1017 5th St Santa Monica, CA 90403
Active
$4,995,000
11 Units
12 Beds
11 Baths
7,881 Area(sq.ft.)
7,494 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | 2 | 2 | No | $ 3,800 | n/a | $ 11,400 |
| Unit 2 | 4 | 1 | 1 | No | $ 3,400 | n/a | $ 13,600 |
| Unit 3 | 2 | 1 | 1 | No | $ 1,000 | n/a | $ 6,800 |
| Unit 4 | 2 | studio | 1 | No | $ 2,700 | n/a | $ 5,400 |
| 4 | 11 | 12 | 14 | $ 32,400 | $ 0 | $ 113,000 |
| MLS #: | 24-376265 |
| Days On Market: | 221 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 634 |
| Price per unit: | $ 454,091 |
| Year Built: | 1958 |
Property Details
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 close distance to Montana Ave, The Third Street Promenade, The Santa Monica Pier and the beach. Soft story retrofit has been completed.Interested in this Listing?
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Income Details
| Vacancy Rate: | 81% |
| Gross Operating Income: | $ 388,800 |
| Total Annual Expense: | $ 116,500 |
| Net Operating Income: | $ 272,300 |
| Gross Annual Income: | $ 391,200 |
| Gross Rent Multiplier: | 12.85 |
| Actual Gross Rent: | $ 388,800 |
Structure
| Type of Units: | 11 |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Carport Attached |
| Total Parking: | 13 |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Ceiling Fan, Freezer, Garbage Disposal, Range/Oven, Refrigerator |
| Heating: | Wall |
Exterior
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