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1430 Franklin Street , A

Santa Monica, CA 90404
  • $2,450,000
  • STATUS: Active
  • ON SITE: 166 Days
  • MLS #: 24462495
UPDATED: 4 min ago
$2,450,000
  • 8
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,486
    SQFT
  • $703
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Listing Agent(s): Kimiyasu Murayoshi of Andrew C. Lee (213-625-1629)


Description

The property located in a heart of Santa Monica, close to many shops, restaurants and entertainment establishments, and Santa Monica Beach. Stable occupancy and income stream with substantial up side potential (approximately 32% below the market rent). 1) High Demand Rental Area with Quiet Neighborhood, 2) On-Site Laundry Room for additional income, and 3) Two units have updated with new kitchen and bathrooms

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T09:33:05.21. 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 or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/157759411
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1430 Franklin Street , A Santa Monica, CA 90404

  • Price: $2,450,000
  • Status: Active
  • On Site: 166 Days
  • Updated: 4 min ago
  • MLS #: 24462495
8
Beds
0
Baths
0
½ Baths
0.18
Acres
3,486
SQFT
$703
$/SQFT
1944
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
The property located in a heart of Santa Monica, close to many shops, restaurants and entertainment establishments, and Santa Monica Beach. Stable occupancy and income stream with substantial up side potential (approximately 32% below the market rent). 1) High Demand Rental Area with Quiet Neighborhood, 2) On-Site Laundry Room for additional income, and 3) Two units have updated with new kitchen and bathrooms
Exterior Features

Attached Garage YN Yes Parking Total 4

Interior Features

Appliances DishwasherDisposalMicrowaveRefrigerator Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.22 Gross Income 160020 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 103278 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning SMR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T09:33:05.21. 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 or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Kimiyasu Murayoshi of Andrew C. Lee (213-625-1629)