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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

    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.

    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
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    Estimated market value

    $3,991,700