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1008 20th St 8 Unit Apartment Building $6,617,616 CAD ($827,202 CAD/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 | $6,617,616 CAD | Building Class | C |
| Price Per Unit | $827,202 CAD | 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 | $6,617,616 CAD |
| Price Per Unit | $827,202 CAD |
| 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
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 762 |
| 2+1 | 1 | - | 925 |
| 2+2 | 3 | - | 925 - 1,038 |
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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 | $2,168,591 CAD |
| Land Assessment | $4,819,098 CAD | Total Assessment | $6,987,690 CAD |
Property Taxes
Parcel Number
4277-025-020
Land Assessment
$4,819,098 CAD
Improvements Assessment
$2,168,591 CAD
Total Assessment
$6,987,690 CAD
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Exp Realty of California
1008 20th St
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