2140 20th Street, Santa Monica, CA 90405
Property · 2 recorded sales since 2016
Sold September 2023
Listing Agent: Susan Brown (DRE #01916399) · Listing Office: Redfin · Contact: 877-973-3346 · Bought with: Benny Huynh · Advance Estate Realty · MLS #23285037 · Source: CRMLS
About this property
Welcome to "Mini Havana"! Surrounded by lush greenery & mature trees, this charming, setback compound has all the makings of an amazing investment. Each recently remodeled unit of this TRI-PLEX is detached with their own private, high-fenced yard and equipped with their own washer and dryers, electrical & gas meters, water heaters, and ample parking + their own garages. The Main House is 2BR / 1BA approx 812 sq.ft., Middle Cottage is 1 BR / 1BA approx 650 sq.ft., and the Third Unit above the garage is 2BR / 1BA approx 812 sq.ft. There's so many possibilities - offset your mortgage by living in the main house and have tenants in the other units. Potential rent control exemptions. Or under the Santa Monica Home Share program, short term a part of your dwelling space (Check with the city). Or if you're an investor looking for all 3 to be rented at the market rate, 1 out of 3 units will be/are vacant and the other two units are already paying close to/at market rent. Very rare! The property has low expenses and will have great income at est. $12,200/mo! May be possible to convert the garages into income-producing ADUs too (check with city). Special properties like this don't hit the market very often, so now's your chance to build your portfolio with a unique asset. Easy access to shops, dining, coffee shops, 365 Whole Foods, and Virginia Park which has a Library and weekly Farmers Market. MUST SEE to truly appreciate it!
Listing description from the September 2023 sale, as reported to CRMLS.
Sale history
