1017 5th, Santa Monica, CA 90403

Santa Monica
Local realty services provided by:ERA North Orange County Real Estate
1017 5th,Santa Monica, CA 90403
$5,485,000
  • - Beds
  • - Baths
  • 7,494 sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26194031
Source:CRMLS

Price summary

  • Price:$5,485,000
  • Price per sq. ft.:$731.92

About this home

An exceptional opportunity to acquire a meticulously remodeled 11-unit apartment building in one of Santa Monica’s most coveted North of Wilshire locations. 1017 5th Street offers the rare combination of a true trophy-quality location, high-end renovated units and investment returns that are exceedingly difficult to find in prime Santa Monica. Offered at $5,485,000, the property generates a compelling 5.39% current cap rate and 13.07 GRM, providing investors with unusually strong in-place cash flow for an asset of this quality and location. The investment becomes even more compelling on pro forma rents, reaching approximately a 6.69% cap rate and 11.03 GRM, with roughly 19% remaining rental upside. The property has undergone extensive upgrades and features beautifully remodeled, high-end units designed to attract Santa Monica’s premium renter base. This is not a heavy value-add project requiring years of construction, tenant turnover and capital expenditures. The work has...

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Home facts

  • Year built:1958
  • Listing ID #:SB26194031
  • Added:3 day(s) ago
  • Updated:September 07, 2026 at 11:02 AM

Rooms and interior

  • Living area:7,494 sq. ft.

Structure and exterior

  • Year built:1958
  • Building area:7,494 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Private
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,485,000
  • Price per sq. ft.:$731.92

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Outside, Washer

Parking

  • Total parking spaces:13
  • Parking description:13 Carport Space(s), Covered, Tandem
  • Carport spaces:13
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