1420 20th St - 1420 20th St

Cushman & Wakefield of California, Inc. as exclusive advisor, is pleased to present the unique opportunity to purchase the fee simple interest of 1420 20th St (the “Property”). The Property is a fully entitled multifamily and hotel property located in the heart of Santa Monica.
The Property is approved for development as an eight-story building, comprising 50 multifamily units, 40 hotel keys, ground floor retail, an activated rooftop pool and deck, shared community rooms, and 2 levels of subterranean parking. Additionally, there is the potential to increase the density by an additional 35 apartment units, further enhancing the project’s residential capacity.
The Property in Santa Monica enjoys a prime location in one of the world’s most recognized and dynamic cities. Santa Monica is known for its beautiful beaches, iconic pier, and lively Third Street Promenade, all of which attract tourists from around the globe.
Positioned near numerous tourist attractions, acclaimed restaurants, and a thriving nightlife scene, this area benefits from strong multifamily and hospitality market fundamentals. Additionally, the property is just a short walk to the Expo Line’s 17th Street/Santa Monica College Station, providing easy access to downtown Los Angeles and beyond.
This site offers an exceptional opportunity to develop luxury apartments and a high-end boutique hotel in a prestigious and sought-after destination, capitalizing on the area’s unique blend of natural beauty, cultural attractions and urban convenience.