The Harley Group at Lyon Stahl is pleased to present 2332 20th Street in Santa Monica. Operating at a 5.25% CAP rate and 12.8 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.
