1420 20th St, Santa Monica, CA 90404

Listing office Cushman & Wakefield - West Los Angeles, California Show Phone

Listing date Sep 4, 2024

Source Crexi

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Overview

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.

Suggested Use

Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Restaurant Grocery & Convenience Store Restaurant Restaurant Clothing & Fashion Store Pet Grooming Service Restaurant Adult Day Care

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

-118.4797941

Latitude

34.0280377

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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.