2517 20th Street, Santa Monica, California 90405 - $2,485,000 | Allan Real Estate Investments
Location
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Property Highlights
$2,485,000
2517 20th St
Santa Monica, CA, 90405
2517 20th St
•Santa Monica, CA, 90405
7
Bedrooms
5
Bathrooms
3,219
Square Feet
8
Days on Market
7
Bedrooms
5
Bathrooms
3,219
Square Feet
8
Days on Market
About
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 appeal and offers long-term growth potential. The property has been meticulously maintained. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Four of the five units have been remodeled; three feature in-unit laundry, the other two units have private laundry inside their garage. There are refinished hardwood floors, three of the five units have split AC units, quartz/granite countertops and tiled showers. In January 2025 a new roof was installed on the rear building, and in late 2024 the front building was recoated. Two of the front units have individual enclosed garages; three units have assigned parking. This property offers both immediate rental income and long-term growth potential. 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 a fantastic opportunity for investors seeking a steady cash flow in a thriving market. There is an excellent property management company in place.
Listed by Julie Lovett with Coldwell Banker Realty (310) 458-0091