- 12 Beds
- 11 Baths
- .17 Acres
- 6 DOM
1017 5th
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.
Essential Information
- MLS® #SB26194031
- Price$5,485,000
- Bedrooms12
- Bathrooms11.00
- Acres0.17
- Year Built1958
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address1017 5th
- AreaC14 - Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90403
Amenities
- Parking Spaces13
- ParkingCovered, Tandem
- GaragesCovered, Tandem
- PoolNone
Interior
- AppliancesDryer, Washer
- # of Stories2
Exterior
- Lot DescriptionElevenToFifteenUnitsAcre
Additional Information
- Date ListedSeptember 3rd, 2026
- Days on Market6
Listing Details
- AgentCameron Samimi
Office
Lyon Stahl Investment Real Estate, Inc.
Price Change History for 1017 5th, Santa Monica, (MLS® #SB26194031)
| Date | Details | Change |
|---|---|---|
| Status Changed from Coming Soon to Active | – |
Cameron Samimi, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 10th, 2026 at 10:59am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.