917 5th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$4,495,000 USD
310-828-7525
917 5th St, Santa Monica, CA for Sale
$4,495,000 USD
Apartments - FOR SALE
1/21
null | 4.54% Cap Rate

917 5th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Steps to Montana Ave in Santa Monica
  • North of Wilshire Blvd
  • 5 blocks to the beach!
  • Moat units have balconies or patios
  • Excellent unit mix and parking!

OVERVIEW

This property can be purchased individually or with 844 5th St, which is 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 (1) 2 beds+2 baths, (4) 2 beds+1 bath, and (4) 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. Inside with accepted offer only.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

10

PRICE/UNIT

$449,500

CAP RATE

4.54%

% 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

1959

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,611 SF

ZONING

SMR3YY

APN/PARCEL ID

4292-010-020

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.