Multi-Family for sale in Southern California — $2,300,000. 6 beds · 6 baths · 3,008 sqft. 4% assumable interest rate until November 2026! Exceptional six-unit investment opportunity in a prime Santa Monica location, just moments from Santa Monica College. This well-positioned multifamily property features…
$2,300,000
2122 20th Street, Santa Monica, CA 90405
4% assumable interest rate until November 2026! Exceptional six-unit investment opportunity in a prime Santa Monica location, just moments from Santa Monica College. This well-positioned multifamily property features six spacious 1-bedroom, 1-bathroom units, offering strong rental appeal in one of the Westside's most desirable and supply-constrained rental markets.With two vacant units, investors benefit from immediate upside potential through lease-up at market rents or the flexibility for an owner-user strategy. The property currently generates $179,604 in gross annual income, reflecting a 13.64 GRM and a 5% cap rate making it a compelling addition to any multifamily portfolio.Value-add opportunity: The rear storage area and existing garages present excellent potential for ADU conversion (buyer to verify), creating a meaningful opportunity to increase unit count and substantially enhance long-term cash flow and asset value.Tenants enjoy close proximity to world-class beaches, premier shopping and dining, and convenient access to major employment hubs throughout the Westside and Greater Los Angeles area. This is a rare opportunity to acquire a stable coastal asset with built-in upside in one of Southern California's most sought-after communities.
Listing updated: June 17, 2026 at 3:09 PM
Listed by: David Miller, Miller & Desatnik Realty Co.
Source: CRMLS, MLS#: 26653771, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/17/2026 Source: CRMLS, #26653771 | Price change | $2,300,000$765/sqft-2.1% |
| 2/23/2026Source: CRMLS, #26653771 | Listed for sale | $2,350,000$781/sqft |
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