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Listed by: Cameron Samimi (310) 259-7556 DRE #02035763 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$5,485,000
12 Beds
11 Baths
7,494sqft
1017 5th, Santa Monica, CA 90403
$5,485,000
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Apartment
Built in 1958
$-- HOA
7,496 sqft lot
$732/sq.ft
Description
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 roug...
- Houzeo last checked: 12 minutes ago
- Listing updated: September 13, 2026 at 5:44 pm
- Source: California Regional MLS-CA | MLS#: SB26194031
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1958
HOA Fees
-
Finished Area
7,494 sqft
Lot Size
7,496 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26194031
MLS Status
Active
Days on Market
9
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