Active

2517 20th Street

Santa Monica, CA 90405
Mark as Favorite
Bed 7

Bed

Bath 0

Bath

SqFt3,219

Sqft

SqFt6,766

Sqft(Lot)

This exceptionally charming 5-unit multi-family property presents an incredible investment opportunity in a prime Santa Monica location. Built in 1938 this updated property has immense appeal and offers long-term growth potential. The property has been meticulously maintained. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Four of the five units have been remodeled; three feature in-unit laundry, the other two units have private laundry inside their garage. There are refinished hardwood floors, three of the five units have split AC units, quartz/granite countertops and tiled showers. In January 2025 a new roof was installed on the rear building, and in late 2024 the front building was recoated. Two of the front units have individual enclosed garages; three units have assigned parking. This property offers both immediate rental income and long-term growth potential. This property has just undergone significant capital improvements including soft story/seismic retrofit work, resulting in a building that is fully stabilized and ready to go. Centrally located near transportation, schools, shopping, parks, and the best Santa Monica has to offer. Operating at a 100% occupancy, the property yields a highly attractive Pro-Forma Cap Rate of 4.69%. The current tenants are professionals and the units are well maintained. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving, rent resilient market. There is an excellent property management company in place. This is rare turnkey acquisition.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,280,000

AD Id : 75494192

MLS Id : 26654207

Beds : 7

Lot Size : 6,766 Sqft

Living Area Size : 3,219

Year Built : 1938

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 7

    Bathroom Information

    Total Baths: 5 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Refrigerator,Dryer,Washer Fireplace: None Flooring: Wood
  • Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1938 Building Area Total: 3,219
  • Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1553 Lot Size Dimensions: 50x135
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6766

  • Listing Price Information

    Original List Price: 2,280,000 Listing Contract Date: 2026-02-19
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4273019010

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C14 - Santa Monica Postal Code Plus 4: 2748 Directions: South of Pico, North of Ocean Park Blvd. Zoning: SMR2* Source Property Type: Residential Income Area: C14 - Santa Monica
  • Building and Construction

    Property Age: 88 Year Built Source: Vendor Enhanced Total Square Feet Living: 3219 Levels or Stories: One,Two Building Total Stories: 1
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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
1807 Oak Street, Santa Monica, CA, 90405 $2,450,000 6 -- 4,607 4,607 SqFt

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ByOwner last updated this listing 06/15/2026 @ 16:29

MLS: 26654207 LISTED BY: Julie Lovett, Coldwell Banker Realty 310-458-0091 SOURCE: CRMLS

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