2122 20th Street, Santa Monica, CA 90405

Santa Monica
Local realty services provided by:ERA Excel Realty
2122 20th Street,Santa Monica, CA 90405
$2,350,000
  • 6 Beds
  • 6 Baths
  • 3,008 sq. ft.
  • Multi-family
  • Active
Listed by: david miller
Office: miller & desatnik realty co.310-202-9166
MLS#:26653771
Source:CRMLS

Price summary

  • Price:$2,350,000
  • Price per sq. ft.:$781.25

About this home

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,...

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Home facts

  • Year built:1929
  • Listing ID #:26653771
  • Added:67 day(s) ago
  • Updated:May 03, 2026 at 10:43 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Kitchen Description:Refrigerator
  • Living area:3,008 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1929
  • Building area:3,008 sq. ft.
  • Lot area:0.18 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$2,350,000
  • Price per sq. ft.:$781.25

Parking

  • Total parking spaces:6
  • Parking description:Garage
  • Garage:Yes
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