948 5th Street

Santa Monica, CA 90403

$3,645,000
Price
10
Beds
9
Baths
6,803 Sq. Ft.
$536 / Sq. Ft.
6,803
Sq. Ft.
$536
per Sq. Ft.

Description

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...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.
  1. Listed by Glenn Brander • DRE #01020228 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 948 5th Street

Zoning
SMR2*
Parcel Number
4292015010
Total Units
9.0
Living Area
6803
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
7527
LISTING UPDATED: 11/29/2024 05:22 PM

Property Details for 948 5th Street

StatusPending
MLS #24-458495
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.17 AC / 7,527 SF
CountyLos Angeles County

Building Information for 948 5th Street

Stories2Residences-Year Built1937Building Size-Lot Size0.17 AC / 7,527 SF

Property Information for 948 5th Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $260,772
  • Net Operating Income: $172,522.00
  • Gross Income: $268,726
  • Gross Rent Multiplier: $13.56
  • Total Annual Expense: 88250
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1728
  • Lot Size Square Feet: 7527
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,881.00
  • Unit Actual Rent: $2,881.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,064.00
  • Unit Actual Rent: $1,064.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,695.00
  • Unit Actual Rent: $2,695.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $889.00
  • Unit Actual Rent: $889.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,881.00
  • Unit Actual Rent: $2,881.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,748.00
  • Unit Actual Rent: $2,748.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,648.00
  • Unit Actual Rent: $2,648.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $2,795.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $3,495.00
  • Unit Projected Rent: $3,795.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114

Property History for 948 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 948 5th Street

Taxable ValueLand$2,860,344Additions$1,226,368Total$4,086,712
Tax Record2024$49,002 ($4,084 / month)
Home Facts
Total Finished SqFt6,803 SqFtAbove Grade Finished SqFt6,803 SqFtLot Size7,525 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningSMR2*CountyLOS ANGELESAPN4292-015-010

Schools near 948 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Miller & Desatnik Realty Co., Glenn Brander, DRE #01020228

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.