This exceptionally charming 5-unit residential property presents an incredible investment opportunity in a prime Santa Monica location. Built in 1938 this updated property has immense appeal and offers long-term growth potential. The property has been meticulously maintained. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Four of the five units have been remodeled; three feature in-unit laundry, the other two units have private laundry inside their garage. There are refinished hardwood floors, two of the three front units have split AC units, quartz/granite countertops and tiled showers. There is a new roof on the rear building, the front building has been recoated. Two of the front units have individual enclosed garages; three units have assigned parking. This property offers both immediate rental income and long-term growth potential. Centrally located near transportation, schools, shopping, parks, and the best Santa Monica has to offer. The current tenants are professionals and the units are well maintained. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving market. There is an excellent management company in place.
Property Details
Price:
$2,250,000
MLS #:
25486165
Status:
Active
Baths:
0
Address:
2517 20th Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Jan 20, 2025
State:
CA
ZIP:
90405
Lot Size:
6,766 sqft / 0.16 acres (approx)
Year Built:
1938
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Schools
Interior
Appliances
Refrigerator
Fireplace Features
None
Flooring
Wood
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
0.00
Stories Total
2
Financial
Tenant Pays
Electricity, Gas, Cable T V
Map
Community
- Address2517 20th Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90405
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2517 20th Street
Santa Monica, CA
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