2122 20th, Santa Monica CA 90405 | $2,350,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 7940 Lot Sq Ft
  • Type:
  • Stories: 1
  • Year Built: 1929
  • MLS#: 26653771
  • Community: C14 - Santa Monica

Listing provided courtesy of David Miller of Miller & Desatnik Realty Co.. Last updated 2026-04-21 08:11:31.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.18 Acres
1 Story

David Piper

Call or Text: 858-525-5007

DRE# 02021985