833 5th St - Apartments FOR SALE


Santa Monica, CA 90403
$10,995,000 USD
310-720-9299
833 5th St, Santa Monica, CA for Sale
$10,995,000 USD
Apartments - FOR SALE
1/18
null | 3.11% Cap Rate

833 5th St
Santa Monica, CA 90403


HIGHLIGHTS

  • Premiere Santa Monica Location on 5th Street Just Off Of Montana Avenue, Five Blocks to the Beach and walking distance to Montana Ave
  • 24 Units with Large Open Floor Plans, New Solar, All Copper Plumbing, Swimming Pool
  • More than 30 Parking Spaces

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,995,000 USD

PRICE/SF

$526 USD /SF

# OF UNITS

24

PRICE/UNIT

$458,125

CAP RATE

3.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,006 SF

ZONING

SMR3YY

APN/PARCEL ID

4292-009-027

ASK ABOUT THIS PROPERTY

Francyne LambertLambert Investments IncMore Info
310-720-9299

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Francyne LambertLambert Investments IncMore Info
310-720-9299

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.