1420 20th St Santa Monica, CA 90404
Approved development site in Santa Monica with multifamily and hotel potential.
Type:Land
- Added:
- Sep 4, 2024
- Days on Market:
- 598
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1420 20th St
General Information
- Standard status
- Active
- Property subtype
- Land
Listing agent Reid Gratsch License #02101218
Listing office Cushman & Wakefield - West Los Angeles, California
Listing date Sep 4, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - West Los Angeles, California
Overview
Entitled Multifamily and Hotel Property
The property at 1420 20th St is a fully entitled multifamily and hotel property located in Santa Monica. Approved for development as an eight-story building, the property comprises 50 multifamily units, 40 hotel keys, ground floor retail space, an activated rooftop pool and deck, shared community rooms, and two levels of subterranean parking. There is potential to increase the density by an additional 35 apartment units. The property enjoys a location near tourist attractions, restaurants, and nightlife. The site is a short walk to the Expo Line’s 17th Street/Santa Monica College Station, providing access to downtown Los Angeles. This site offers an opportunity to develop apartments and a boutique hotel, capitalizing on the area’s blend of natural beauty, cultural attractions and urban convenience.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
American Standard
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.4797941
- Latitude
- 34.0280377
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Approved development site in Santa Monica with multifamily and hotel potential.
Where is this commercial land located?
The property is located at 1420 20th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: Fully entitled for an eight‑story building with 50 multifamily units and 40 hotel keys in Santa Monica.; Prime location near beaches, the pier, Third Street Promenade, restaurants, and nightlife.; Potential to increase density by an additional 35 apartment units.
