1 /
9
Map
$2,960,000
●
Property -
For Sale
1336 Franklin St
Santa Monica, CA 90404
Studio
0 Bath
5132 Sqft
$14,535
Estimated Monthly
$0
HOA / Fees
About This Property
1336 Franklin Street is a six (6) unit investment asset in Prime
Santa Monica. The property consists of four (4) 2BD/1BA units and
two (2) 1 BD/1BA units. Onsite laundry facilities and eight (8)
storage spaces provide additional income. Three (3) garages offer
the potential for ADU conversion. The property is ideally located
in the center of highly desirable Santa Monica. A plethora of world
class entertainment, media and technology companies are located
within just a one-mile radius, including Hulu, Riot Games, Snapchat
and Oracle. EXTREMELY WALKABLE LOCATION. With a Walk Score of 92,
the property provides easy, walkable access to all amenities for
daily errands and Water Gardens. The building is just blocks from
Whole Foods Market, coffee shops, world class restaurants, retail
and outdoor recreation areas. WELL-PRICED OWNER/USER OPPORTUNITY.
Priced at 4.5% cap rate and 14.6 GRM on current income, this
property provides a new buyer with an excellent value-add
opportunity for future rent growth and appreciation. INVESTMENT
HIGHLIGHTS. Prime Santa Monica Location (4) 2BD/1BA Units and (2)
1BD/1BA Units with On-Site Laundry, Storage and (4) Garages
with (3) Units Delivered Vacant and 4.5% Cap Rate with Current
Income Priced at Only 14.6 x Gross.
The manager has listed the unit size as 5132 square feet.
The manager has listed the unit size as 5132 square feet.
Unit Size
5,132Ft²
Days on Market
199 days
Land Size
0.18 acres
Price per sqft
$577
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
1939
Listed By
Last updated: 2 days ago (CLAWCA #317837)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 13, 2023 | Listed by Keller Williams Santa Monica | $2,960,000 | |
Listed by Keller Williams Santa Monica |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Townhouse
3
Beds
2.5
Baths
3,309 ft²
$754/ft²
$2,495,000
Mar 7, 2024
-
$300/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1336 Franklin Street
1336 Franklin Street, Santa Monica, CA 90404
- 1 Unit for Sale
About Mid-City
Similar Homes for Sale
Open House: 10AM - 1PM, Sun Mar 24
$3,195,000
- 3 Beds
- 4 Baths
- 1,950 ft²
$2,495,000
- 3 Beds
- 2.5 Baths
- 3,309 ft²