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3108008221
Real Estate Company
848 5th Street, Santa Monica, CA 90403
- $4,075,000
- List Price
- $4,075,000
- Status
- ACTIVE
- MLS#
- SR26204863
- Year Built
- 1956
- Lot Size
- 7,492
- Acres
- 0.17
- Lot Location
- Rectangular Lot
- Days on Market
- 42
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
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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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $335,712
- Operating Expense
- 97485
Listing courtesy of Listing Agent: Raymond Rodriguez (info@lucrumre.com) from Listing Office: Equity Union.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.