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$5,485,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 16 hours ago
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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.

Full Property Details for 1017 5th

General

  • Price: $5,485,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB26194031
  • Updated: Today (9/4/2026)
  • Added to Site: Today

Rooms

Other Rooms

  • Laundry: In Garage, In Kitchen, Community, Upper Level, Outside, Washer Included, Dryer Included

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Covered, Tandem Covered
  • Parking: Covered, Tandem Covered

Location

  • Area: C14 - Santa Monica
  • County: Los Angeles
  • Development Name: C14 - Santa Monica
  • Driving Directions: North of Wilshire Blvd, south of Montana Ave, west of Lincoln Blvd.

Utilities

  • Sewer: Public Sewer
  • Water: Private
  • # Water Meters: 1
  • # Gas Meters: 5
  • # Electric Meters: 5

Structural Information

  • Entry Location: right side
  • Square Feet: 7,494
  • Year Built: 1958

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1

Unit 11

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.1721
  • Lot Size (Sq. Ft.): 7,496
  • Lot Size Source: Assessor
  • Lot Description: 11-15 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $731.92
  • Price Per Unit: 498636

Listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi

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Listing agent

— 1017 5th —

  • Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

310-259-7556

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1017 5th

School District:Santa Monica-Malibu Unified School District
NameGradesDistance
Roosevelt Elementary School, Santa Monica, CA
801 Montana Ave., Santa Monica, CA 90403
K-50.4 mi
Lincoln Middle School, Santa Monica, CA
1501 CA Ave., Santa Monica, CA 90403
6-80.7 mi
Santa Monica High School
601 Pico Boulevard, Santa Monica, CA 90405
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1017 5th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2026
Listed
$5,485,000
35.43%
MLS
10/21/2024
Sold
$4,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1017 5th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$37,232
—
$4,131,000
42%
2025
$37,232
7%
$2,912,504
266%
2024
$34,935
217%
$795,442
2%
2023
$11,033
1%
$779,910
2%
2022
$10,885
3%
$764,683
2%
2021
$10,568
1%
$749,755
1%
2020
$10,493
1%
$742,102
2%
2019
$10,388
7%
$724,337
2%
2018
$9,734
1%
$710,135
2%
2017
$9,637
4%
$696,211
2%
2016
$9,256
1%
$682,561
2%
2015
$9,141
—
$672,309
2%
2014
$9,103
1%
$659,141
—
2013
$9,051
—
$656,163
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1017 5th

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi

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1017 5th, Santa Monica, CA 90403 (MLS# SB26194031) is a Multi-Family property with 11 units containing 0 bedrooms and 0 full bathrooms. 1017 5th is currently listed for $5,485,000 and was received on September 04, 2026. Want to learn more about 1017 5th? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.

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