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.
Property Details
Price:
$2,450,000
MLS #:
26653771
Status:
Active
Beds:
6
Baths:
6
Type:
Single Family
Neighborhood:
c14santamonica
Listed Date:
Feb 24, 2026
Finished Sq Ft:
3,008
Total Sq Ft:
3,008
Lot Size:
7,940 sqft / 0.18 acres (approx)
Year Built:
1929
See this Listing
Schools
Interior
Appliances
RF
Heating
WL
Exterior
Parking Spots
6
Financial
Map
Community
- Address2122 20th ST Santa Monica CA
- CitySanta Monica
- CountyLos Angeles
- Zip Code90405
Market Summary
Current real estate data for Single Family in Santa Monica as of Mar 03, 2026
419
Single Family Listed
82
Avg DOM
463
Avg $ / SqFt
$1,922,107
Avg List Price
Property Summary
- 2122 20th ST Santa Monica CA is a Single Family for sale in Santa Monica, CA, 90405. It is listed for $2,450,000 and features 6 beds, 6 baths, and has approximately 3,008 square feet of living space, and was originally constructed in 1929. The current price per square foot is $814. The average price per square foot for Single Family listings in Santa Monica is $463. The average listing price for Single Family in Santa Monica is $1,922,107.
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