Property Details
About this Property
We are pleased to present 2332 20th Street in Santa Monica. Operating at a 5.25% CAP rate and 12.8 GRM, this high-yield asset generates nearly $200,000 in gross annual income with over 30% in rental upside. The property features an ideal unit mix of (3) 2-bed/1-bath units, (2) 1-bed/1-bath units, and a fully remodeled 2-bed/1-bath detached front house (1,288 sq ft), offering excellent owner-user potential. Major capital improvements—including the renovated front house, upgraded unit interiors, main sewer line replacement, and completed seismic retrofit—provide low future maintenance and strong long-term stability. Additional amenities include on-site laundry and five carport spaces with alley access. Just one block from Santa Monica College and moments from Ocean Park’s vibrant retail and dining, the property offers an unbeatable location with easy access to the 10 Freeway. This is a rare chance to acquire a well-maintained, income-producing building with both immediate returns and significant upside in a prime Santa Monica neighborhood.
MLS Listing Information
MLS #
CRSB25274469
MLS Source
California Regional MLS
Days on Site
1
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2332 20th St is a Residential Income in Santa Monica, CA 90405. This – square foot property sits on a 7,167 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,450,000 and was built in 1941. This address can also be written as 2332 20th St, Santa Monica, CA 90405.
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This listing information is up-to-date as of December 11, 2025. For the most current information, please contact Larson Harley, (949) 933-1112
