Home | Los Angeles County | Santa Monica | 90403 | 848 5th St
MLS: CRSR26204863 | Status: | Price: $4,075,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,492 | 1956 |
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 offers strong in-place income, 12 parking spaces for 10 units, and approximately 21.41% rental upside. Current NOI is estimated at approximately $225,450, with a 5.53% current cap rate. At market rents, projected NOI is approximately $294,231 with a projected 7.22% market cap rate. Built in 1956 and 1964, the two-building property comprises approximately 7,192 square feet on an approximately 7,492-square-foot lot. The unit mix includes three studios, six one-bedroom units, 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 deck, and a residential-scale layout. The property provides 12 parking spaces, consisting of seven subterranean spaces and five rear alley garage spaces. Six of the ten units have undergone renovations, including three remodeled since 2024. Additional improvements include a roof overlay completed in early 2024, Vulkem deck work completed in 2023, recent exterior painting, and staircase improvements. Select units feature updated kitchens
| Field | Value |
|---|---|
| MLS # | CRSR26204863 |
| MLS Source | California Regional MLS |
| Days on Site | 19 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Garage: 5 Car(s) |
Raymond Rodriguez
Equity Union
License #: 01402283
Phone: (866) 582-7865
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
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This listing information is up-to-date as of October 07, 2026. For the most current information, please contact Raymond Rodriguez, (866) 582-7865.