$4,750,000

Located in a true A+ location 5 blocks from the beach and just a couple blocks away from trendy Montana Ave, Wilshire Blvd and the 3rd Street Promenade, 1035 5th Street is an amazing 10 unit multi-family opportunity. This well maintained building is lender owned and comprised of 10 one bed/one bath units, many of which have been been recently upgraded with hardwood floors, recessed lighting and Galley style kitchens, featuring quartz counter tops and stainless steel appliances. All of the units boast spacious/functional floor plans and the 2nd floor units offer small balconies. Additional features include onsite community laundry and 10 total parking spaces (4 individual garages, 5 covered and 1 uncovered). Eight occupied units produce solid rent and a new owner will have the opportunity to rent out two units. In addition to its close proximity to the best dining, shopping and entertainment Santa Monica has to offer, it is ideally located near the Silicon Beach tech hub, home to Google Snapchat, Twitter, Oracle, Hulu and many more. The area also has a bike score of 89, easily connecting the property to one of the most extensive transit networks among cities of its size. Capitalize on this great opportunity as they do not come around often in this neighborhood! Please see private remarks for additional information.