Listed by Coldwell Banker Commercial Los Angeles
$2,280,000
2517 20th St
Details
APN 4273-019-010
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 3,219
Units 5
Cap Rate 5.01%
NOI $114,143
Occupancy 100%
Class B
Year Built 1938
Year Renovated 2026
Buildings 2
Stories 2
Lot Size (SqFt) 6,766
Zoning R2
Multifamily | 5+% CAP | 5 Units
Marketing description
Coldwell Banker Commercial Realty is pleased to present the exclusive opportunity to acquire 2517 20th Street, an exceptionally well-maintained, five-unit multifamily property located in the highly sought-after coastal community of Santa Monica, California. Originally built in 1938, this charming lowrise/ garden asset comprises 3,219 square feet of rentable space situated on a 6,766-square-foot R2- zoned lot. This property has just undergone significant capital improvements. The foundation work is 100% complete, and all soft-story retrofitting was completed in March 2026, giving you a building that is fully stabilized and ready to go.
Operating at a 100% occupancy rate, the property yields a highly attractive Cap Rate of 5.01%. Four of the five units have been completely remodeled with modern, high-end finishes, offering strong current cash flow with continued upside. For an investor seeking a stabilized, virtually zero-deferred maintenance asset in one of Southern California's premier, rent-resilient submarkets, 2517 20th Street represents a rare, turnkey acquisition.
This is a charming 5-unit residential property located at 2517 20th Street that's just waiting for the right investor. Built in 1938 and beautifully remodeled, this property has strong curb appeal and offers long-term growth potential.
Inside, you'll find three bright and airy 1-bed/1-bath units and two spacious 2-bed/1-bath units. Four out of the five units have been remodeled with stylish modern finishes including refinished hardwood floors, quartz/granite counters, and tiled showers. Three of the units feature in-unit laundry, the other two units have private laundry inside their garage.
Other recent upgrades include a new roof installed on the rear building in January 2025 and in late 2024 the front building was recoated. All units include parking: two of the front units have individual enclosed garages; three units have assigned parking. The foundation work is 100% complete, and all soft-story retrofitting was completed in March 2026, giving you a building that is fully stabilized and ready to go.
Prime Santa Monica location near transportation, schools, shopping, parks and the best that Santa Monica has to offer. The current tenants are great professionals, and the property is in excellent condition. Plus, there's a stellar property management company already in place to make things even smoother.
This is a golden chance for steady cash flow in a market that just keeps getting better. Let's chat about how this incredible property can fit into your investment goals!
Investment highlights
- 3,219 SF building
- Five units
- Zoned R2
- Prime Santa Monica location
- 100% occupancy
- 4/5 units have been remodeled
- Private laundry
- Quartz/granite countertops
- Tiled showers
- Assigned private garages/parking spaces
Listing Contacts
Listed by Coldwell Banker Commercial Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,143.00
$9,511.92/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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