833 5th St Santa Monica, CA 90403-1326
Property profile & analytics
833 5th St Santa Monica, CA 90403-1326
- Apartment buildings
- 20,896 SF
- 0.34 lot acres
Property ID
US09-7892643
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 833 5th St
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.34 lot acres
- Property size
- 20,896 SF
- Zone code
- SMR2*
- Property type
- Apartment buildings
- APN
- 4292-009-027
- APU
- 4292009027
Description
This exceptional three-story apartment building, located at 833 5th Street in Santa Monica, California, presents a compelling investment opportunity. Boasting 20,896 square feet on a 15,005 square foot lot, this 1964-built property features 24 units, offering a desirable mix of unit sizes: two studios, ten one-bedroom/one-bathroom, eleven two-bedroom/two-bathroom, and one spacious three-bedroom/three-bathroom unit. The building includes over 30 parking spaces, a refreshing pool, and convenient amenities such as laundry rooms on each floor and a recently installed solar panel system. All copper plumbing is another notable feature. An elevator provides easy access to all three floors. The property is zoned SMR2 and enjoys a prime location just five blocks from the beach and within walking distance of Montana Avenue's vibrant restaurants and shops. Its proximity to the highly sought-after Santa Monica School District and neighboring communities like Brentwood, Pacific Palisades, Venice Beach, and Marina del Rey further enhances its desirability. The property has a strong operating history, with a Net Operating Income (NOI) of $329,536 and a 2.75% cap rate. The asking price is $10,995,000, representing a price per unit of $500,000 and a price per square foot of $574.27. While the roof and elevator are older, this presents a potential value-add opportunity for a savvy investor. Please note that the property is currently occupied, and tenants should not be disturbed. The APN is 4292-009-027.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,625,000
- ML approach
- $8,210,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $8,040,000 Current use
- RESTAURANT
- $13,605,000 Change: +69% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $12,715,000 Change: +58% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $9,665,000 Change: +20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.503
- Latitude
- 34.0248
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,032
$362,935
$781,392
$1,144,327
-
$0.00
$0.00
$0.00
