Six-Unit Multifamily
2122 20th St Santa Monica, CA 90405
2122 20th St, Santa Monica, CA, 90405
$2,300,000
For Sale
$2,300,000
Six 1-bedroom, 1-bath units with two vacancies and potential rear ADU conversion, generating $179,604 gross annually.
Property Size3,008 SF
Price / SF$764.63
Days on Market148
Property Features for 2122 20th St
General Information
- Standard status
- Active
- Size
- 3,008 SF
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 1929
Listing agency
Miller & Desatnik Realty Co.
(310) 939-9300
Listed by
David Miller · License #02105346
Source
Adambrawerestates
Added: Feb 23 Updated: Jul 21 at 7:08AM Checked: Jul 21 at 7:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
Investment Insights
Based on property information with market context.
This for-sale multifamily property contains six spacious 1-bedroom, 1-bath units within a single apartment building. Two units are currently vacant, providing the opportunity for immediate lease-up or other ownership flexibility. The property is reported to generate $179,604 in gross annual income, reflecting a 13.64 GRM and a 5% cap rate.
The offering notes a rear storage area and existing garages that may provide potential for ADU conversion, subject to buyer verification. The property is positioned near Santa Monica College and is described as being in a supply-constrained rental area within Santa Monica.
With current vacancies and an ADU conversion possibility to be confirmed, the building presents a straightforward income-producing configuration for investors seeking both current collections and potential unit expansion.
The offering notes a rear storage area and existing garages that may provide potential for ADU conversion, subject to buyer verification. The property is positioned near Santa Monica College and is described as being in a supply-constrained rental area within Santa Monica.
With current vacancies and an ADU conversion possibility to be confirmed, the building presents a straightforward income-producing configuration for investors seeking both current collections and potential unit expansion.
Key Highlights
- 6‑unit multifamily built in 1929 with six 1‑bedroom, 1‑bath units
- Currently generates $179,604 in gross annual income with a 13.64 GRM and 5% cap rate
- Two units are vacant, offering immediate lease‑up potential
Property Analytics
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FAQs
What type of property is this?
Apartment building - Six 1-bedroom, 1-bath units with two vacancies and potential rear ADU conversion, generating $179,604 gross annually.
Where is this apartment building located?
The property is located at 2122 20th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6‑unit multifamily built in 1929 with six 1‑bedroom, 1‑bath units; Currently generates $179,604 in gross annual income with a 13.64 GRM and 5% cap rate; Two units are vacant, offering immediate lease‑up potential
