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1731 Franklin St

Santa Monica, CA 90404
  • $2,825,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 21-798228
Price Reduced
UPDATED: 58 min ago
$2,825,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,213
    SQFT
  • $879
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1945
County:
Area:

School Ratings & Info

Description

1731 Franklin St is a pristine, turn-key, multi-family asset on one of the quietest streets in Santa Monica. Surrounded by mostly single family homes, this 6-unit apartment building consists of One two-bedroom unit, a large one-bedroom unit, Three beautifully redone singles, and a garage conversion that has already been approved by the City of Santa Monica for an ADU. Plans and permits for the ADU are in-hand and approved by Santa Monica Plan Check. All showings will be subject to an accepted offer. Please do not disturb the tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/122727567
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1731 Franklin St Santa Monica, CA 90404

  • Price: $2,825,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 58 min ago
  • MLS #: 21-798228
3
Beds
0
Baths
0
½ Baths
0.14
Acres
3,213
SQFT
$879
$/SQFT
1945
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
1731 Franklin St is a pristine, turn-key, multi-family asset on one of the quietest streets in Santa Monica. Surrounded by mostly single family homes, this 6-unit apartment building consists of One two-bedroom unit, a large one-bedroom unit, Three beautifully redone singles, and a garage conversion that has already been approved by the City of Santa Monica for an ADU. Plans and permits for the ADU are in-hand and approved by Santa Monica Plan Check. All showings will be subject to an accepted offer. Please do not disturb the tenants.
Exterior Features

Lot Size Area 7508 Other Structures Accessory Dwelling Unit Parking Garage None Total Parking 6

Interior Features

Baths Total 6.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 1433100 Gross Income 151092 Gross Operating Income 151092 Like Units1 1 Like Units2 1 Like Units3 4 Net Operating Income 84961.00 Number Of Buildings 3 Number Of Units 6 Sale Type Standard Source Living Area Title Company Source Lot Size Area Other Total Annual Expense 61598 Type Of Units 2+11+1 Year Built Source Vendor Enhanced Zoning Smr2*

Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270