2122 20th Street, Santa Monica, CA 90405
Local realty services provided by:CENTURY 21 Century Real Estate
2122 20th Street,Santa Monica, CA 90405
$2,300,000
- 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:$2,300,000
- Price per sq. ft.:$764.63
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, 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....
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Home facts
- Year built:1929
- Listing ID #:26653771
- Added:114 day(s) ago
- Updated:June 19, 2026 at 10:54 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:$2,300,000
- Price per sq. ft.:$764.63
Parking
- Total parking spaces:6
- Parking description:Garage
- Garage:Yes
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