844 5th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$4,295,000 USD
310-828-7525
844 5th St, Santa Monica, CA for Sale
$4,295,000 USD
Apartments - FOR SALE
1/14
null | 4.52% Cap Rate

844 5th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Steps to Montana Ave in Santa Monica!
  • 5 blocks to the beach and walk to Palisades Beach park
  • Excellent unit mix and parking

OVERVIEW

This property can be purchased individually or with 917 5th St, 1 block away. Roque & Mark Co. is pleased to represent this amazing Santa Monica 10 unit property, just steps to Montana Ave and 5 blocks to the beach! Short walk to Palisades Beach park. Excellent unit mix consisting of (1) 3 beds+2 baths, (1) 2 bed+2 baths, and (8) 1 bed+ 1 bath. Most units have a private balcony. Gated entry. The property is fully occupied and currently offered at a 14.3 GRM and 4.6 CAP rate. 7 individual parking spaces and 10 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. Community laundry room. Subject to City of Santa Monica rent control.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$582 USD /SF

# OF UNITS

10

PRICE/UNIT

$429,500

CAP RATE

4.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,514 SF

ZONING

SMR3YY

APN/PARCEL ID

4292-016-009

ASK ABOUT THIS PROPERTY

David SchuchmanRoque & Mark CompanyMore Info
310-828-7525

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David SchuchmanRoque & Mark CompanyMore Info
310-828-7525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.