2517 20th St
- 3,219 SF building
- Five units
- Zoned R2
- Prime Santa Monica location
- 100% occupancy
- 4/5 units have been remodeled
- private laundry
- quartz/granite countertops
- tiled showers
- assigned private garages/parking space
- ZERO Seismic Liability (Turnkey Asset): The soft-story retrofit was completed in March 2026, and all foundation work has been completed as well. Investors bypass the massive capital expenditures and tenant disruptions typical of Santa Monica investments.
Property Description
Coldwell Banker Commercial Realty is pleased to present the exclusive opportunity to acquire 2517 20th Street, an exceptionally well-maintained, five-unit multifamily property located in the highly sought-after coastal community of Santa Monica, California. Originally built in 1938, this charming low-rise/garden asset comprises 3,219 square feet of rentable space situated on a 6,766-square-foot R2-zoned lot. The property has recently undergone extensive capital improvements, most notably the 100% completion of all soft-story retrofitting and foundation work. Operating at a 100% occupancy rate, the property yields a highly attractive Cap Rate of 5.01%. Four of the five units have been completely remodeled with modern, high-end finishes, offering strong current cash flow with continued upside. For an investor seeking a stabilized, virtually zero-deferred-maintenance asset in one of Southern California's premier, rent-resilient submarkets, 2517 20th Street represents a rare, turnkey acquisition.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,280,000 |
| No. of Units: | 5 |
| Average Occupancy: | 5.01 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Price per unit: | $456,000 |
| Property Website | Click Here |
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