Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Redevelopment Opportunity in Santa Monica Title is generated by Realmo AI

    1718-1720 20th St, Santa Monica, CA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Redevelopment opportunity with 7,762 square feet in Santa Monica.

    Type:RETAIL
    Property size:
    7,762 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $1,384/SF
    Added:
    Apr 25, 2024
    Days on Market:
    772
    Last Refresh:
    May 19 at 9:50 pm

    Property Features for 1718-1720 20th St

    General Information

    Standard status
    Active
    Size
    7,762 SF
    Lot size
    0.33 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    T.C. Macker

    Listing agent T.C. Macker License #CA 01232033

    Listing office WESTMAC Commercial Brokerage Company

    Listing date Apr 25, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of WESTMAC Commercial Brokerage Company

    HighLights

    • Unparalleled redevelopment opportunity

    Overview

    This property presents an unparalleled redevelopment opportunity in Santa Monica, California. The property offers 7,762 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.475
    Latitude
    34.0237

    Nearby Similar for Sale

    • $2,150,000
      4,912 SF

      Santa Monica Multifamily Investment Opportunity

      Rare opportunity in a sought-after coastal rental market.
      2411 20th St, Santa Monica, CA 90405
      View Details
    • $2,050,000
      6,324 SF

      Santa Monica Multifamily Investment Opportunity

      Well-located multifamily property with rental upside in desirable Sunset Park.
      2410 Ocean Park Blvd, Santa Monica, CA 90405
      View Details
    • $2,649,000
      2,590 SF

      Santa Monica Triplex Investment

      Turn-key triplex near Santa Monica College and the beach.
      2252 20th St, Santa Monica, CA 90405
      View Details
    • $3,500,000
      3,912 SF

      Renovated 6-Unit Apartment Building

      Renovated six-unit income property with in-unit laundry and air conditioning in a controlled-entry building near major Santa Monica destinations.
      402 Pacific, Santa Monica, CA 90405
      View Details
    • $2,995,000
      2,850 SF

      Santa Monica Multifamily Investment Opportunity

      Four-unit property in Santa Monica's Ocean Park neighborhood.
      631 Pier Ave, Santa Monica, CA 90405
      View Details
    • $3,250,000
      4,202 SF

      Santa Monica Development Assembly Lots

      Three contiguous properties for mixed-use development in Santa Monica.
      3026 PICO Boulevard, Santa Monica, CA 90405
      View Details
    • $4,950,000
      17,671 SF

      Santa Monica Multifamily Investment Opportunity

      Rare 15-unit multifamily property in Santa Monica's Sunset Park.
      2318 16th St, Santa Monica, CA 90405
      View Details
    • $2,350,000
      2,810 SF

      Venice Adjacent Multi-Use Building

      Two-story, 3,295 SF building near Rose Avenue and Abbot Kinney.
      2951 Lincoln Blvd, Santa Monica, CA 90405
      View Details
    • $3,350,000
      3,042 SF

      Santa Monica Development Assembly Opportunity

      Three contiguous properties for mixed-use development in Santa Monica.
      3024 Pico Boulevard, Santa Monica, CA 90405
      View Details
    • $3,400,000
      3,000 SF

      Santa Monica Development Assembly

      Three contiguous properties for development in Santa Monica's Sunset Park.
      3018 PICO Boulevard, Santa Monica, CA 90405
      View Details
    • $1,999,000
      2,369 SF

      Classic Duplex with Four Units

      Four-unit duplex in Ocean Park with detached garages, shared laundry, and multiple interior configurations.
      238 Bicknell, Santa Monica, CA 90405
      View Details
    • $1,915,000
      2,544 SF

      Quadplex with Private Patios

      Four separately metered units with private patio access and in-unit laundry hookups support flexible living or rental use.
      2117 Stewart Street, Santa Monica, CA 90404
      View Details

    FAQs

    What type of property is this?
    Specialty property - Redevelopment opportunity with 7,762 square feet in Santa Monica.
    Where is this specialty property located?
    The property is located at 1718-1720 20th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $10,750,000.
    What are key features of this property?
    This property features: Unparalleled redevelopment opportunity
    (310) 478-7700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    T.C. Macker
    Real Estate License ID: CA 01232033
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1718-1720 20th St, Santa Monica, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!