Active
$3,975,000
7 Units
15 Beds
15 Baths
9,598 Area(sq.ft.)
Lot: 8,016 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2.50 | No | $ 5,343 | $ 5,343 | $ 6,950 |
| Unit 2 | 1 | 2 | 2 | No | $ 3,196 | $ 3,196 | $ 4,500 |
| Unit 3 | 1 | 2 | 2 | No | $ 3,167 | $ 3,167 | $ 4,500 |
| Unit 4 | 1 | 2 | 2 | No | $ 2,988 | $ 2,988 | $ 4,500 |
| Unit 5 | 1 | 2 | 2 | No | $ 3,413 | $ 3,413 | $ 5,000 |
| Unit 6 | 1 | 2 | 2 | No | $ 3,313 | $ 3,313 | $ 4,500 |
| Unit 7 | 1 | 2 | 2 | No | $ 3,040 | $ 3,040 | $ 4,750 |
| 7 | 15 | 15 | $ 24,460 | $ 24,460 | $ 34,700 |
| MLS #: | 25541631 |
| Days On Market: | 200 |
| Listing Date: | May 20, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 414 |
| Price per unit: | $ 567,857 |
| Year Built: | 1968 |
Property Details
Proudly presenting a rare and exceptional 7-unit multifamily opportunity in the heart of Santa Monica, located just steps from the highly coveted Montana Avenue. Built in 1968, 811 20th Street combines classic architectural charm with oversized, thoughtfully designed floor plans. This is an ideal investment for both long-term hold and owner-user potential. This is a twin building to 817 20th Street. 811 20th Street and 817 20th Street are being sold separately. The centerpiece of the property is a spacious, tri-level townhome-style owner's unit, estimated at approximately 2,400 square feet. It features direct private garage access into a bonus room, with a spiral staircase leading to the main level complete with a formal dining area, breakfast nook, a large living room with fireplace and balcony, and a den with built-in vintage bar. The top level includes a generous primary suite with dressing area and en-suite bath, along with two additional bedrooms and a second bathroom. In-unit laundry and abundant storage complete the offering. Vintage charm meets scale and privacy rarely found in multifamily living. The six remaining units are each approximately 1,200 square feet and feature spacious two-bedroom, two-bath layouts. Several units include sunken living rooms, split-level designs, or private rooftop decks. All have high ceilings and private outdoor areas either patios, balconies, or roof terrace offering an elevated living experience for tenants. Currently 100% occupied, this property provides significant rental upside estimated at approximately 42%. Recent upgrades include updated electrical, copper plumbing (buyer to verify), a newer roof, and ample on-site parking. Shared laundry facilities and well-maintained common areas add to tenant appeal. This is a rare chance to acquire a generational asset in one of the most prestigious and consistently high-performing rental markets on the WestsideInterested in this Listing?
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Income Details
| Gross Operating Income: | $ 294,120 |
| Total Annual Expense: | $ 95,397 |
| Net Operating Income: | $ 194,312 |
| Gross Annual Income: | $ 293,520 |
| Cap Rate: | 4.92% |
| Gross Rent Multiplier: | 13.43 |
Structure
| Type of Units: | Townhome |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Garage Is Attached |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | Electric |
Exterior
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