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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Santa Monica / 1017 5th
1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 1017 5th Santa Monica, CA 90403 View All Photos

$5,485,000

| Active

1017 5th

Santa Monica, CA 90403

0.17
Acres
3
Days on Market
SB26194031
MLS#
Multi-Family
Type
House
Structure
Residential
Zone
Contact
Listing OfficeLyon Stahl Investment Real Estate, Inc.

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.

Property Details
Lot Features
Eleven To Fifteen Units Acre
Stories
2
Lot Description
Eleven To Fifteen Units Acre
Acres
0.172
Lot Size (sqft)
7496.0
Parking Features
Covered, Tandem
Parking Spaces
13
Parking Type
Carport
Parking Garage Spaces
0.0
Parking Carport Spaces
13.0
Property Type
Multi-Family
Property Subtype Additional
Apartment
Year Built
1958
Sewer Information
Public Sewer
Utility Source
Private
Appliances
Dryer, Washer
Community Features
Biking, Curbs, Dog Park, Golf, Suburban, Sidewalks
County
Los Angeles
Region
Santa Monica
Original List Price
$5,485,000
Days on Market (Cumulative)
3
HOA Fees
0.0
MLS #
SB26194031
Property Subtype
Apartment
Parcel Number
4292011018
MLS #
SB26194031
Date Listed
September 03, 2026
Address
1017 5th
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Cameron Samimi (#SBSAMICAM)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)

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