90403 Homes with Apartment Subtype

Located in the beautiful city of Santa Monica, California, the zip code 90403 is a highly sought-after area for real estate. Situated in Los Angeles County, this region offers a desirable mix of urban convenience and coastal charm.

One of the attractive features of the homes in this area is the availability of apartments. With the subtype of "Homes with Apartment," residents have the option to live in a spacious home with the added benefit of having an apartment within the property. This setup is perfect for those seeking additional income by renting out the separate apartment or for multi-generational families who want to live together while still maintaining some privacy.

The homes in 90403 offer a variety of architectural styles, from charming bungalows to modern townhouses. Many properties boast well-maintained gardens and outdoor spaces, allowing residents to enjoy the beautiful California weather.

Living in this zip code provides residents with easy access to a wide range of amenities. Within close proximity, you'll find trendy restaurants, boutique shops, and world-class entertainment options. The famous Santa Monica Pier and its iconic Ferris wheel are just a short distance away, offering endless fun for residents of all ages.

Additionally, the proximity to the Pacific Ocean means residents can enjoy the beach lifestyle, with opportunities for surfing, sunbathing, and leisurely walks along the shoreline. The area also offers excellent schools, making it an ideal location for families.

With its prime location, variety of housing options, and abundance of amenities, 90403 is an exceptional place to call home. Whether you're looking for a property with an apartment or a traditional single-family home, this zip code has something to offer for everyone.

Newest 90403 Homes with Apartment Subtype

$4,075,000

SR26204863 MLS ⋅ Active Status

The Fifth & Montana is a 10-unit multifamily property located at 848 5th Street in Santa Monica's Wilshire-Montana neighborhood, approximately one block south of Montana Avenue. The property offers strong in-place income, 12 parking spaces for 10 units, and approximately 11.8% rental upside. Current NOI is estimated at approximately $225,450, with a 5.53% current cap rate. At market rents, projected NOI is approximately $263,211 with a projected 6.46% market cap rate. Built in 1956, the two-building property comprises approximately 7,192 square feet on an approximately 7,492-square-foot lot. The unit mix includes three studios, six one-bedroom units, and one three-bedroom, three-bath unit. Parking consists of seven subterranean spaces and five rear alley garage spaces, providing approximately 1.2 spaces per unit. Six of the ten units have undergone renovations, including three remodeled since 2024. Additional improvements include a roof overlay completed in early 2024, Vulkem deck work completed in 2023, recent exterior painting, and staircase improvements. Select units feature updated kitchens and baths, stainless steel appliances, hardwood-style flooring, exposed-beam ceilings, and outdoor space. The property also includes a dedicated laundry room and landscaped common areas. The location offers proximity to Montana Avenue's restaurants, retailers, cafes, boutiques, and services, as well as Palisades Park, the Santa Monica coastline, Downtown Santa Monica, Third Street Promenade, and Santa Monica Place. The property has a 95 Bike Score®—Biker's Paradise and an 84 Walk Score®—Very Walkable. Nearby healthcare, education, technology, and entertainment employers contribute to a diverse Santa Monica employment base. ZIP Code 90403 reports a median household income of approximately $122,000, providing additional economic context for the surrounding Santa Monica rental market.

848 5th Street, Santa Monica

$5,485,000

SB26194031 MLS ⋅ Active Status

An exceptional opportunity to acquire a meticulously remodeled 11-unit apartment building in one of Santa Monica’s most coveted North of Wilshire locations. 1017 5th Street offers the rare combination of a true trophy-quality location, high-end renovated units and investment returns that are exceedingly difficult to find in prime Santa Monica. Offered at $5,485,000, the property generates a compelling 5.39% current cap rate and 13.07 GRM, providing investors with unusually strong in-place cash flow for an asset of this quality and location. The investment becomes even more compelling on pro forma rents, reaching approximately a 6.69% cap rate and 11.03 GRM, with roughly 19% remaining rental upside. The property has undergone extensive upgrades and features beautifully remodeled, high-end units designed to attract Santa Monica’s premium renter base. This is not a heavy value-add project requiring years of construction, tenant turnover and capital expenditures. The work has largely been done, creating an exceptionally easy-to-own and easy-to-manage asset with strong income from day one.

1017 5th, Santa Monica

$7,795,000

SR26186919 MLS ⋅ Active Status

The Idaho & 3rd Apartments are a well maintained 20-unit apartment community located in the primest of prime locations in Santa Monica, California. Set amid lush surroundings on a 15,006 square foot lot, the 15,640 square foot property offers studios, one- and two-bedroom apartment homes. Built in 1954, the property offers, a phenomenal rental location and superb freeway access. Highlights: * Prime Prime Prime Location * Two Blocks to Palisades Park * 10%+ Upside in Rents on * As Is Condition * Renovation & Reposition Opportunity

222 228 Idaho, Santa Monica

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.