2517 20th Street, Santa Monica, CA 90405
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
2517 20th Street,Santa Monica, CA 90405
$2,485,000
- 7 Beds
- 5 Baths
- 3,219 sq. ft.
- Multi-family
- Active
Listed by: julie lovett
Office: coldwell banker realty310-458-0091
MLS#:26654207
Source:CRMLS
Price summary
- Price:$2,485,000
- Price per sq. ft.:$771.98
About this home
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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Home facts
- Year built:1938
- Listing ID #:26654207
- Added:73 day(s) ago
- Updated:May 03, 2026 at 10:43 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Flooring:Wood
- Kitchen Description:Refrigerator
- Living area:3,219 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1938
- Building area:3,219 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Spanish
- Levels:1 Story
Finances and disclosures
- Price:$2,485,000
- Price per sq. ft.:$771.98
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Assigned
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