2517 20th St - Apartments FOR SALE


Santa Monica, CA 90405- Sunset Park
$2,485,000 USD
323-702-2006
2517 20th St, Santa Monica, CA for Sale
$2,485,000 USD
Apartments - FOR SALE
1/10
null | 4.69% Cap Rate

2517 20th St
Santa Monica, CA 90405
Sunset Park


OVERVIEW

This is a charming 5-unit residential property located at 2517 20th Street that's just waiting for the right investor. Built in 1938 and beautifully remodeled, this property has strong curb appeal and offers long-term growth potential. Inside, you'll find three bright and airy 1-bed/1-bath units and two spacious 2-bed/1-bath units. Four out of the five units have been remodeled with stylish modern finishes including refinished hardwood floors, quartz/granite counters, and tiled showers. Three of the units feature in-unit laundry, the other two units have private laundry inside their garage. Other recent upgrades include a new roof installed on the rear building in January 2025 and in late 2024 the front building was recoated. All units include parking: two of the front units have individual enclosed garages; three units have assigned parking. The foundation work is 100% complete, and all soft-story retrofitting will be wrapped up by March 2026, giving you a building that is fully stabilized and ready to go. Prime Santa Monica location near transportation, schools, shopping, parks and the best that Santa Monica has to offer. The current tenants are great professionals, and the property is in excellent condition. Plus, there's a stellar property management company already in place to make things even smoother. This is a golden chance for steady cash flow in a market that just keeps getting better. Let's chat about how this incredible property can fit into your investment goals!

FOR SALE DETAILS

PRICE

$2,485,000 USD

PRICE/SF

$772 USD /SF

# OF UNITS

5

PRICE/UNIT

$497,000

CAP RATE

4.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R2, Santa Monica

APN/PARCEL ID

4273-019-010

ASK ABOUT THIS PROPERTY

Dave MaldonadoColdwell Banker Commercial RealtyMore Info
323-702-2006

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Dave MaldonadoColdwell Banker Commercial RealtyMore Info
323-702-2006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.