1017 5th

Santa Monica Santa Monica, CA, 90403

For Sale $5,199,000

0.17acre

An exceptional opportunity to acquire a meticulously remodeled 11-unit apartment building in one of Santa Monica’s most coveted North of Wilshire locations. 1017 5th Street offers the rare combination of a true trophy-quality location, high-end renovated units and investment returns that are exceedingly difficult to find in prime Santa Monica. Offered at $5,199,000, the property generates a compelling 5.75% current cap rate and 12.39 GRM, providing investors with unusually strong in-place cash flow for an asset of this quality and location. The investment becomes even more compelling on pro forma rents, reaching approximately a 7.13% cap rate and 12.39 GRM, with roughly 19% remaining rental upside. The property has undergone extensive upgrades and features beautifully remodeled, high-end units designed to attract Santa Monica’s premium renter base. This is not a heavy value-add project requiring years of construction, tenant turnover and capital expenditures. The work has largely been done, creating an exceptionally easy-to-own and easy-to-manage asset with strong income from day one.

Listing agent:

License #

Lyon Stahl Investment Real Estate, Inc.

Identification

Street Address1017 5th

City / State / ZIPSanta Monica, CA 90403

Listing StatusFor Sale

List Price$5,199,000

MLS NumberSB26194031

Property TypeResidential Income Apartment

Key Stats

Lot Size (Acres / Sq Ft)0.17 acres

Year Built1958

Interior

AppliancesDryer, Washer

Exterior & Property

Pool / SpaNone

Garage / Parking Spaces0 spaces

Stories / Levels2 stories

Location

Neighborhood / CommunityC14 - Santa Monica

CountyLos Angeles

Geo-Coordinates34.02234300, -118.49993000

Listing Meta

Days On Market39 days

Date ListedSeptember 4, 2026

Listing AgentCameron Samimi — Lyon Stahl Investment Real Estate, Inc.

HOA Fee

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1017 5th is a Residential Income Apartment property located in Santa Monica, California, featuring a 0.172 acre lot, MLS #SB26194031.

Based on information from one of the following Multiple Listing Services: CRMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Trestle and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements.

Data last modified: 2026-10-13 17:35:46