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Listed by: Cameron Samimi (310) 259-7556 DRE #02035763 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$5,199,000
Monthly Est:$25,877
12 Beds
11 Baths
7,494sqft
1017 5th, Santa Monica, CA 90403
$5,199,000
$25,877/moEst:
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Apartment
Built in 1958
$-- HOA
7,496 sqft lot
$694/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 $5,199,000, the property generates a compelling 5.75% current cap rate and 12.39 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 7.13% cap rate and 12.39 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 largely been done, creating an exceptionally easy-to-own and easy-to-manage asset with strong income from day one.
- Houzeo last checked: 8 minutes ago
- Listing updated: October 25, 2026 at 5:43 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
54
Cumulative Days on Market
51
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 11
Interior
Sewer
Public Sewer
Appliances
Dryer, Washer
Utilities & Energy
Parking Features
Covered, Tandem
Water Source
Private
Pool Features
None
Laundry Features
Common Area, In Garage, In Kitchen, Outside, Upper Level
Other Features
Community Features
Biking, Curbs, Dog Park, Golf, Suburban, Sidewalks
Tenant Pays
Electricity, Gas
Lot Features
Eleven To Fifteen Units Acre
Price History
| Date | Event | Price |
|---|---|---|
09/04/2026 Source: | Listed for Sale | $5,485,000 +5.50% $732/sqft |
09/04/2026 Source: | Price Decreased | $5,199,000 -5.21% $694/sqft |
09/03/2026 Source: | Coming Soon | $5,485,000 $732/sqft |
Wilshire/Montana Ranks #7 in Santa Monica, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 29, 2026, 06:00AM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
