2332 20th St Immeuble residentiel 6 lots 1 963 029 € (327 172 €/Lot) Taux de capitalisation 5,74 % Santa Monica, CA 90405

The Harley Group at Lyon Stahl is pleased to present 2332 20th Street in Santa Monica. Operating at a 5.74% CAP rate and 11.89 GRM, this high-yield asset generates nearly $200,000 in gross annual income with over 30% in rental upside. The property features an ideal unit mix of (3) 2-bed/1-bath units, (2) 1-bed/1-bath units, and a fully remodeled 2-bed/1-bath detached front house (1,288 sq ft), offering excellent owner-user potential.
Major capital improvements—including the renovated front house, upgraded unit interiors, main sewer line replacement, and completed seismic retrofit—provide low future maintenance and strong long-term stability. Additional amenities include on-site laundry and five carport spaces with alley access.
Just one block from Santa Monica College and moments from Ocean Park’s vibrant retail and dining, the property offers an unbeatable location with easy access to the 10 Freeway. This is a rare chance to acquire a well-maintained, income-producing building with both immediate returns and significant upside in a prime Santa Monica neighborhood.

*Please do not disturb the tenants or walk on the premises. The sale is contingent on the seller purchasing a replacement property in a 1031 exchange.*