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    1060 20Th St

    Santa Monica, CA 90403
    • $11,400,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 20-629620
    UPDATED: 62 min ago
    $11,400,000
    • 26
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,110
      SQFT
    • $540
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    For the first time on market in 40 years, we are proud to introduce Venta, a 19-unit apartment community and trophy asset in Prime Santa Monica. Sitting proudly on an almost half an acre corner at 20th & California Ave in the Wilshire-Montana corridor; you can't miss Venta's welcoming entry facade while cruising between the plush Ficus trees on the way to a shop or restaurant on Montana Ave. Upon entering the tastefully landscaped grounds, visitors are greeted by a freshly updated, open air courtyard. Inside, an excellent unit mix of expansive & naturally bright 2-bed/2-bath units accented by a large 3-bed/3-bath unit, four 1-bed/1-bath units, and two studio units. Many units feature patios/balconies, some renovated with upgraded wood flooring, granite countertops, and bathrooms. The building includes copper plumbing, units separately metered for electric, on-site laundry, 19 parking spaces, recent re-roofing of the main structure, and SM City seismic retrofit completed.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T21:42:14.527. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109818188
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    1060 20Th St Santa Monica, CA 90403

    • Price: $11,400,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 20-629620
    26
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    21,110
    SQFT
    $540
    $/SQFT
    1961
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    For the first time on market in 40 years, we are proud to introduce Venta, a 19-unit apartment community and trophy asset in Prime Santa Monica. Sitting proudly on an almost half an acre corner at 20th & California Ave in the Wilshire-Montana corridor; you can't miss Venta's welcoming entry facade while cruising between the plush Ficus trees on the way to a shop or restaurant on Montana Ave. Upon entering the tastefully landscaped grounds, visitors are greeted by a freshly updated, open air courtyard. Inside, an excellent unit mix of expansive & naturally bright 2-bed/2-bath units accented by a large 3-bed/3-bath unit, four 1-bed/1-bath units, and two studio units. Many units feature patios/balconies, some renovated with upgraded wood flooring, granite countertops, and bathrooms. The building includes copper plumbing, units separately metered for electric, on-site laundry, 19 parking spaces, recent re-roofing of the main structure, and SM City seismic retrofit completed.
    Exterior Features

    Lot Size Area 19802 Other Structures None Parking Garage Covered ParkingGarage Patio Features Balcony Total Parking 19

    Interior Features

    Bathroom Features Granite Baths Total 32.00 Common Walls Attached Cooling Other Equipment Garbage Disposal Flooring Wood Heating Radiant Kitchen Features Granite Counters Laundry Community

    Property Features

    Assessed Total Value 933723 Gross Income 633817 Gross Operating Income 614802 Like Units1 1 Like Units2 11 Like Units3 1 Like Units4 4 Like Units5 2 Net Operating Income 387009.00 Number Of Buildings 3 Number Of Units 19 Owner Pays Water Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Tenant Pays Electricity Total Annual Expense 227793 Type Of Units Apartment Water Heaters YN Yes Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Benjamin J. Hsiang DRE#01438644 of Realty Investment Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T21:42:14.527. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
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    Valencia CA, 91355