2122 20th ST, Santa Monica, CA 90405
2122 20th ST, Santa Monica, CA 90405
2122 20th ST, Santa Monica, CA 90405
2122 20th ST, Santa Monica, CA 90405
2122 20th ST, Santa Monica, CA 90405
2122 20th ST, Santa Monica, CA 90405
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Michael Plummer

Michael Plummer

+1(949) 478-1660
$ 2,300,000
Est. payment | /mo

6 Beds

6 Baths

3,008 SqFt

Save
$ 2,300,000
Est. payment | /mo
Save

6 Beds

6 Baths

3,008 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,008 sqft

Price per Sqft $764

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by David Miller Miller & Desatnik Realty Co. #02105346
Michael Plummer

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 478-1660

michael@michaelplummergroup.com

28142 Haria, Mission Viejo, CA 92692, Mission Viejo, California, 92692, USA

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2122 20th ST