1017 5TH ST
SANTA MONICA, CA 90403

$4,995,000

12 Beds

11 Baths

7,881 Sq Ft

Status Active

MLS# 24-376265

Incredible investment opportunity located 5 blocks from the beach in the highly desirable Wilshire / Montana neighborhood of Santa Monica. This 11-unit apartment building consists of (3) two bedrooms one bathroom, (6) one bedroom one bathroom, and (2) singles. Units consist of hardwood floors, standard kitchens, and balconies/patios. Currently, there are 9 vacant units giving an investor the opportunity to achieve market rents. Exceptional Santa Monica location - within close distance to Montana Ave, The Third Street Promenade, The Santa Monica Pier and the beach. Soft story retrofit has been completed.

Details for 1017 5TH ST

$634 / Sq Ft

13 parking spaces

Wall

54 Days on website

0.172 acres lot

Interior

Bathrooms Total

Bedrooms Total

Living Area

7,881 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1958

Exterior And Lot

Lot Size Acres

0.172

Lot Size Square Feet

7492

Parking Features

Carport Attached

Parking Total

Zoning

SMR2*

Utilities

Cooling

["Wall/Window"]

Heating

Wall

Area And Schools

City

Santa Monica

County Or Parish

Los Angeles

Financial Info

Gross Operating Income

388800

Gross Rent Multiplier

12.85

Price Per Sq Ft

633.80