Listed by Miller & Desatnik Realty Corp
$2,350,000
2122 20th Street
Details
APN 4273-002-004
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 3,008
Units 6
Cap Rate 5.25%
NOI $123,272
Year Built 1929
Buildings 1
Stories 1
Lot Size (SqFt) 7,940
Zoning SMR2*
Parking Spaces 6 spaces
Multifamily | 6 Units | $391,667/unit
Marketing description
Exceptional six-unit investment opportunity in a prime Santa Monica location, just moments from Santa Monica College. This well-positioned multifamily property features six spacious 1-bedroom, 1-bathroom units, offering strong rental appeal in one of the Westside's most desirable and supply-constrained rental markets.With two vacant units, investors benefit from immediate upside potential through lease-up at market rents or the flexibility for an owner-user strategy.
Listing Contacts
Listed by Miller & Desatnik Realty Corp
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,272.00
$10,272.67/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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