NOT LISTED FOR SALE
10 Beds
9 Baths
6,803 Sq Ft
7,527 Sq Ft Lot

Sale Details

Date Sold: January 28, 2025

Last sale price $3,560,000 $523 Per Sq Ft

30 Days on Market

Highlights

  • 4 Car Attached Garage
  • Laundry Room
  • Central Heating
  • Roosevelt Elementary School Rated A+

About This Home

As of January 2025

Welcome to 948 5th Street, a charming 9-unit apartment building nestled in one of Santa Monica's most coveted neighborhoods. This well-maintained property features a unit mix of eight charming one-bedroom, one-bathroom units and one spacious two-bedroom, one-bathroom unit, catering to a variety of tenants. Situated just south of the prestigious Montana Avenue, residents enjoy the perfect blend of serene tree-lined streets and proximity to local amenities. With Palisades Park, boutique shops, and exquisite dining options just steps away, this location offers an unparalleled coastal lifestyle. The 5th Street Residences provide an excellent long term investment opportunity, in a platinum Santa Monica coastal neighborhood, as well as pride of ownership.

Last Agent to Sell the Property

Glenn Brander

Miller & Desatnik Realty Co. License #01020228 Listed on: 10/28/2024

Last Buyer's Agent

Glenn Brander

Miller & Desatnik Realty Co. License #01020228 Listed on: 10/28/2024

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,527

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 6,803 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Additional Features

  • 7,527 Sq Ft Lot
  • Central Heating

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 4292-015-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

7,527 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 6803
  • Lot Acreage: 0.1728
  • Stories: 2
  • Year Built: 1937
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Laundry: Laundry Area
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 535.79

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage Is Attached
  • Total Parking: 4

Utilities

  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4292-015-010
  • Lot Size Area: 7527

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 13.56
  • Number Of Units: 9
  • Type Of Units: Apartments

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Dec 23, 2024
Sold by
Tarzan Enterprises Llc
Bought by
Seller's Agent
Glenn Brander
Miller & Desatnik Realty Co.
Buyer's Agent
Glenn Brander
Miller & Desatnik Realty Co.
List Price
$3,645,000
Sold Price
$3,560,000
Premium/Discount to List
-$85,000
-2.33%
Views
22

Purchase Details

Listed on
Aug 12, 2013
Closed on
Aug 28, 2013
Sold by
Just West Of California Llc
Bought by
Tarzan Enterprises Llc
Seller's Agent
Matthew OKeefe
Compass
Buyer's Agent
Glenn Brander
Miller & Desatnik Realty Co.
List Price
$3,425,000
Sold Price
$3,400,000
Premium/Discount to List
-$25,000
-0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.40%

Purchase Details

Closed on
Jul 4, 2007
Sold by
Just West Of California Llc
Bought by
Just West Of California Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,440,000
Interest Rate
6.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2006
Sold by
Clisby Gillian
Bought by
Clisby Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,435,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2006
Sold by
Clisby Douglas
Bought by
Just West Of California & Designee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,435,000
Interest Rate
6.25%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Wilshire Montana, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,560,000 Old Republic Title Company
Tarzan Enterprises Llc $3,400,000 Fidelity National Title
Just West Of California Llc -- Chicago Title Co
Clisby Douglas -- First American Title Co
Just West Of California & Designee Llc $2,300,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,440,000
Previous Owner Just West Of California & Designee Llc $1,435,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2025 01/28/25 Sold $3,560,000 -2.3% $523 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $3,645,000 +7.2% $536 / Sq Ft
09/13/2013 09/13/13 Sold $3,400,000 -0.7% $500 / Sq Ft View Prior Sale
08/13/2013 08/13/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $3,425,000 -- $503 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $52,203 $3,631,200 $2,968,200 $663,000
2025 $52,203 $4,167,925 $2,917,550 $1,250,375
2024 $49,002 $4,086,202 $2,860,344 $1,225,858
2023 $48,231 $4,006,081 $2,804,259 $1,201,822
2022 $47,655 $3,927,531 $2,749,274 $1,178,257
2021 $46,504 $3,850,521 $2,695,367 $1,155,154
2019 $45,743 $3,736,825 $2,615,422 $1,121,403
2018 $43,034 $3,663,565 $2,564,140 $1,099,425
2016 $41,423 $3,520,816 $2,464,572 $1,056,244
2015 $40,897 $3,467,931 $2,427,552 $1,040,379
2014 $40,346 $3,400,000 $2,380,000 $1,020,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-458495

The MLS
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