848 5th Street
Santa Monica
90403
$4,075,000
Residential Income
beds: 4
baths: 5.0
0 sq. ft.
built: 0
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 307080043
- Bedrooms:
- 4
- Bathrooms:
- 5
- Photos (32)
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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 11.8% rental upside. Current NOI is estimated at approximately $225,450, with a 5.53% current cap rate. At market rents, projected NOI is approximately $263,211 with a projected 6.46% market cap rate. Built in 1956, 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 one three-bedroom, three-bath unit. Parking consists of seven subterranean spaces and five rear alley garage spaces, providing approximately 1.2 spaces per unit. 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 and baths, stainless steel appliances, hardwood-style flooring, exposed-beam ceilings, and outdoor space. The property also includes a dedicated laundry room and landscaped common areas. The location offers proximity to Montana Avenue's restaurants, retailers, cafes, boutiques, and services, as well as Palisades Park, the Santa Monica coastline, Downtown Santa Monica, Third Street Promenade, and Santa Monica Place. The property has a 95 Bike ScoreBiker's Paradise and an 84 Walk Score
- Property Sub Type:
- Res Income 2-4 Units
- Number of Buildings:
- 2
- County Or Parish:
- Los Angeles
- Total Building Area:
- 0 sq. ft.
- Total Floor Area:
- 0 sq. ft.
- Total Bedrooms:
- 4
- Bathrooms:
- 5
- Half Bathrooms:
- 0
- Stories:
- 2 Story
- Total Stories:
- 2
- Year Built:
- 0
- Age (in years):
- 2,026 year(s)
- Mello Roos Fee:
- $0
- Mello Roos Fee Frequency:
- Year
- Terms:
- Cash, Conventional, Land Contract
- Cap Rate.:
- 5.53
- Gross scheduled income:
- 332772.0
- Operating expense:
- 97339.0
- Number of Units:
- 10
- Unit Number for Unit 1:
- 1
- Unit Number for Unit 2:
- 2
- Unit Number for Unit 3:
- 3
- 848 5th St. Santa Monica, CA 90403
- Lot Size:
- 7,492 sq. ft.
- Parcel Number:
- 4292016010
- Pool Features:
- N/K
- Zoning:
- Public Rec
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Listed by Equity Union
Data was last updated September 19, 2026 at 07:10 AM (UTC)
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $2,735,000
- Min list price:
- $1,699,000
- Max list price:
- $7,795,000
- Avg days on market:
- 91
- Min days on market:
- 0
- Max days on market:
- 458
These statistics are generated based on the current listing's property type
and located in
Santa Monica. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- BOB LADUE
- COASTAL MORTGAGE AND REALTY
- 1 (619) 5912916
- Contact by Email
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2026 San Diego Multiple Listing Service, Inc.
3110 Camino Del Rio S. #311
San Diego, CA 92108
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2026 San Diego Multiple Listing Service, Inc.