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Santa Monica, CA 90403 1017 5th Street

$4,995,000

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Presented By: Scott Ammann with The Beverly Hills Estates;
  • MLS# 24376265
  • 04/11/2024
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 11
  • FootageSQFT • 7,881
  • GarageGarage • 1

Home Details

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.
Presented By: Scott Ammann with The Beverly Hills Estates;

Interior Features for 1017 5th Street

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths11

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 1017 5th Street

Additional Parcels Y/NNo
AppliancesDisposal, Refrigerator
Attached Garage Yes
Carport Spaces9.0
Carport Y/NYes
CitySanta Monica
CoolingWallWindowUnits
CountyLos Angeles
Days on Market8
DirectionsN of Wilshire, South of Montana
Garage Y/NNo
Gross Income391200.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7494.0
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income272300.0
New ConstructionNo
Open Parking Spaces9.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name5th
Total Units11
View Y/NNo
Waterfront Y/NNo
Year Built1958
ZoningSMR2*

Exterior for 1017 5th Street

Building Area Total7881.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.172
Lot Size Area7494.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAttachedCarport
SpaNo
Total Parking13.0

Additional Details

Price History

1527188455

First Team Client Services

Price $4,995,000
MLS#24376265
List Date 04/11/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors