Beds12
Baths11
Sq.Ft.7,881
Year1958
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Status:
Active
Property Type:Residential Income (Multi-Family)
MLS #:23273071
Sq. Feet:7,881
On Site:9 Days
Lot Size:7,494 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Scott Ammann
Office:The Beverly Hills Estates
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 walking distance to Montana Ave, The Third Street Promenade, The Santa Monica Pier and the beach. Soft story retrofit has been completed.
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Community Information
Address:1017 5th St, Santa Monica, CA 90403
Area:C14 - Santa Monica
County:Los Angeles
City:Santa Monica
Zip Code:90403
Architecture
Bedrooms:
12
Bathrooms:
11
Year Built:1958
Stories:2
Building Area: 7881.0
Number of Buildings: 1
Total Units: 11
Stories Total: 2
Unit 1: 3 Units • 2 Beds • 1 Bath • Unfurnished • $3,800 actual rent • $11,400 pro forma
Unit 2: 4 Units • 1 Bed • 1 Bath • Unfurnished • $3,400 actual rent • $13,600 pro forma
Unit 3: 2 Units • 1 Bed • 1 Bath • Unfurnished • $1,000 actual rent • $2,000 total rent • $2,000 pro forma
Unit 4: 2 Units • 1 Bath • Unfurnished • $2,700 actual rent • $5,400 pro forma
Carport Spaces: 9.0
Features / Amenities
Interior Features: Ceiling Fan(s)
Appliances: Disposal, Refrigerator
Parking Features: Attached Carport
Open Parking Spaces: 9.0
Parking Total: 13.0
Cooling: Wall/Window Unit(s)
Heating: Wall Furnace
Property Features
Lot Size:
0.17 Acres / 7,494 Sq. Ft.
Zoning:SMR2*
Directions:N of Wilshire, South of Montana
Tax and Financial Info
Cap Rate: 4.2
Gross Income: $391,200
Net Operating Income: $272,300
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1017 5th St Santa Monica, CA 90403
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Based on information from California Regional Multiple Listing Service, Inc. as of June 3, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
