1430 Franklin Street

    Santa Monica, CA 90404
    • $2,185,000
    • STATUS: Active
    • ON SITE: 25 days
    • ID#: 19472386
    UPDATED: 74 min ago
    $2,185,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,486
      SQFT
    • $627
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    1430 Franklin Street is a turnkey 5-unit apartment building on a tree lined street in beautiful Santa Monica. The property consists of three (3) two-bedroom/one-bathroom units, offering front & back door entrances and the feeling of living in a home, and a separate free-standing structure of two (2) one bedroom/ one bathroom units above (4) four individual garages. The buildings are well maintained and 4 out of the 5 units have been recently updated, featuring hardwood flooring, new windows & treatments, and digital thermostats. The 3,486 rentable square feet sit on a large, street-to-street, 7,803 square foot SMR2-zoned lot. One unit to be vacated in a reasonable time after closing. 1 of 4 garages will be vacant at the COE.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/95363731

    1430 Franklin Street Santa Monica, CA 90404

    • Price: $2,185,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: 19472386
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,486
    SQFT
    $627
    $/SQFT
    1944
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    1430 Franklin Street is a turnkey 5-unit apartment building on a tree lined street in beautiful Santa Monica. The property consists of three (3) two-bedroom/one-bathroom units, offering front & back door entrances and the feeling of living in a home, and a separate free-standing structure of two (2) one bedroom/ one bathroom units above (4) four individual garages. The buildings are well maintained and 4 out of the 5 units have been recently updated, featuring hardwood flooring, new windows & treatments, and digital thermostats. The 3,486 rentable square feet sit on a large, street-to-street, 7,803 square foot SMR2-zoned lot. One unit to be vacated in a reasonable time after closing. 1 of 4 garages will be vacant at the COE.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances DisposalRefrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Laundry Features None

    Property Features

    Cap Rate 4.01 Gross Multiplier 16.79 Gross Operating Income 130116.00 Improvements Amount 160652 Insurance Expense 2454.00 Land Value 221350 Laundry YN No Maintenance Expense 5000.00 Net Operating Income 87511.00 Other Expense 1300.00 Pest Control Expense 780.00 Special Listing Conditions Standard Tenant Pays ElectricityCable TvGasWater Total Expenses 40003.00 Water Sewer Expense 3668.00 Zoning Smr2*

    Listing provided courtesy of Michael Edlen of Coldwell Banker Residential Br and Keith Craven of Coldwell Banker Residential Br


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024