1301 FRANKLIN Street 5 Santa Monica, CA 90404

2 Bedroom, 914 Sqft, Condominium

  • Homes for Sale
  • 914 Sq Ft
  • 2
  • 2 full
MLS: #18333676
$519,000
COMMENTS
Charming building with curb appeal. 2 bedroom 1.5 Bath town home located in a courtyard setting with mature landscaping creating a peaceful living environment. Excellent opportunity for investors and 1031 exchange buyers to purchase a property for approximately $175, 000 to $250, 000 below market value. Two most recent sales in the building sold for over 900 a foot. We are price at 567 a foot. The town home is being sold with a tenant paying $1, 700 per month. The tenant cannot be evicted unless they voluntarily agree to a relocation fee. (see attached seller disclosure statement regarding Tenant Ownership Rights Charter Amendment). Buyer to do their own due diligence regarding Rent Control Law-city of Santa Monica. Fantastic upside potential is waiting for the savvy investor!

Property Features

  • Property Type: Condominium
  • Approx Living Area: 914 SqFt
  • Price per Sqft: $568
  • Total Bedrooms: 2
  • Bathrooms: 2
  • Full Baths: 2
  • Year Built: 1956
  • Stories: 2
  • Lot Size: 29,047 SqFt
  • Parking Type: Garage - Single Door
  • Other Appliances: Refrigerator
  • Fireplace: 1, Decorative
  • Flooring: Carpet, Tile
  • Pool Description: None
  • Total Floors in Building: 2
  • Dryer: 1
  • Cooling System: None
  • Gas: 1
  • Utility Information: Cable Available
  • County: Los Angeles
  • Area: C14 - Santa Monica
  • Community Features: Controlled Access, Earthquake Insurance, Other, Hot Water, Maintenance Grounds, Dues Paid Monthly, Insurance
  • Association: 1
  • Security: Automatic Gate

Location

Directions: South of Wilshire - West of Centinela - corner of Arizona & Franklin.

Listing courtesy of Coldwell Banker Residential Br
Based on information from California Regional Multiple Listing Service, Inc. 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.

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