948 5th St - Apartments FOR SALE


Santa Monica, CA 90403
$3,645,000 USD
310-428-4116
948 5th St, Santa Monica, CA for Sale
$3,645,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

948 5th St
Santa Monica, CA 90403


HIGHLIGHTS

  • Platinum 5th and Idaho Santa Monica Location
  • Separately Metered for Gas & Electricity
  • Pitched Roof
  • Upside in the Current Rents
  • Tree Lined Street
  • Just Steps to Palisades Park, Santa Monica Beach, Montana Avenue Shops/Restaurants, & Wilshire Blvd Shops/Restaurants

OVERVIEW

Welcome to 948 5th Street, a charming 9-unit apartment building nestled in one of Santa Monica's most coveted neighborhoods. This well-maintained property features a unit mix of eight charming one-bedroom, one-bathroom units and one spacious two-bedroom, one-bathroom unit, catering to a variety of tenants. Situated just south of the prestigious Montana Avenue, residents enjoy the perfect blend of serene tree-lined streets and proximity to local amenities. With Palisades Park, boutique shops, and exquisite dining options just steps away, this location offers an unparalleled coastal lifestyle. The 5th Street Residences provide an excellent long term investment opportunity, in a platinum Santa Monica coastal neighborhood, as well as pride of ownership.

FOR SALE DETAILS

PRICE

$3,645,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

9

PRICE/UNIT

$405,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 5th Street Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,552 SF

ZONING

R3, Santa Monica

APN/PARCEL ID

4292-015-010

ASK ABOUT THIS PROPERTY

Glenn BranderBrander Investment GroupMore Info
310-428-4116

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Glenn BranderBrander Investment GroupMore Info
310-428-4116

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