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Listing 2 out of 233
$2,250,000 For Sale

2503 20th Street
Santa Monica, CA 90405

5 beds | Residential Income
2,855 sq ft; lot: 6752 sq ft - MLS# 18317600
Property Photo

Description

On the warmest summer day, you can feel the cool ocean breeze from this Santa Monica investment opportunity. 2-Bedroom, 1 bath single family rental in front with three rear 1 bedroom, 1 bath well maintained rental units with original hardwood floors. Pride of ownership. New windows in the upstairs units in May 2018. Short distance to"hip" Ocean Park Restaurants, workout gym, and the public library. Owner pays water. Buyer to do his/her due diligence regarding Santa Monica rent control, all financial data, as well as square footage. Laundry hookups are in place. Adding resident Washer Dryer fee-based equipment could add $1,500 in revenue per year.

Features

  • Property Type: Residential Income
  • Sub Type: Fourplex
  • Listing Status: Active
  • County/Area: Los Angeles County
  • Zip Code: 90405
  • Year Built: 1936
  • Subdivision/Neighborhood: Santa Monica (C14)
  • Sq.Ft.: 2,855 sq ft
  • Style: Spanish
  • Stories: 2-Story
  • Bedrooms: 5
  • Garage: 2-Car
  • # of Parking Spaces: 4
  • Lot Size: 6752 sq ft
  • Zoning: SMR2*
  • Actual Annual Gross Rent: 112248.00
  • Actual Gross Annual Income: 115248.00
  • Actual Rent Total: 115248.00
  • Adjusted Gross Income: 118248.00
  • Agent License Number: 01947786
  • Alley: Yes
  • Appliances: Dishwasher, Garbage Disposal, Refrigerator
  • Bathroom Features: Shower Over Tub
  • Cap Rate: 3.74
  • City Code: 10000054288
  • Common Walls: Attached
  • Construction: Frame and Stucco
  • Cooking Appliances: Cooktop - Gas, Free Standing Gas
  • Cooling Type: None, Ceiling Fan(s)
  • Covered Spaces Total: 4
  • Direction Faces: Faces West
  • Expense Gardener: 958.00
  • Expense Insurance: 4470.00
  • Expense Maintenance: 742.00
  • Expense Management: 2000.00
  • Expense Tax: 2244.00
  • Expense Total Annual: 34647.00
  • Floor Material: Hardwood
  • Foundation Details: Foundation - Tie Down
  • Garage Structures Total: 1
  • Gross Operating Income: 112248.00
  • Gross Rent Multiplier: 19.00
  • Heating Type: Floor Furnace
  • Levels: Two Level
  • Lot Description: Fenced
  • Lot Size SQ FT: 6753
  • Lot Size Source: Public Records
  • Net Operating Income: 84400.00
  • Number Dishwasher: 1
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of Buildings: 2
  • Number Range: 4
  • Number Refrigerator: 4
  • Owner Pays: Water
  • Parking Features: Driveway - Concrete
  • Parking Type: Garage
  • Patio Features: Concrete Slab
  • Paved: Yes
  • Square Footage Source: Title Company
  • T VServices: Cable TV
  • Tenant Pays: Cable TV, Electricity, Gas
  • Total Floors: 2
  • Total Garage Spaces: 2
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Unfurnished
  • Unit Furnished05: Partially
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 3547.00
  • Unit Monthly Rent02: 1600.00
  • Unit Monthly Rent03: 1657.00
  • Unit Monthly Rent04: 1657.00
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bath03: 1.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 1
  • Unit Number Of Bed03: 1
  • Unit Number Of Bed04: 1
  • Units In Complex: 4
  • Water Heaters YN: Yes
  • h: 1.0
Courtesy of Compass, Gregory Lewis (CalBRE: 01947786)

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Tom Swanson
Exclusive Realty, Inc.
2945 Westwood Blvd
Los Angeles, CA 90064
Phone: 310-702-8559
Email: Tom@WestsideTom.com

Testimonials

Tom Swanson represented me in a very successful real estate purchase last year. Tom paid close attention to my property selection criteria and saved me a great deal of time by only sharing listings that met my criteria. Once we found the desired property, Tom moved quickly to submit my offer, facilitate removal of contingencies, negotiate terms and concessions, and ultimately close the deal for under asking price. I have referred Tom to several family and friends and have engaged him to assist me with the pursuit of my next real estate purchase mitchnahass
Tom is not only a leader to his agents and an amazing professional. He is the kind of person who changes the face of Real Estate by his kindness, his courtesy and his entrepreneurial spirit. He always finds time to make himself available when you need him. Anaik Levy
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