2517 20th Street, Santa Monica, CA 90405

  • $2,250,000
2517 20th Street, Santa Monica, CA 90405
Active
2517 20th Street, Santa Monica, CA 90405
2517 20th Street, Santa Monica, CA 90405
  • $2,250,000

Description

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.

  • Address 2517 20th Street
  • City Santa Monica
  • State/county CA
  • Zip/Postal Code 90405
  • Country US

Details

Updated on April 29, 2025 at 6:27 pm
  • Property ID: 25486165
  • Price: $2,250,000
  • Property Size: 3219
  • Land Area: 0.1553 Acres
  • Bedrooms: 7
  • Bathrooms: 5
  • Garage Size: x x
  • Year Built: 1938
  • Property Type: Residential Income
  • Property Status: Active

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