848 5th Street, Santa Monica, CA 90403

Santa Monica
Local realty services provided by:ERA North Orange County Real Estate
848 5th Street,Santa Monica, CA 90403
$4,075,000
  • 4 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: raymond rodriguez
Office: equity union
MLS#:SR26204863
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,075,000

About this home

The Fifth &󠃍󠂏󠃢󠂁󠂠󠃢󠂁󠂠󠃢󠂁󠂢󠃢󠂁󠂢󠃳󠂠󠂀󠂠 Montana is a 10-unit multifamily property located at 848 5th Street in Santa Monica's Wilshire-Montana neighborhood, approximately one block south of Montana Avenue. The property offers strong in-place income, 12 parking spaces for 10 units, and approximately 11.8% rental upside. Current NOI is estimated at approximately $225,450, with a 5.53% current cap rate. At market rents, projected NOI is approximately $263,211 with a projected 6.46% market cap rate. Built in 1956, the two-building property comprises approximately 7,192 square feet on an approximately 7,492-square-foot lot. The unit mix includes three studios, six one-bedroom units, and one three-bedroom, three-bath unit. Parking consists of seven subterranean spaces and five rear alley garage spaces, providing approximately 1.2 spaces per unit. Six of the ten units have undergone renovations, including three remodeled since 2024. Additional improvements include a roof overlay...

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Home facts

  • Listing ID #:SR26204863
  • Added:1 day(s) ago
  • Updated:September 20, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$4,075,000
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