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2517 20th St

Santa Monica, CA 90405
  • $2,250,000
  • STATUS: Active Under Contract
  • ON SITE: 16 Days
  • MLS #: 25-486165
Under Contract
UPDATED: 48 min ago
$2,250,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,219
    SQFT
  • $699
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1938
County:
Area:

School Ratings & Info

Description

This exceptionally charming 5-unit residential property presents an incredible investment opportunity in a prime Santa Monica location. Built in 1938 this updated property has immense charm and offers long-term growth potential. The property has been meticulously maintained. Four of the five units have been remodeled and three feature in-unit laundry, the other two have private laundry inside their garage. Original, refinished hardwood floors, two of the units have split AC units, two of the units have quartz and granite countertops, and tiled showers. There is gated entry and a new roof. Comprised of 5 units, this property offers both immediate rental income and long-term growth potential. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Two of the front units on the ground level have individual enclosed garages. The two rear units each have a storage garage. Centrally located near transportation, schools, shopping, parks, and the best Santa Monica has to offer. The current tenants are professionals and the units are well maintained. One 1 bedroom/1 bathroom unit will be available 2/1/2025. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving market.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-06T06:44:03.957. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/159597546
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2517 20th St Santa Monica, CA 90405

  • Price: $2,250,000
  • Status: Active Under Contract
  • On Site: 16 Days
  • Updated: 48 min ago
  • MLS #: 25-486165
7
Beds
5
Baths
0
½ Baths
0.16
Acres
3,219
SQFT
$699
$/SQFT
1938
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
This exceptionally charming 5-unit residential property presents an incredible investment opportunity in a prime Santa Monica location. Built in 1938 this updated property has immense charm and offers long-term growth potential. The property has been meticulously maintained. Four of the five units have been remodeled and three feature in-unit laundry, the other two have private laundry inside their garage. Original, refinished hardwood floors, two of the units have split AC units, two of the units have quartz and granite countertops, and tiled showers. There is gated entry and a new roof. Comprised of 5 units, this property offers both immediate rental income and long-term growth potential. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Two of the front units on the ground level have individual enclosed garages. The two rear units each have a storage garage. Centrally located near transportation, schools, shopping, parks, and the best Santa Monica has to offer. The current tenants are professionals and the units are well maintained. One 1 bedroom/1 bathroom unit will be available 2/1/2025. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving market.
Exterior Features

Levels OneTwo Lot Size Area 6766 Other Structures None Parking Garage Assigned Style Spanish Total Parking 0

Interior Features

Cooling Wall Unit(s) Equipment RefrigeratorRange/OvenDryerWasher Flooring Hardwood Heating Wall Laundry In UnitCommunity

Property Features

Assessed Total Value 2003077 Disclosures None Gross Income 171354 Gross Operating Income 171354 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 127129.00 Number Of Buildings 2 Number Of Units 5 Owner Pays GardenerWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays ElectricityGasCable TV Total Annual Expense 44225 Type Of Units 5 units Year Built Source Vendor Enhanced Zoning SMR2*

Listing provided courtesy of Julie Lovett DRE#00803205 of Coldwell Banker Realty: 310-458-0091.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-06T06:44:03.957. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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