811-817 20th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$7,950,000 USD
310-801-3442
811-817 20th St, Santa Monica, CA for Sale
$7,950,000 USD
Apartments - FOR SALE
1/7
null | 4.7% Cap Rate

811-817 20th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Trophy Location - Trophy Asset - Just South of Montana
  • 100 % Occupied
  • Two, Twin 7 Unit Building Situated on 16,032 SF (two lots)
  • Spacious Luxury Residential Units - Townhomes Appx 2,400 SF
  • Updated Systems, Electrical, Plumbing and Roof (buyer to verify)

OVERVIEW

We are proud to present a truly rare and exceptional multifamily opportunity located in the heart of Santa Monica at 811 and 817 20th Street — a pair of twin 7-unit apartment buildings, totaling 14 units. Just steps from the coveted Montana Avenue. These properties offer an unparalleled opportunity for an owner-user to create a bespoke luxury residence while enjoying the benefits of strong existing income, with upside in one of the Westside’s most desirable neighborhoods. The centerpieces of these properties are the spacious, tri-level townhome-style owner's units, estimated at approximately 2,400 square feet. they features direct private garage access into a bonus room, with a spiral staircase leading to the main level—complete with a formal dining area, breakfast nook, a large living room with fireplace and balcony, and a den with built-in vintage bar. The top level includes a generous primary suite with dressing area and en-suite bath, along with two additional bedrooms and a second bathroom. In-unit laundry and abundant storage complete the offering. Vintage charm meets scale and privacy rarely found in multifamily living. The twelve (12) remaining units are each approximately 1,200 square feet and feature spacious two-bedroom, two-bath layouts. Several units include sunken living rooms, split-level designs, or private rooftop decks. All have high ceilings and private outdoor areas—either patios, balconies, or roof terraces—offering an elevated living experience for tenants. Currently 100% occupied, this property provides significant rental upside—estimated at approximately 46%. Recent upgrades include updated electrical, copper plumbing (buyer to verify), a newer roof, and ample on-site parking. Shared laundry facilities and well-maintained common areas add to tenant appeal. Properties to be sold separately. This is a rare chance to acquire a generational asset in one of the most prestigious and consistently high-performing rental markets on the Westside

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$612 USD /SF

# OF UNITS

7

PRICE/UNIT

$1,135,714

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy Asset & Trophy Location -4.70% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,015 SF

ZONING

SMR2*

APN/PARCEL ID

4277-005-017,4277-005-018

ASK ABOUT THIS PROPERTY

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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