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Listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, Listing Contact: 310-259-7556 
5 Beds
4 Baths

$5,485,000

1017 5th, Santa Monica CA, 90403

Property typeMulti-family

Overview

Active

Listed Sep 4, 2026

Updated 4 weeks ago

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 done, creating an exceptionally easy-to-own and easy-to-manage asset with strong income from day one.

$36,492/mo

Est. mortgage payment based on a $5,485,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26194031

Interior Features

Bedrooms
5
Bathrooms
4
Basement
No

Exterior Features

Lot Size
0.17 Acres

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Data last updated 5:19 AM UTC, 9/6/2026

   

 

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