2332 20th St
Multifamily | 6 Units | $375,000/unit
Marketing description
The Harley Group at Lyon Stahl is pleased to present 2332 20th Street in Santa Monica. Operating at a 5.82% CAP rate and 11.76 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.
Investment highlights
- High-Yield Santa Monica Opportunity: 5.82% CAP & 11.76 GRM
- Generating Nearly $200,000 in Gross Annual Income | 30% in Rental Upside
- Strong Unit Mix of (4) 2-Bed/1-Bath Units & (2) 1-Bed/1-Bath Units
- Owner-User Potential with a 1,288 SF Detached House in the Front and 5-Units in the Rear
- Front House is Fully Renovated | Upgraded Units | Main Sewer Line Replaced | Seismic Retrofit Completed
- On-Site Laundry & Five Carports with Alley Access
- One Block from Santa Monica College and Close Proximity to Vibrant Retail & Restaurants in Ocean Park | Easy Access to the 10 Fwy
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
