Home | Los Angeles County | Santa Monica | 90403 | 1017 5th
MLS: CRSB26194031 | Status: | Price: $5,485,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,496 | 1958 |
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.
| Field | Value |
|---|---|
| MLS # | CRSB26194031 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Appliances | Other, Dryer, Washer |
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Covered Parking, Garage: 0 Car(s) |
| Water | Private |
| HOA Fee | $0 |
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
License #: 02035763
Phone: (310) 259-7556
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
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This listing information is up-to-date as of September 05, 2026. For the most current information, please contact Cameron Samimi, (310) 259-7556.