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$5,485,000

For Sale

2 days ago

1017 5Th St, Santa Monica, CA

Condo

MLS® SB26194031

0 Bed

0 Bath

--

13 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1958
MLS® Number SB26194031

Property Address: 1017 5th St, Santa Monica, CA, 90403-3823

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberSB26194031
Locker
Ensuite Laundry
Balcony
Furnished
Laundry LevelUpper
Exposure
Exterior
Garage
Approx. Age1958
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 3, 2026List Date
$5,485,000List Price

Home Appraisal

This property is estimated to sell between: $799,000 and $7,828,000.
Similar properties in this area sold on average for: $799,400
Expected to sell in 43 days. Similar properties sold in 44 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1017 5Th St, Santa Monica, CA

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