938 square foot lot and originally constructed in 1947. The building contains multiple units with a diverse mix appealing to long-term tenants in one of the strongest coastal rental markets in Los Angeles County.
Santa Monica continues to experience strong rental demand driven by limited housing supply, proximity to employment hubs, and desirable coastal lifestyle amenities. This offering provides stable in-place income with long-term appreciation potential.
The property is located in the highly sought-after Wilshire-Montana neighborhood, one of Santa Monica’s most desirable residential rental markets. The area is known for quiet tree-lined streets, proximity to Montana Avenue retail, and strong tenant demographics. The neighborhood offers convenient access to Downtown Santa Monica, the beach, and West Los Angeles employment centers
Santa Monica continues to experience strong rental demand driven by limited housing supply, proximity to employment hubs, and desirable coastal lifestyle amenities. This offering provides stable in-place income with long-term appreciation potential.
The property is located in the highly sought-after Wilshire-Montana neighborhood, one of Santa Monica’s most desirable residential rental markets. The area is known for quiet tree-lined streets, proximity to Montana Avenue retail, and strong tenant demographics. The neighborhood offers convenient access to Downtown Santa Monica, the beach, and West Los Angeles employment centers
Property Facts
| Price | $4,800,000 | Building Class | C |
| Price Per Unit | $600,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 6,976 SF |
| Cap Rate | 4.31% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2012 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 | ||
| Price | $4,800,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 4.31% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,976 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2012 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer
- Refrigerator
- Oven
- Stainless Steel Appliances
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 762 |
| 2+1 | 1 | - | 925 |
| 2+2 | 3 | - | 925 - 1,038 |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4277-025-020 | Improvements Assessment | $1,566,788 |
| Land Assessment | $3,481,756 | Total Assessment | $5,048,544 |
Property Taxes
Parcel Number
4277-025-020
Land Assessment
$3,481,756
Improvements Assessment
$1,566,788
Total Assessment
$5,048,544
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1008 20th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.