844 5th St

REDUCED $100k!

Under 14x GRM. This property can be purchased individually or with 917 5th St, 1 block away. Roque & Mark Co. is pleased to represent this amazing Santa Monica 10 unit property, just steps to Montana Ave and 5 blocks to the beach! Short walk to Palisades Beach park. Excellent unit mix consisting of (1) 3 beds+2 baths, (1) 2 bed+2 baths, and (8) 1 bed+ 1 bath. Most units have a private balcony. The property is fully occupied and currently offered at a 13.9 GRM and 4.65 CAP rate. 7 individual parking spaces and 10 if used as tandem. All soft-story retrofitting and balcony inspections have been completed. The property has copper plumbing, a newer roof, and most units have been luxuriously upgraded. Community laundry room. Subject to City of Santa Monica rent control.

This home located at 844 5th St is currently active and has been available on pardeeproperties.com for 55 days. This property is listed at $4,195,000. It has 13 beds and 12 bathrooms. The property was built in 1957. 844 5th St is in the Santa Monica community of Los Angeles County.

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