1017 5th Street

Santa Monica, CA 90403

$4,995,000
Price
12
Beds
11
Baths
7,881 Sq. Ft.
$634 / Sq. Ft.
7,881
Sq. Ft.
$634
per Sq. Ft.

Description

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...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.
  1. Listed by Scott Ammann • DRE #01295980 • Brokerage DRE #01959830 • The Beverly Hills Estates

Property Details for 1017 5th Street

Zoning
SMR2*
Parcel Number
4292011018
Total Units
11.0
Living Area
7881
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
81%
Lot Size Area
7494

Location

Listing Courtesy of The Beverly Hills Estates, Scott Ammann, DRE #01295980
Add your commute
LISTING UPDATED: 04/18/2024 12:01 AM

Property Details for 1017 5th Street

StatusActive
MLS #24-376265
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.17 AC / 7,494 SF
CountyLos Angeles County

Location

Listing Courtesy of The Beverly Hills Estates, Scott Ammann, DRE #01295980
Add your commute

Building Information for 1017 5th Street

Stories2Residences-Year Built1958Building Size-Lot Size0.17 AC / 7,494 SF

Payment Calculator

$28,179 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,260

Property Taxes

$919

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1017 5th Street

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 11
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $388,800
  • Net Operating Income: $272,300.00
  • Gross Income: $391,200
  • Gross Rent Multiplier: $12.85
  • Actual Annual Gross Rent: $388,800.00
  • Total Annual Expense: 116500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.172
  • Lot Size Square Feet: 7494
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 13
  • Covered Parking: 4
  • Open Other Spaces Total: 9
  • Carport Spaces Total: 9
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $11,400.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,400.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $13,600.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,800.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $413,892.00
  • Assessed Improvement Percent: 54.36
  • Assessed Land Value: $347,511.00
  • Assessed Land Percent: 45.64
  • Assessed Total Value: $761,403.00

Property History for 1017 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1017 5th Street

Taxable ValueLand$354,461Additions$425,449Total$779,910
Tax Record2023$11,033 ($919 / month)
Home Facts
Total Finished SqFt7,881 SqFtAbove Grade Finished SqFt7,881 SqFtLot Size7,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningSMR2*CountyLOS ANGELESAPN4292-011-018

Schools near 1017 5th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1017 5th Street is a multi-family home for sale in Santa Monica, CA 90403. This property was listed for sale on April 10, 2024 by The Beverly Hills Estates, it's currently listed at $4,995,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Roosevelt Elementary School, Lincoln Middle School and Santa Monica High School. 1017 5th Street is a 12-bed, 11-bath, 7,881 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Beverly Hills Estates, Scott Ammann, DRE #01295980

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.