1008 20th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$4,800,000 USD
213-435-5858
1008 20th St, Santa Monica, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/14
null | 4.31% Cap Rate

1008 20th St
Santa Monica, CA 90403
Wilshire Montana


OVERVIEW

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

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$688 USD /SF

# OF UNITS

8

PRICE/UNIT

$600,000

CAP RATE

4.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,936 SF

ZONING

R2

APN/PARCEL ID

4277-025-020

ASK ABOUT THIS PROPERTY

Hank ChoiExp Realty of CaliforniaMore Info
213-435-5858

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Hank ChoiExp Realty of CaliforniaMore Info
213-435-5858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.