1514 Franklin Street is a 7 unit property located in the highly desirable city of Santa Monica. The property consists of six 2+2s and one townhouse style 3+3. 5 of the 7 units have been completely renovated and feature new stainless steel appliances. The building has a brand new roof, partial copper plumbing, and is individually metered for gas and electricity. The Owner will collect additional income with on-site laundry and private garages. Featuring a stellar 94 walk score and 85 bike score, 1514 Franklin Street provides residents with many of the great things LA has to offer right outside their front door. The property is a 10 minute walk from major employment (Lionsgate, Amazon, Red Bull), a 15 minute walk to the Bergamot Train Station with service to the beach and Downtown LA, and a short bike or car ride from most daily errands. The property is nestled on a peaceful tree-lined street, with easy access to award winning Santa Monica schools and restaurants. The Brentwood, Westwood, and Century City neighborhoods are also nearby. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.
Off market
$3,991,700
1514 Franklin St, Santa Monica, CA 90404
15beds
15baths
7,384sqft
MultiFamily
Built in 1965
-- sqft lot
$3,991,700 Zestimate®
$541/sqft
$2,961 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 15
Heating
- Gas
Appliances
- Included: Dishwasher, Garbage disposal, Microwave, Refrigerator
- Laundry: In Unit, Community
Features
- Flooring: Tile, Laminate
Interior area
- Total interior livable area: 7,384 sqft
Property
Parking
- Total spaces: 11
- Parking features: Carport, Garage - Attached
Features
- Exterior features: Stucco, Wood
- Has view: Yes
- View description: City
Lot
- Size: 8,128 sqft
Details
- Parcel number: 4267027007
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Updated/Remodeled, Repairs Major, Repair Cosmetic
- Year built: 1965
Utilities & green energy
- Sewer: In Street
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Gated, Smoke Detector, Exterior Security Lights
Location
- Region: Santa Monica
Other
Other facts
- County: Los Angeles
- Equipment: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Built-Ins, Ceiling Fan, Hood Fan, Microwave, Vented Exhaust Fan
- ListingStatus: Active
- PropertyType: Residential Income
- Roof: Composition
- Sewer: In Street
- SourceLotSizeArea: Assessor
- ParkingGarage: Garage, Carport Attached
- SourceLivingArea: Assessor
- ViewDescription: City, Tree Top, Courtyard
- Heating: Wall Gas
- ListingArea: Santa Monica
- Flooring: Tile, Laminate
- OtherStructuralFeatures: Balcony, High Ceilings (9 Feet+), Partial Copper Plumbing
- Laundry: In Unit, Community
- Cooling: Ceiling Fan
- ExteriorConstruction: Stucco, Frame, Wood Siding
- LaundryEquipment: Own
- LotDescription: Fenced, Alley Paved, Landscaped, Lot-Level/Flat, Sidewalks, Single Lot, Exterior Security Lights, Front Yard
- Water: In Street
- PropertyCondition: Updated/Remodeled, Repairs Major, Repair Cosmetic
- SecurityFeatures: Carbon Monoxide Detector(s), Gated, Smoke Detector, Exterior Security Lights
- LotLocation: Near Public Transit, City
- WaterHeaterFeatures: Gas
- Country: US
- DirectionFaces: East
- UnitTypeType: 2106, 2107
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,991,700