1017 5th
Santa Monica, CA 90403
Listing broker / agent: Lyon Stahl Investment Real Estate, Inc. · Cameron Samimi · 310-259-7556 · CRMLS
MLS # SB26194031 · Last checked Oct 9, 2026 02:09 UTC
About this property
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.
Property details
- MLS number
- SB26194031
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.1721 acres
- Year built
- 1958
More property detailsCollapse
Listing
- Days on market
- 0
Building
- Year built
- 1958
- Year built source
- Assessor
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Appliances
- Dryer, Washer
- Laundry
- Common Area, In Garage, In Kitchen, Outside, Upper Level
Exterior & parking
- Total parking spaces
- 13
- Garage spaces
- 0
- Carport spaces
- 13
- Parking
- Covered, Tandem
- Pool
- None
- Lot features
- Eleven To Fifteen Units Acre
- Lot size source
- Assessor
Utilities & community
- Water
- Private
- Sewer
- Public Sewer
- Community features
- Biking, Curbs, Dog Park, Golf, Suburban, Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Roosevelt Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | K–5 | 0.4 mi |
| Lincoln Middle (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | 6–8 | 0.8 mi |
| Canyon Charter Elementary (school website, opens in a new tab) Los Angeles Unified · Santa Monica | K–5 | 1.0 mi |
| Santa Monica High (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | 9–12 | 1.1 mi |
| Franklin Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 1.5 mi |
| McKinley Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 1.5 mi |
| Santa Monica Alternative (K-8) (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | K–8 | 1.6 mi |
| Olympic High (Continuation) (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | 9–12 | 1.7 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $5,485,000
- MLS-reported original asking price
- $5,485,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:50 | $5,485,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Santa Monica
Active residential homes for sale in Santa Monica, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
7 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-09 03:00 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗