The 5th Street Residences | 948 5th St
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The 5th Street Residences 948 5th St
9 Unit Apartment Building $3,645,000 ($405,000/Unit) Santa Monica, CA 90403
Investment Highlights
- Platinum 5th and Idaho Santa Monica Location
- Pitched Roof
- Tree Lined Street
- Separately Metered for Gas & Electricity
- Upside in the Current Rents
- Just Steps to Palisades Park, Santa Monica Beach, Montana Avenue Shops/Restaurants, & Wilshire Blvd Shops/Restaurants
Executive Summary
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.
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.
Property Facts In Escrow
| Price | $3,645,000 | Building Class | C |
| Price Per Unit | $405,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,803 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1937 |
| Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,645,000 |
| Price Per Unit | $405,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,803 SF |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 0.59/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Very Walkable (80)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 4292-015-010 | Improvements Assessment | $1,225,858 |
| Land Assessment | $2,860,344 | Total Assessment | $4,086,202 |
PROPERTY TAXES
Parcel Number
4292-015-010
Land Assessment
$2,860,344
Improvements Assessment
$1,225,858
Total Assessment
$4,086,202
zoning
| Zoning Code | R3, Santa Monica |
| R3, Santa Monica |
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The 5th Street Residences | 948 5th St
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