1017 5th, Santa Monica, California image 1
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1017 5th

Santa Monica, CA 90403
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$5,485,000 $23,124/Mo
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Bed 12

Bed

Bath 11

Bath

SqFt7,496

Sqft(Lot)

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 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,485,000

AD Id : 90991707

MLS Id : SB26194031

Beds : 12

Lot Size : 7,496 Sqft

Year Built : 1958

County : Los Angeles

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Feature Features

  • Interior Features

    Appliances: Dryer, Washer
    Laundry Features: CommonArea, InGarage, InKitchen, Outside, UpperLevel

  • Building Information

    Year Built: 1958
    Building Area Total: 7494
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7496 Lot Size Acres: 0.1721 Lot Size Source: Assessor Lot Size Square Feet: 7,496 Lot Description: ElevenToFifteenUnitsAcre

  • Listing Price Information

    Listing Price: $5485000
    Conventional

  • Tax Information

    Parcel Number: 4292011018 Tax Lot: U Tax Block: 71

  • Location Information

    Direction: North of Wilshire Blvd, south of Montana Ave, west of Lincoln Blvd. WaterSource: Private
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
222 228 Idaho, Santa Monica, CA, 90403 $7,795,000 3 4 -- 15,006 Sqft

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/07/2026 @ 11:18

MLS: SB26194031 LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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