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    1718 20Th St Santa Monica, CA 90404

    Sponsored
    For Sale
    $10,750,000

    Prime redevelopment opportunity, 7,762 SF.

    Property size:
    7,762 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Santa Monica property, located at 1718-1720 20th Street, presents a unique investment opportunity. The 7,762 square foot building sits on a 14,480 square foot lot and boasts a prime location with high visibility at the nexus of the 10 Freeway and 20th Street. Built in 1949, this two-story structure currently houses a mix of tenants, including an auto body shop on the ground floor and five office suites on the second floor. Ample parking is available for approximately twenty vehicles. The property is zoned IC (Industrial Conservation), offering significant flexibility for redevelopment. Permitted uses include creative office space, media production facilities, car dealerships, R&D, self-storage, and even 100% affordable housing. This presents a rare chance to capitalize on the thriving Santa Monica market, known for its technology, entertainment, and media industries. The property's location offers excellent access to public transportation, including the Metro Expo Line, Pacific Coast Highway, and the 10 Freeway. The asking price is $10,750,000, translating to $1,384.95 per square foot. This is a compelling investment for owner-users or investors seeking a high-potential redevelopment project in one of Southern California's most desirable locations.

    Property Features for 1718 20Th St

    General Information

    Property type
    Office space
    Square Feet
    7,762 SF

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    2

    HighLights

    • Excellent Westside Santa Monica location.
    • High‑visibility location at the intersection of the 10 Freeway and 20th Street.
    • IC (Industrial Conservation) zoning allows diverse redevelopment options.
    • Ample parking for approximately 20 vehicles.
    • Strong demand driven by the Silicon Beach market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Westway Auto Body ... Auto Repair Shop

    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
    -118.4745793
    Latitude
    34.0238329

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    FAQs

    What type of property is this?
    Office space - Prime redevelopment opportunity, 7,762 SF.
    Where is this office space located?
    The property is located at 1718 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: Excellent Westside Santa Monica location.; High-visibility location at the intersection of the 10 Freeway and 20th Street.; IC (Industrial Conservation) zoning allows diverse redevelopment options.
    Request Owner's contact information
    1718 20Th St Santa Monica, CA 90404
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    Santa Monica, CA 90404
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    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
    1718 20Th St Santa Monica, CA 90404
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