27
See all 27 photos
$2,350,000
Est. payment /mo
6 Beds
6 Baths
3,008 SqFt
Price Dropped by $100K
2122 20th ST Santa Monica, CA 90405
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,008 sqft
Price per Sqft $781
MLS Listing ID 26653771
Bedrooms 6
HOA Y/N No
Year Built 1929
Lot Size 7,940 Sqft
Property Description
4% assumable interest rate until November 2026! Exceptional six-unit investment opportunity in a prime Santa Monica location, just moments from Santa Monica College. This well-positioned multifamily property features six spacious 1-bedroom, 1-bathroom units, offering strong rental appeal in one of the Westside's most desirable and supply-constrained rental markets.With two vacant units, investors benefit from immediate upside potential through lease-up at market rents or the flexibility for an owner-user strategy. The property currently generates $179,604 in gross annual income, reflecting a 13.64 GRM and a 5% cap rate making it a compelling addition to any multifamily portfolio.Value-add opportunity: The rear storage area and existing garages present excellent potential for ADU conversion (buyer to verify), creating a meaningful opportunity to increase unit count and substantially enhance long-term cash flow and asset value.Tenants enjoy close proximity to world-class beaches, premier shopping and dining, and convenient access to major employment hubs throughout the Westside and Greater Los Angeles area. This is a rare opportunity to acquire a stable coastal asset with built-in upside in one of Southern California's most sought-after communities.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Garage
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4273002004
Special Listing Condition Standard
Listed by David Miller Miller & Desatnik Realty Co. #02105346
NEARBY SCHOOL & BUSINESS
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