1017 5th St, Santa Monica, CA 90403 – 24-376265 - Norma Mardelli

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$4,995,000

Est. payment - /mo

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12 BD

11 BA

7,881 SqFt

Active

1017 5th St Santa Monica, CA 90403

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Norma Mardelli

Coldwell Banker

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/16/2024 11:46 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,881 sqft

Price per Sqft $633

MLS Listing ID 24-376265

Bedrooms 12

Year Built 1958

Lot Size 7,494 Sqft

Acres 0.172

Property Description

Incredible investment opportunity located 5 blocks from the beach in the highly desirable Wilshire / Montana neighborhood of Santa Monica. This 11-unit apartment building consists of (3) two bedrooms one bathroom, (6) one bedroom one bathroom, and (2) singles. Units consist of hardwood floors, standard kitchens, and balconies/patios. Currently, there are 9 vacant units giving an investor the opportunity to achieve market rents. Exceptional Santa Monica location - within close distance to Montana Ave, The Third Street Promenade, The Santa Monica Pier and the beach. Soft story retrofit has been completed.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Ceiling Fan, Freezer, Garbage Disposal, Range/Oven, Refrigerator

Exterior

Parking Features Carport Attached

Garage Spaces 13.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by The Beverly Hills Estates