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823 5th St 10 Unit Apartment Building $5,000,000 ($500,000/Unit) 3.85% Cap Rate Santa Monica, CA 90403
INVESTMENT HIGHLIGHTS
- Great Unit Mix!
- Beautiful, Sunny Santa Monica.
- Blocks from Ocean Ave on Montana!
EXECUTIVE SUMMARY
Bread and Butter Santa Monica Apartment in very desirable neighborhood! Pride of ownership shows - beautifully maintained property! Strong unit mix - six 2-bedrooms, three 1-bedroom, and one studio. Please do not disturb occupants, inside with accepted offers only. *DISCLAIMER: Many records, including rental agreements, lost in the Palisades Fire. Information provided by owner is believed to be accurate. It is the Buyer's responsibility to verify accuracy of all information.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.85% | Building Size | 8,440 SF |
| Gross Rent Multiplier | 16.17 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 1.6/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Santa Monica | ||
| Price | $5,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 3.85% |
| Gross Rent Multiplier | 16.17 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,440 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R3, Santa Monica |
AMENITIES
UNIT AMENITIES
- Balcony
- Storage Space
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 900 |
| 1+1 | 3 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 4292-009-022 | Total Assessment | $3,511,817 (2025) |
| Land Assessment | $2,701,406 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $810,411 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
4292-009-022
Land Assessment
$2,701,406 (2025)
Improvements Assessment
$810,411 (2025)
Total Assessment
$3,511,817 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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823 5th St
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