848 5th Street
Santa Monica, CA, 90403 $ 4,075,000
Bedrooms-- Baths1.0 Sq 7,192 Monthly Estimate*
$ 28,145
Listed by Raymond Rodriguez, Equity Union, info@lucrumre.com
for $4,075,000 with 1 full bath. This 7,192 square foot home was built in 1956 on a lot size of 0.172.
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 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).
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FeaturesGeneralSewer Public Sewer
Garage Spaces 5
Pool Features None
Year Built 1956
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 335712
Community Features Urban
County Los Angeles
Net Operating Income 228156
Operating Expense 97485
Insurance Expense 0
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions 848 5th St. Santa Monica CA 90403
City Santa Monica
Entry Location 1
Senior Community Y/N false
Number Of Units Total 10
MLS Area C14 - Santa Monica
Lot Size Units Square Feet
Lot Size Square Feet 7492
Listing Terms Cash Cash to New Loan Conventional Contract
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Virtual Tour https://my.matterport.com/show/?m=FnZ9vUZkZtW&brand=0 https://www.youtube.com/watch?v=XMo0Zwbhdv8
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot J
Property Sub Type Additional Apartment
Cap Rate 5.6
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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ExteriorParking Features Underground Garage
Lot Features Rectangular Lot
Water Source Public
Total Parking 12
Lot Size Area 7492
Number of Buildings 2
Building Area Total 7192
Lot Size Acres 0.172
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 0
Number of Separate Gas Meters 10
Number of Separate Electric Meters 10
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* Excluded FeaturesList ByRaymond RodriguezListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $28,145
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Santa Monica, CA
Average List Price $3,586,067
Percent of Sale Price 12%
About Santa Monica, CA 92,541 Population
10% Since 2002
$ 89,894 Median Income
42.46 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/18/2026 | $4,075,000 | | Listed Price |