Entitled Multifamily and Hotel
For Sale
Contact for pricing
1420 20th St, Santa Monica, CA 90404
Approved development site in Santa Monica with multifamily and hotel potential.
Property SizeContact for details
Days on Market717
Property Features for 1420 20th St
General Information
Standard status
Active
Property subtype
Land
Zoning
SMR2
Listing Agency:
Cushman & Wakefield - West Los Angeles, California
(213) 955-5100
Listed By:
Reid Gratsch · License #02101218
Source:
Crexi
Added: Sep 4, 2024
Changed: Aug 17
Last Checked: Aug 20 at 4:27PM
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 Cushman & Wakefield - West Los Angeles, California
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
