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Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
$ 2,450,000
Est. payment | /mo
5,420 SqFt
$ 2,450,000
Est. payment | /mo
5,420 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,420 sqft
Price per Sqft $452
MLS Listing ID CRSB25274469
HOA Y/N No
Year Built 1941
Lot Size 7,167 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
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Yeimalis Acevedo-Rasmussen
Broker-Owner | Lic# CA 01727676 | TX 9014437