Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1420 20Th St Santa Monica, CA 90404

    Sponsored
    For Sale
    Contact for pricing

    Prime Location, Multifamily & Hotel Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Santa Monica property offers a fully entitled development opportunity for a luxury eight-story building. The 15,004 square foot lot, zoned SMR2, is approved for 50 multifamily units and 40 hotel keys, along with ground floor retail, a rooftop pool and deck, community rooms, and two levels of subterranean parking. The project's potential is further enhanced by the possibility of adding 35 more apartment units. Located at 1420 20th Street, this site boasts a prime location near the beach, the Third Street Promenade, and the Expo Line's 17th Street/Santa Monica College Station, providing convenient access to downtown Los Angeles. The property benefits from strong market fundamentals in a vibrant community with a thriving hospitality and multifamily market, surrounded by high-end shopping and dining. APN: 4275-009-004, 4275-009-005. This is a rare chance to develop a high-end project in one of the world's most desirable locations.

    Property Features for 1420 20Th St

    General Information

    Property type
    Land

    HighLights

    • Walkable, vibrant community.
    • Fully entitled, streamlined development opportunity.
    • Underserved hotel market.
    • Prime location with upscale shopping and dining.
    • Strong healthcare sector driving demand.
    • Diverse and thriving community.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Standard Auto Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -118.4798209
    Latitude
    34.0280855

    Nearby Similar for Sale

    • $20,650,000
      34,281 SF

      Santa Monica Multifamily Investment Opportunity

      Premier 23-unit apartment building in coveted Santa Monica neighborhood.
      1115 14Th St, Santa Monica, CA 90403
      View Details
    • $1,988,000
      2,050 SF

      Santa Monica Multifamily Property

      Three detached units in a convenient Santa Monica location.
      2019 18Th St, Santa Monica, CA 90404
      View Details
    • $8,950,000
      17,880 SF

      Santa Monica Multifamily Trophy Asset

      Generational multifamily property in a prized Santa Monica location.
      1428 12Th St, Santa Monica, CA 90401
      View Details
    • $2,595,000
      1,800 SF

      Renovated Duplex in Prime Location

      Newly renovated duplex in Santa Monica with ADU potential.
      1247 25Th St, Santa Monica, CA 90404
      View Details
    • $3,700,000
      7,539 SF

      Versatile Santa Monica Property

      Church and single-family home with development potential.
      836 Cedar St, Santa Monica, CA 90405
      View Details
    • New
      $6,750,000
      4,368 SF

      Santa Monica Multifamily with Ocean Views

      Fully vacant, renovated 12-unit apartment building with ocean views.
      1661 Appian Way, Santa Monica, CA 90401
      View Details
    • New
      $5,100,000
      3,882 SF

      Santa Monica Oasis Compound

      Rare compound with three homes near the beach.
      2116 3Rd St, Santa Monica, CA 90405
      View Details
    • $3,495,000
      5,748 SF

      Turnkey Santa Monica Income Property

      Fully renovated six-unit building in prime Santa Monica location.
      1838 20Th St, Santa Monica, CA 90404
      View Details
    • $3,950,000
      9,109 SF

      Santa Monica Income Property

      Residential income property in prime Santa Monica location.
      2302 Oak St, Santa Monica, CA 90405
      View Details
    • $3,250,000
      7,763 SF

      Santa Monica Multifamily Investment Opportunity

      Six-unit multifamily property in Santa Monica near the beach.
      1813 9Th St, Santa Monica, CA 90404
      View Details
    • $3,100,000
      5,262 SF

      Santa Monica Multifamily Investment Opportunity

      Seven-unit apartment complex in prime Ocean Park, Santa Monica.
      649 Ocean Park Blvd, Santa Monica, CA 90405
      View Details
    • Contact for pricing
      12,512 SF

      Premier Santa Monica Office Property

      Free-standing office building in desirable coastal submarket for sale.
      619 Arizona Ave, Santa Monica, CA 90401
      View Details

    FAQs

    What type of property is this?
    Land - Prime Location, Multifamily & Hotel Potential
    Where is this land located?
    The property is located at 1420 20Th St Santa Monica, CA.
    What are key features of this property?
    This property features: Walkable, vibrant community.; Fully entitled, streamlined development opportunity.; Underserved hotel market.
    (213) 955-5100
    Request Owner's contact information
    1420 20Th St Santa Monica, CA 90404
    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.
    1420 20Th St
    Santa Monica, CA 90404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1420 20Th St Santa Monica, CA 90404
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.