2122 20th St, Santa Monica, CA 90405
2122 20th St, Santa Monica, CA 90405
2122 20th St, Santa Monica, CA 90405
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$2,300,000
Est. payment /mo
6 Beds
6 Baths
3,008 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,008 sqft

Price per Sqft $764

MLS Listing ID 26653771

Bedrooms 6

Year Built 1929

Lot Size 7,940 Sqft

Acres 0.1823

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Garage

Garage Spaces 6.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Miller & Desatnik Realty Co.

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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