6-Unit Apartment
New
For Sale
$3,195,000
2331 20th St, Santa Monica, CA 90405
A two-level owner’s residence is paired with a varied apartment mix, on-site laundry, and covered parking.
Property Size6,982 SF
Days on Market5
Property Features for 2331 20th St
General Information
Standard status
Active
Size
6,982 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Pico
Units
Unit Mix
1 x 3BR/2.5BA, 3 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Amenities
fireplace
walk-in closets
built-in storage
private patios or balconies
on-site laundry
covered parking
Building Details
Building Size
6,982 SF
Year Built
1968
Buildings
1
Listing Agency:
Miller & Desatnik Realty Co.
Listed By:
Gary Fox · License #00847295
(310) 202-9166
Source:
Rochellemaize
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 10:55AM
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.
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Investment Insights
Based on property information with market context.
This 1968 apartment property contains six residences, led by a two-level townhome with three bedrooms and two-and-one-half baths. Its layout includes living and dining areas, a fireplace, a kitchen, and storage. The other five apartments comprise three two-bedroom, two-bath units and two one-bedroom, one-bath units. Features in select apartments include laminate flooring, separate dining areas, walk-in closets, built-in storage, and private patios or balconies. On-site laundry and covered parking serve the property.
The building is in Santa Monica’s Sunset Park neighborhood, near restaurants, shops, and parks. The townhome provides an owner-occupant residence, while the five additional apartments contribute rental income.
The building is in Santa Monica’s Sunset Park neighborhood, near restaurants, shops, and parks. The townhome provides an owner-occupant residence, while the five additional apartments contribute rental income.
Key Highlights
- Six residences: one three‑bedroom townhome, three two‑bedroom apartments, and two one‑bedroom apartments
- Owner’s townhome spans two levels and has 2‑and‑one‑half baths
- Townhome includes a fireplace, living and dining areas, kitchen, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,346
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,246,920
$2.2M
Cap Rate 7%
$1,604,943
$1.6M
Cap Rate 9%
$1,248,289
$1.2M
Market Conditions
NOI Build-Up for 6,982 SF
Gross rent
$222.0K $31.80/SF
− Vacancy
−$17.8K −$2.54/SF
EGI
$204.3K $29.26/SF
− OpEx
−$91.9K −$13.17/SF
NOI
$112.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,246,920
Cap Rate 7%
$1,604,943
Cap Rate 9%
$1,248,289
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,346 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,669 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,142
Businesses Nearby
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Business Placement
Demographics for 90405, CA
27,966
Population
15,726
Households
1.8
Avg Household Size
43
Median Age
70%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
9,988
Density / Sq Mi
$114,489
Median Household Income
$84,727
Median Earnings
$2,311
Median Rent
$1,940,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A two-level owner’s residence is paired with a varied apartment mix, on-site laundry, and covered parking.
Where is this apartment building located?
The property is located at 2331 20th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Six residences: one three‑bedroom townhome, three two‑bedroom apartments, and two one‑bedroom apartments; Owner’s townhome spans two levels and has 2‑and‑one‑half baths; Townhome includes a fireplace, living and dining areas, kitchen, and storage
