833 5th Street

Santa Monica, CA 90403

$10,995,000
Price
35
Beds
37
Baths
20,896 Sq. Ft.
$526 / Sq. Ft.
20,896
Sq. Ft.
$526
per Sq. Ft.

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...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.
  1. Listed by Francyne Lambert • DRE #00827267 • Brokerage DRE #00860625 • Lambert Investments, Inc.
  2. Listed by Carl Lambert • DRE #00860625 • Brokerage DRE #00860625 • Lambert Investments, Inc.

Property Details for 833 5th Street

Zoning
SMR2*
Parcel Number
4292009027
Total Units
24.0
Living Area
20896
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
1
Lot Size Area
15010
LISTING UPDATED: 01/15/2025 05:11 PM

Property Details for 833 5th Street

StatusPending
MLS #24-438047
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.34 AC / 15,010 SF
CountyLos Angeles County

Building Information for 833 5th Street

Stories3Residences-Year Built1964Building Size-Lot Size0.34 AC / 15,010 SF

Property Information for 833 5th Street

Community / Development
Community / Development
  • Number Of Units: 24
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Entry Floor Number: 1
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $610,191
  • Net Operating Income: $341,596.00
  • Gross Income: $610,191
  • Cap Rate: 3.11%
  • Gross Rent Multiplier: $18.02
  • Financial Info as Of: 09/01/2024
  • Total Annual Expense: 268595
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3446
  • Lot Size Square Feet: 15010
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Community Garage
  • Total Parking: 31
  • Covered Parking: 24
  • Garage Spaces Total: 7
  • Parking Features: Garage - Single Door, Garage - Two Door, Community Structure
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $4,400.00
  • Unit Projected Rent: $4,470.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,929.00
  • Unit Actual Rent: $21,219.00
  • Unit Projected Rent: $33,235.00
  • Like Units: 10
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,977.00
  • Unit Actual Rent: $21,748.00
  • Unit Projected Rent: $42,845.00
  • Like Units: 11
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,995.00
  • Unit Actual Rent: $4,995.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $761,169.00
  • Assessed Improvement Percent: 68.14
  • Assessed Land Value: $355,819.00
  • Assessed Land Percent: 31.86
  • Assessed Total Value: $1,116,988.00

Property History for 833 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 833 5th Street

Taxable ValueLand$362,935Additions$781,392Total$1,144,327
Tax Record2024$17,032 ($1,419 / month)
Home Facts
Total Finished SqFt20,896 SqFtAbove Grade Finished SqFt20,896 SqFtLot Size15,005 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningSMR2*CountyLOS ANGELESAPN4292-009-027

Schools near 833 5th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lambert Investments, Inc., Francyne Lambert, DRE #00827267; Lambert Investments, Inc., Carl Lambert, DRE #00860625

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS 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. 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.