$3,995,000
OPEN TUE 11AM - 2PM

938 20th St Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated payment $25,762/month

16 Beds
16 Baths
9,230 Sq Ft
$433 Price per Sq Ft

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room
  • Franklin Elementary School Rated A+
  • Tandem Parking
  • Central Heating

About This Home

Rare chance to purchase a pride of ownership multi-family asset in the coveted Franklin School District. Fantastic location in the Wilshire Montana neighborhood on a whimsical tree lined street. This is an ideal opportunity for both savvy investors and discerning owner-users looking to live in a premier neighborhood while generating strong rental income. The crown jewel of this 9,230 sqft building is the expansive 3 bed, 3 bath front "owner's" townhome, offering approximately 2,198 sqft of living space, a private direct access 2-car garage, with laundry, and a charming front patio. Perfectly suited for an owner occupier seeking a single family feel with the added benefit of rental income from six additional units. The well balanced building includes: (1) 3 bed + 3 bath townhome, (2) 3 bed + 3 bath units, (3) 2 bed + 2 bath unit and (1) 1 bed + 1 bath unit. All units are generously sized and updated, with substantial capital improvements throughout, including: copper plumbing, dual-pane windows, new electrical panels, interior renovations and completed soft-story retrofit! Ample parking (11 spaces), and dedicated storage for each unit enhance the property's long-term desirability. Situated on an 7,998 sqft lot in a high demand, rent controlled area, this asset offers both immediate cash flow and strong appreciation potential. Whether you're an investor looking for a stabilized, high quality asset in one of LA's most desirable markets or an owner-user seeking the perfect live and earn situation, this is a rare Santa Monica opportunity not to be missed!

Listing Agent

Rosanna Eusebio

Compass License #02035443 Listed on: 08/15/2025

Compass

Co-Listing Agent

Charles Pence

Compass License #00670728

Open House Schedule

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,998 Sq Ft Lot

Interior Spaces

  • 9,230 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 11 Parking Spaces
  • Carport
  • Tandem Parking

Utilities

  • Central Heating
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4277-011-008

Community Details

Overview

  • 7 Units
  • Low-Rise Condominium

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Low Rise
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 9230
  • Lot Acreage: 0.1836
  • Stories: 2
  • Year Built: 1969
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Carpet, Mixed, Laminate
  • Bedrooms: 16
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
  • Total Bathrooms: 16.00
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Refrigerator, Dryer, Freezer, Washer
  • Price Per S Q F T: 432.83

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 11
  • Parking Garage: Carport, Garage - 2 Car, Tandem, Garage Is Attached
  • Total Parking: 11

Utilities

  • Cooling: Ceiling Fan
  • Heating: Central, Wall
  • Sewer: In Street

Lot Info

  • Assessed Improvement Percent: 67.14
  • Assessed Improvement Value: 319665
  • Assessed Land Percent: 32.86
  • Assessed Land Value: 156452
  • Total Assessed Value: 476117
  • Assessor Parcel Number: 4277-011-008
  • Lot Size Area: 7998

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 12.23
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 89160
  • Type Of Units: Apartment
  • Vacancy Rate: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 For Sale $3,995,000 0.0% $433 / Sq Ft
07/30/2025 07/30/25 For Rent $3,750 0.0% --
05/25/2024 05/25/24 Price Changed $3,750 +2.7% $4 / Sq Ft
04/05/2024 04/05/24 Price Changed $3,650 -3.9% $4 / Sq Ft
04/04/2024 04/04/24 Price Changed $3,800 -20.0% $4 / Sq Ft
08/08/2023 08/08/23 For Rent $4,750 0.0% --
07/13/2023 07/13/23 For Rent $4,750 0.0% --
06/19/2023 06/19/23 For Rent $4,750 0.0% --
01/01/2023 01/01/23 For Rent $4,750 -- --
Source: The MLS

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See All Homes in Santa Monica

Source: The MLS

MLS Number: 25578411

The MLS

California Los Angeles County Santa Monica 90403 Wilshire Montana

938 20th St, Santa Monica, CA

This home is located at 938 20th St, Santa Monica, CA 90403 and is currently priced at $3,995,000, approximately $432 per square foot. This property was built in 1969. 938 20th St is a home located in Los Angeles County with nearby schools including Franklin Elementary School, Lincoln Middle School, and Santa Monica High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Nearby Homes
Rosanna Eusebio
Listing Agent
Rosanna Eusebio
Section Image
Compass
(424) 300-8139