2517 20th St - Apartments FOR SALE


Santa Monica, CA 90405- Sunset Park
$2,250,000 USD
310-899-3514
2517 20th St, Santa Monica, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/10
null | 5.65% Cap Rate

2517 20th St
Santa Monica, CA 90405
Sunset Park


HIGHLIGHTS

  • Great investment income property!
  • Prime Santa Monica location. Within minutes to Ocean Park Blvd. retail, Santa Monica College & more!
  • Beautifully remodeled with in-unit laundry, refinished hardwood floors, split AC units, updated bathrooms

OVERVIEW

This exceptionally charming 5-unit residential property presents an incredible investment opportunity in a prime Santa Monica location. Built in 1938 this updated property has immense charm and offers long-term growth potential. The property has been meticulously maintained. Four of the five units have been remodeled and three feature in-unit laundry, the other two have private laundry inside their garage. Original, refinished hardwood floors, two of the units have split AC units, two of the units have quartz and granite countertops, and tiled showers. There is gated entry and a new roof on the rear building, the front building has been recoated. Comprised of 5 units, this property offers both immediate rental income and long-term growth potential. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Two of the front units on the ground level have individual enclosed garages. The two rear units each have a storage garage. Centrally located near transportation, schools, shopping, parks, and the best Santa Monica has to offer. The current tenants are professionals and the units are well maintained. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving market.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$686 USD /SF

# OF UNITS

5

PRICE/UNIT

$450,000

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R2, Santa Monica

APN/PARCEL ID

4273-019-010

ASK ABOUT THIS PROPERTY

Julie LovettColdwell Banker Commercial RealtyMore Info
310-899-3514

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Julie LovettColdwell Banker Commercial RealtyMore Info
310-899-3514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.