1420 20Th St Santa Monica, CA 90404
- Apartment buildings
- 1,960 SF
- 0.17 lot acres
Current Use by Public Records
- American Standard / Auto Insurance Agency
Property Details for 1420 20Th St
- Year built
- 1949
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 1,960 SF
- Zone code
- SMR2*
- Property type
- Apartment buildings
- APN
- 4275-009-004
- APU
- 4275009004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,580,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,955,000
- 6.5%
- $3,975,000
- 7%
- $3,535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,660,000
- Geo Method
- $3,700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,900,000
- Retail
- $3,120,000
- Mixed-Use
- $4,325,000
- Hospitality
- $3,300,000
- Educational
- $3,635,000
- Residential Income
- $4,175,000
- Energy
- $3,310,000
- Income-Based Land
- $3,840,000
- Food Service
- $3,125,000
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.48
- Latitude
- 34.028
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
