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Investment Highlights

  • 7-unit bungalow-style apartment community in prime Sunset Park of Santa Monica
  • Family owned and operated for over 50 years
  • Updated electrical panels
  • Strong in-place fundamentals with significant rental upside
  • Beautifully landscaped grounds with a private, residential feel

Executive Summary

Jonathan Taksa of the Taksa Investment Group is truly pleased to presented a generational investment opportunity. 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 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, cafés, fitness studios, and some of the Westside’s most popular dining spots. Residents also enjoy close proximity to Santa Monica 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, 2411-2417 20th Street represents a truly rare opportunity.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $219,283 $44.64
Other Income $11,628 $2.37
Vacancy Loss $6,578 $1.34
Effective Gross Income $224,332 $45.67
Taxes - -
Operating Expenses - -
Total Expenses $79,135 $16.11
Net Operating Income $145,197 $29.56

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $219,283
Annual Per SF $44.64
Other Income (CAD)
Annual $11,628
Annual Per SF $2.37
Vacancy Loss (CAD)
Annual $6,578
Annual Per SF $1.34
Effective Gross Income (CAD)
Annual $224,332
Annual Per SF $45.67
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $79,135
Annual Per SF $16.11
Net Operating Income (CAD)
Annual $145,197
Annual Per SF $29.56

Property Facts

Price $2,976,095 CAD
Price Per Unit $425,156 CAD
Sale Type Investment
Gross Rent Multiplier 12.89
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.31 AC
Building Size 4,912 SF
Average Occupancy 100%
No. Stories 1
Year Built 1935
Parking Ratio 2.65/1,000 SF
Zoning R2, Santa Monica

Amenities

Unit Amenities

  • Fireplace

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 2 - 850
1+1 4 - 700
Studios 1 - 400
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
4273-018-014
Land Assessment
$1,098,519 CAD (2025)
Improvements Assessment
$244,099 CAD (2025)
Total Assessment
$1,342,618 CAD (2025)
  • Listing ID: 40681148

  • Date on Market: 2026-05-27

  • Last Updated:

  • Address: 2411 20th St, Santa Monica, CA 90405

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