CA > Santa Monica
Santa Monica, CA 90405,2332 20th St
Santa Monica, CA 90405,2332 20th St
Santa Monica, CA 90405,2332 20th St
Santa Monica, CA 90405,2332 20th St
Santa Monica, CA 90405,2332 20th St
Santa Monica, CA 90405,2332 20th St
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James Olvera

James Olvera

The Warburton Team

+1(909) 760-9091
$ 2,450,000
Est. payment | /mo

7,165 Sqft Lot

Save
$ 2,450,000
Est. payment | /mo
Save

7,165 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25274469

HOA Y/N No

Year Built 1941

Lot Size 7,165 Sqft

Property Sub-Type Mixed Use

Property Description

We are pleased to present 2332 20th Street in Santa Monica. Operating at a 5.25% CAP rate and 12.8 GRM, this high-yield asset generates nearly $200,000 in gross annual income with over 30% in rental upside. The property features an ideal unit mix of (3) 2-bed/1-bath units, (2) 1-bed/1-bath units, and a fully remodeled 2-bed/1-bath detached front house (1,288 sq ft), offering excellent owner-user potential.
Major capital improvements—including the renovated front house, upgraded unit interiors, main sewer line replacement, and completed seismic retrofit—provide low future maintenance and strong long-term stability. Additional amenities include on-site laundry and five carport spaces with alley access.
Just one block from Santa Monica College and moments from Ocean Park's vibrant retail and dining, the property offers an unbeatable location with easy access to the 10 Freeway. This is a rare chance to acquire a well-maintained, income-producing building with both immediate returns and significant upside in a prime Santa Monica neighborhood.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 5

Pool None

Community Features Curbs, Golf, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Lawn, Landscaped

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4273021014

Energy Description 243.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Larson Harley Lyon Stahl Investment Real Estate, Inc. 949-933-1112

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