Property Detail
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.
Map Location
Listing provided courtesy of Larson Harley of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-12-14 09:11:19.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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