1301 Franklin Street #5

Santa Monica, CA 90404

$ 489,000

Price

2

Beds

2

Baths

914 Sq. Ft.

$535 / Sq. Ft.

Zillow Price Estimate - $621,119

2151 Days On Market

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Garden State Building

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Listing provided by agent Andrew Thurm at Coldwell Banker Residential Br.

Last Updated: 2053 days ago

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 $1,753 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!

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Property Type Condominium
Lot Size 29,047 sq. ft.
Year Built 1956
MLS # 18333676
Listing Type Closed
Laundry Community, See Remarks
Parking Garage - Single Door
Gated Community Yes

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Property Details for: 1301 Franklin Street #5

Interior Features

Bathroom Information
  • 2 full baths
Laundry Information
  • Community
  • See Remarks
Fireplace Information
  • Decorative

Parking / Garage, Multi-Unit Information, Location Details

Parking Information
  • Garage - Single Door
Community Features
  • Units in Complex (Total) 24

Exterior Features

Building Information
  • Total Floors: 2

Property / Lot Details

Property Features
  • See Remarks
Lot Information
  • Lot Size (Sq. Ft) 29,047
Property Information
  • Tax Parcel Number: 4267014061

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    Tom Bashe

    Broker Associate

    310-356-6068 Contact Tom Bashe
    Listing provided by agent Andrew Thurm at Coldwell Banker Residential Br.

    Last Updated: 2053 days ago

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