Offered as part of a rare six-property portfolio, 2411-2417 20th Street, Santa Monica, CA 90405 presents an exceptional opportunity to acquire a generationally held asset in one of the most sought-after coastal rental markets in Los Angeles. Owned by the same family for over 50 years, the property embodies the… Read More character, charm, and long-term pride of ownership that is increasingly difficult to find particularly in Santa Monica's coveted Sunset Park neighborhood. Originally constructed in 1935, the property consists of 7 bungalow-style units situated on an expansive 13,514 square foot lot, offering a low-density, highly desirable living environment. The improvements are thoughtfully arranged across beautifully landscaped grounds, creating a private, residential feel that strongly appeals to tenants seeking a more home-like setting rather than traditional apartment living. The property features an excellent unit mix comprised of 1 studio unit with a full kitchen, 4 one-bedroom/one-bath units, and 2 two-bedroom/two-bath units, providing a balanced blend of unit types that cater to a wide tenant base. The units offer spacious, well-designed layouts flooded with natural light and enhanced by hardwood flooring, crown moldings, generously sized kitchens, bathrooms, and closets, further reinforcing the asset's timeless appeal. Operationally, the property benefits from upgraded electrical panels, while still presenting significant upside in rents, allowing a new owner to capture meaningful income growth while preserving the charm and integrity of the asset.From a location standpoint, 2411-2417 20th Street is ideally positioned in Sunset Park, one of Santa Monica's most vibrant and desirable neighborhoods. The property is just moments from Main Street, a lively destination known for its boutique retail, cafes, fitness studios, and some of the Westside's most popular dining spots. Residents also enjoy close proximity to SantaMonica Beach, offering immediate access to the ocean, bike paths, and outdoor lifestyle that defines coastal living. The surrounding area is anchored by strong fundamentals, including proximity to Santa Monica High School and other highly regarded schools, as well as convenient access to neighboring Westside hubs such as Venice, Mar Vista, and Santa Monica's broader retail and employment centers. The location offers a seamless blend of coastal lifestyle, walkability, and urban convenience, making it one of the most consistently in-demand rental markets in Los Angeles. For investors seeking a low-density, character-rich asset with substantial rental upside in a premier coastal location, 2411-241720th Street represents a truly rare opportunity. Read Less
Property listed by Remax Commercial and Investment Realty, Jonathan Taksa 310-259-7556
Listing Snapshot
Days Online
27
Last Updated
Beds
8
Square Ft.
4,912
Lot Size
0.31 Acres
Year Built
1935
MLS Number
26839365
Additional Details
Building
Built in 1935, Living area: 4912.0, 5 buildings, 1 storey, Levels: One
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $158,415, Net Operating Income: $104,894
Lot
0.3103 acres
Parking
13 total parking spaces, Assigned
Taxes
Parcel Number: 4273018014, Zoning: SMR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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