917 5th st, Santa Monica, CA 90403
Active
$4,495,000
10 Units
15 Beds
12 Baths
8,212 Area(sq.ft.)
Lot: 7,496 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 3,580 | $ 3,580 | $ 3,800 |
| Unit 10 | 1 | 2 | 1 | No | $ 3,580 | $ 3,580 | $ 3,800 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,695 | $ 2,695 | $ 2,800 |
| Unit 3 | 1 | 2 | 2 | No | $ 2,774 | $ 2,774 | $ 3,800 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,018 | $ 1,018 | $ 2,800 |
| Unit 5 | 1 | 1 | 1 | No | $ 3,280 | $ 3,280 | $ 3,800 |
| Unit 6 | 1 | 1 | 1 | No | $ 2,695 | $ 2,695 | $ 2,800 |
| Unit 7 | 1 | 1 | 1 | No | $ 2,409 | $ 2,409 | $ 2,800 |
| Unit 8 | 1 | 2 | 1 | No | $ 1,420 | $ 1,420 | $ 3,800 |
| Unit 9 | 1 | 1 | 1 | No | $ 2,650 | $ 2,650 | $ 2,650 |
| 10 | 14 | 12 | $ 26,101 | $ 26,101 | $ 32,850 |
| MLS #: | 25539283 |
| Days On Market: | 204 |
| Listing Date: | May 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 547 |
| Price per unit: | $ 449,500 |
| Year Built: | 1959 |
Property Details
This property can be purchased individually or with 844 5th St, 1 block away. Roque & Mark Co. is pleased to represent this incredible Santa Monica 10 unit property, just steps to Montana Ave and 5 blocks to the beach! Excellent unit mix consisting of (2) 2 beds+2 baths, (2) 2 beds+1 bath, and (6) 1 bed+1 bath. Most units have a private balcony. The property is fully occupied and currently offered at a 14.3 GRM and 4.54 CAP rate. 8 individual parking spaces and 11 if used as tandem. All soft-story retrofitting and balcony inspections have been completed. The property has copper plumbing, a newer roof, and most units have been luxuriously upgraded. Subject to City of Santa Monica rent control.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 308,124 |
| Total Annual Expense: | $ 104,137 |
| Net Operating Income: | $ 203,987 |
| Gross Annual Income: | $ 314,412 |
| Cap Rate: | 4.55% |
| Gross Rent Multiplier: | 14.30 |
Structure
| Type of Units: | Apartment |
| Buildings: | 1 |
| Levels: | One |
| Style: | Traditional |
| Sewer: | In Street |
| Water: | District |
Land & Parking
| Zoning: | SMR2* |
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Garage - 1 Car |
| Total Parking: | 11 |
Interior
| AC/Cooling: | None |
| Equipment: | Built-Ins, Dishwasher, Garbage Disposal, Microwave, Hood Fan |
| Heating: | Wall |
| Laundry: | Community |
| Patio Features: | Deck(s) |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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