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2332 20th St
Santa Monica, CA 90405 Sunset Park

$2,450,000 USD

Apartments For Sale  •  5,420 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,420 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1959
  • Cap Rate 5.25 %
  • Zoning R2
50 Transit Score
69 Walk Score

Highlights

High-Yield Santa Monica Opportunity: 5.25% CAP & 12.8 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

Property Flyers

Financial Summary (Actual)

Net Operating Income: $128,546 USD (2025)
Cap Rate: 5.25 %
Total Expenses: $57,019 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Walking/Biking Trails
  • Kitchen
  • Oven
  • Range
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
26Th St/Bergamont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 20 min 1.1 mi
AirportDriveWalkDistance
Los Angeles International 17 min - 8.4 mi
Bob Hope 32 min - 21.6 mi
Long Beach (Daugherty Field) 37 min - 28.0 mi
Larson Harley 949-933-1112 Lyon Stahl Investment Real Estate
Larson Harley 949-933-1112 Lyon Stahl Investment Real Estate