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833 5th St

Address: 833 5th St, Santa Monica, CA 90403, USA

Created date: September 10, 2024

Date last updated: November 14, 2024

Premiere Santa Monica Location On 5th Street Just Off Of Montana Avenue
24 Units With Large Open Floor Plans
Great Unit Mix: 2 Singles, 10- 1 Bedroom/1 Baths, 11- 2 Bedroom/2 Baths & 1- 3 Bedroom/3 Bath
More than 30 Parking Spaces
3 Stories With Laundry Room On Each Floor
Individually Metered
Pool
New Solar Panels
Elevator
The Most Desired Location In Santa Monica Just 5 Blocks To The Beach
Opportunity To Add Value & Reposition In The Most Sought After Area
Walk & Bike Everywhere
Great Restaurants & Shopping On Montana Ave
Desirable Santa Monica School District
Built & Owned By The Same Family For Decades
Close Proximity To West Los Angeles Neighborhoods Of Brentwood, Pacific Palisades, Venice Beach And Marina Del Rey

Property Description

This prime Santa Monica property, located on 5th Street just off of Montana Avenue, is a 24-unit apartment complex. The property features a desirable unit mix, including 2 singles, 10 one-bedroom/one-bath units, 11 two-bedroom/two-bath units and a spacious three-bedroom/three-bath unit. Residents will enjoy spacious open floor plans, ample parking with over 30 spaces and convenient amenities like laundry rooms on each floor, a refreshing pool, all copper plumbing and new solar panels. The property's elevator provides easy access to all three floors. Walk and bike everywhere. This prime location, just five blocks from the beach, is walking distance to Montana Avenue with easy access to a variety of restaurants, shops and entertainment options. Additionally, the property is situated within the highly sought-after Santa Monica School District and is conveniently located near neighboring West Los Angeles communities, including Brentwood, Pacific Palisades, Venice Beach and Marina del Rey. This well-established property has been built, owned and operated by the same family for decades. Roof and elevator are older. PLEASE DO NOT DISTURB TENANTS.

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Key Property Information

Listing Status:	Available
Property Types:	Apartment Buildings
Price:	$10,995,000
No. of Units:	24
Cap Rate:	3.11%
GRM /GIM:	18.02
Year Built:	1964
Building Size:	20,896 Sq ft
Lot Size:	15,005.00 Sq ft
No. of Stories:	3
APN:	4292-009-027
Zoning Code:	SMR2
Opportunity Zone:	No
Price per unit:	$458,125
Parking Spaces:	31
Property Website	Click Here