Link Copied
Listed price in listed location currency (USD).
$2,350,000

666

MLS® 26653771

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3008 sqft
Garage Yes
Taxes 
Days Active 44
Lot Size 
Approx. Age 1929
Avg. Price Per Sqft $781
MLS® Number 26653771

Property Address: 2122 20th St, Santa Monica, CA, 90405-1736

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number26653771
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1929
Basement
DrivewayGarage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$2,350,000List Price
  • Commute

Commute

Starting Address
Destination Address
2122 20Th St, Santa Monica, CA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties