Property listed by Equity Union, Raymond Rodriguez 818-581-5829
$4,075,000
The Fifth & Montana is a 10-unit multifamily property located at 848 5th Street in Santa Monica's Wilshire-Montana neighborhood, approximately one block south of Montana Avenue. The property comprises two buildings featuring a diverse unit mix, 12 parking spaces serving 10 units, landscaped common areas, and convenient access to Montana… Read More Avenue's shopping, dining, and neighborhood amenities.
Built in 1956 and 1964, the property comprises two buildings totaling approximately 7,192 square feet on an approximately 7,492-square-foot lot. The unit mix includes three studios, six one-bedroom residences, and a townhome-style three-bedroom, three-bath front residence. The three-bedroom residence features generously sized bedrooms and bathrooms, a fireplace, washer/dryer hookups, a large private deck, and a spacious residential-style layout.
The property provides 12 parking spaces, including seven subterranean spaces and five rear alley garage spaces. Six of the ten units have undergone renovations, including three remodeled since 2024. Additional property improvements include a roof overlay completed in early 2024, Vulkem deck work completed in 2023, exterior painting, and staircase improvements. Select residences feature updated kitchens and bathrooms, stainless steel appliances, hardwood-style flooring, exposed-beam ceilings, and outdoor space. Additional amenities include a dedicated laundry room and landscaped common areas.
Located in Santa Monica's Wilshire-Montana neighborhood, The Fifth & Montana offers convenient access to Montana Avenue's restaurants, cafes, boutiques, retail establishments, and neighborhood services. Nearby destinations include Palisades Park, the Santa Monica coastline, Downtown Santa Monica, Third Street Promenade, and Santa Monica Place. The surrounding area provides access to shopping, dining, recreation, public transportation, and major Westside employment centers. The property also has a reported 95 Bike Score (Biker's Paradise) and 84 Walk Score (Very Walkable). Read Less
Listing Snapshot
Days Online
55
Last Updated
Property Type
Apartment
Square Ft.
7,192
Lot Size
0.17 Acres
Year Built
1956
MLS Number
SR26204863
Additional Details
Building
Built in 1956, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Operating: $97,485
Garage
5 spaces
Income
Gross Income: $335,712, Gross ScheduledIncome: $335,712, Net Operating Income: $228,156
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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