848 5th Street, Santa Monica, CA 90403

Santa Monica
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
848 5th Street,Santa Monica, CA 90403
$4,075,000
Virtual Tour
  • - Beds
  • - Baths
  • 7,192 sq. ft.
  • Multi-family
  • Active
Listed by: raymond rodriguez
Office: equity union805-892-8119
MLS#:SR26204863
Source:CRMLS

Price summary

  • Price:$4,075,000
  • Price per sq. ft.:$566.6

About this home

The Fifth & Montana is a 10-unit multifamily property located at 848 5th Street in Santa Monica's Wilshire-Montana neighborhood, approximately one block south of Montana Avenue. The property offers strong in-place income, 12 parking spaces for 10 units, and approximately 11.8% rental upside. Current NOI is estimated at approximately $225,450, with a 5.53% current cap rate. At market rents, projected NOI is approximately $263,211 with a projected 6.46% market cap rate. Built in 1956, the two-building property comprises approximately 7,192 square feet on an approximately 7,492-square-foot lot. The unit mix includes three studios, six one-bedroom units, and one three-bedroom, three-bath unit. Parking consists of seven subterranean spaces and five rear alley garage spaces, providing approximately 1.2 spaces per unit. Six of the ten units have undergone renovations, including three remodeled since 2024. Additional improvements include a roof overlay completed in early 2024,...

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Home facts

  • Year built:1956
  • Listing ID #:SR26204863
  • Added:4 day(s) ago
  • Updated:September 23, 2026 at 11:16 AM

Rooms and interior

  • Living area:7,192 sq. ft.

Structure and exterior

  • Year built:1956
  • Building area:7,192 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Rectangular Lot
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,075,000
  • Price per sq. ft.:$566.6

Parking

  • Total parking spaces:12
  • Parking description:Garage, Underground
  • Garage:Yes
  • Garage spaces:5
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