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. In January 2025 a new roof was installed on the rear building, and in late 2024 the front building was 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 a fantastic opportunity for investors seeking a steady cash flow in a thriving market. There is an excellent property management company in place.
Property Details
Price:
$2,250,000
MLS #:
25486165
Status:
Active Under Contract
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
Flooring
Wood
Heating
Wall Furnace
Laundry Features
Washer Included, Dryer Included, Community
Exterior
Architectural Style
Spanish
Parking Features
Assigned
Parking Spots
0.00
Financial
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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