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    1423 Franklin Street

    Santa Monica, CA 90404
    • $3,950,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: PW21158396
    $3,950,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    This 4 unit property is compromised of a completely remodeled and rent-ready four-bed/three-bath front house and a 2019 construction triplex with 2, two-bed/two-bath units and 1, four-bed/three-bath + den unit. The triplex units are not subject to rent control. Well-located on a tree-lined street within blocks of major employers such as Amazon Studios, St. Johns Medical Center, Red Bulls North America HQ, Lions Gate, and others. The propertys location proximate to retail has earned it an impressive WalkScore of 88, and the location also offers convenient access to the 10 Freeway, Pacific Coast Highway, and the Metro Expo Line.The units are separately metered for gas and electricity and boast upgraded interiors, in-unit laundry, central HVAC, and patios/balconies. Additionally, $800,000 has been spent to provide the property with a very rare amenity for the area: subterranean parking. Six subterranean and two surface parking spaces are available.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/119485510
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    1423 Franklin Street Santa Monica, CA 90404

    • Price: $3,950,000
    • Status: Active
    • ID#: PW21158396
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2018
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    This 4 unit property is compromised of a completely remodeled and rent-ready four-bed/three-bath front house and a 2019 construction triplex with 2, two-bed/two-bath units and 1, four-bed/three-bath + den unit. The triplex units are not subject to rent control. Well-located on a tree-lined street within blocks of major employers such as Amazon Studios, St. Johns Medical Center, Red Bulls North America HQ, Lions Gate, and others. The propertys location proximate to retail has earned it an impressive WalkScore of 88, and the location also offers convenient access to the 10 Freeway, Pacific Coast Highway, and the Metro Expo Line.The units are separately metered for gas and electricity and boast upgraded interiors, in-unit laundry, central HVAC, and patios/balconies. Additionally, $800,000 has been spent to provide the property with a very rare amenity for the area: subterranean parking. Six subterranean and two surface parking spaces are available.
    Exterior Features

    Lot Features Rectangular Lot Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Cooling Central Air Cooling YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 178354 Gross Scheduled Income 183660 Insurance Expense 0 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 116290 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 62064 Property Condition Turnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 5510 Water Sewer Expense 0 Water Source Public Zoning Smr2*

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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