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7,494 sqft

$5,485,000

1017 5th, Santa Monica CA, 90403

Price per sqft$731.92
Built in1958
Property size7,494 sqft
Property typeCondominium
Listed by Cameron Samimi CA DRE# 02035763 with Lyon Stahl Investment Real Estate, Inc. 310-259-7556

Overview

Active

Listed Sep 4, 2026

Updated 6 days ago

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.

$36,492/mo

Est. mortgage payment based on a $5,485,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26194031

Interior Features

Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

55+/Senior Community
No

Also listed on CLAW

MLS provider logo

Listed by Cameron Samimi CA DRE# 02035763 with Lyon Stahl Investment Real Estate, Inc. 310-259-7556

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/14/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/14/2026 at 11:22 AM UTC Last Checked: 11:22 AM UTC

 

 

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