2122 20th Street
Santa Monica, CA 90405
6
Bed
0
Bath
3,008Sqft
7,940Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 6Bathroom Information
Total Baths: 6 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Refrigerator -
Heating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1929 Building Area Total: 3,008
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1823 -
Lot Size Source: Assessor Lot Size Square Feet: 7940
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Listing Price Information
Original List Price: 2,350,000 Listing Contract Date: 2026-02-23 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 4273002004
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Garage and Parking
Garage Description: GarageHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C14 - Santa Monica Postal Code Plus 4: 1736 Directions: On 20th Street South of Pico Blvd. Zoning: SMR2* Source Property Type: Residential Income Area: C14 - Santa Monica -
Building and Construction
Property Age: 97 Year Built Source: Assessor Total Square Feet Living: 3008 Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2521 33rd Street, Santa Monica, CA, 90405 | $2,495,000 | 2 | 1 | 1,571 | 1,571 SqFt |
| 2312 32nd Street, Santa Monica, CA, 90405 | $2,150,000 | 3 | 2 | 1,361 | 1,361 SqFt |
| 2302 32nd Street, Santa Monica, CA, 90405 | $2,075,000 | 6 | -- | 3,492 | 3,492 SqFt |
| 2711 Pico Boulevard, Santa Monica, CA, 90405 | $5,990,000 | 18 | -- | 9,926 | 9,926 SqFt |
| 2410 Ocean Park Boulevard, Santa Monica, CA, 90405 | $2,050,000 | 10 | -- | 6,324 | 6,324 SqFt |
| 2626 Cloverfield, Santa Monica, CA, 90405 | $4,950,000 | -- | -- | 5,968 | 5,968 SqFt |
| 2030 Marine Street, Santa Monica, CA, 90405 | $2,999,000 | 3 | 1 | 1,899 | 1,899 SqFt |
| 2210 24th Street, Santa Monica, CA, 90405 | $1,995,000 | 6 | -- | 3,671 | 3,671 SqFt |
| 2524 22nd Street, Santa Monica, CA, 90405 | $2,195,000 | 2 | 2 | 1,269 | 1,269 SqFt |
| 2517 20th Street, Santa Monica, CA, 90405 | $2,280,000 | 7 | -- | 3,219 | 3,219 SqFt |
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ByOwner last updated this listing 06/12/2026 @ 08:48
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