1017 5th, Santa Monica, CA 90403

Santa Monica
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1017 5th,Santa Monica, CA 90403
$5,485,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.
MLS#:SB26194031
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,485,000

About this home

An exceptional opportunity to acquire a meticulously remodeled 11-unit apartment building in one of Santa Monicas 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 Monicas 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...

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Home facts

  • Listing ID #:SB26194031
  • Added:4 day(s) ago
  • Updated:September 08, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Finances and disclosures

  • Price:$5,485,000
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