Rare chance to purchase a pride of ownership multi-family asset in the coveted Franklin School District. Fantastic location in the Wilshire Montana neighborhood on a whimsical tree lined street. This is an ideal opportunity for both savvy investors and discerning owner-users looking to live in a premier neighborhood while generating strong rental income. The crown jewel of this 9,230 sqft building is the expansive 3 bed, 3 bath front "owner’s" townhome, offering approximately 2,198 sqft of living space, a private direct access 2-car garage, with laundry, and a charming front patio. Perfectly suited for an owner occupier seeking a single family feel with the added benefit of rental income from six additional units. The well balanced building includes: (1) 3 bed + 3 bath townhome, (2) 3 bed + 3 bath units, (3) 2 bed + 2 bath unit and (1) 1 bed + 1 bath unit. All units are generously sized and updated, with substantial capital improvements throughout, including: copper plumbing, dual-pane windows, new electrical panels, interior renovations and completed soft-story retrofit! Ample parking (11 spaces), and dedicated storage for each unit enhance the property’s long-term desirability. Situated on an 7,998 sqft lot in a high demand, rent controlled area, this asset offers both immediate cash flow and strong appreciation potential. Whether you’re an investor looking for a stabilized, high quality asset in one of LA’s most desirable markets or an owner-user seeking the perfect live and earn situation, this is a rare Santa Monica opportunity not to be missed!
Property Details
Price:
$3,995,000
MLS #:
25578411
Status:
Active
Baths:
0
Address:
938 20th Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Aug 15, 2025
State:
CA
ZIP:
90403
Lot Size:
7,998 sqft / 0.18 acres (approx)
Year Built:
1969
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Flooring
Wood, Carpet, Laminate
Heating
Central, Wall Furnace
Laundry Features
Washer Included, Dryer Included
Exterior
Parking Features
Carport, Garage – Two Door, Tandem Garage
Parking Spots
11.00
Financial
Map
Community
- Address938 20th Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90403
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938 20th Street
Santa Monica, CA
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