2517 20th St

Discover the vibrant surroundings of this Santa Monica location, where the allure of coastal living meets a dynamic business environment. Situated near popular spots such as Santa Monica Beach, Third Street Promenade, and the iconic Santa Monica Pier, the area offers a blend of leisure, culture, and commerce. With renowned dining, shopping, and entertainment options nearby, as well as close proximity to major tech and media companies, the location presents a prime opportunity for office building investment. Embrace the coastal lifestyle while capitalizing on the strong economic potential of this thriving market.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.