For more information on this property, contact Nancy Sanborn at [email protected]

1451 FRANKLIN Street
Santa Monica, California CA 90404
Sold For: $2,900,000
Listing ID 18413804
Status Closed
SqFt 7,556
Acres 0.174
Year Built 1965

Property Description:

7 unit apartment building in prime Santa Monica. Upside potential perfect for an investor or owner user. There are 6 - two bedroom and 1.75 baths and 1 - three bedrooms and 2.5 bath unit. Four car (tandem) garage which is currently vacant and five other covered parking spaces off the alley. Some units have been remodeled. The two vacant units need updating. Probate sale, no court confirmation required.
Nancy Sanborn

Primary Features

County: Los Angeles
IDX City Name: Santa Monica
IDX County Name: Los Angeles
photo Count: 1
Property Type: Rental Income
Sold Date: 2019-02-26T00:00:00+00:00
Sold Price: $2,900,000
Year Built: 1965
Zoning: SMR2*

Financial Details

Assessed Improvement Value: 205319
Assessed Land Value: 84050
Expense Total Annual: 28755.52
Gross Operating Income: 198758
Gross Rent Multiplier: 17.08
Net Operating Income: 170002.04
Original List Price: 3395000
Special Conditions: Probate
Unit Monthly Rent01: 3200
Unit Monthly Rent03: 831.44
Unit Monthly Rent04: 2695
Unit Monthly Rent06: 2695
Unit Monthly Rent07: 2141.69
Unit Projected Total Monthly Rent01: 3200
Unit Projected Total Monthly Rent02: 2500
Unit Projected Total Monthly Rent03: 831.44
Unit Projected Total Monthly Rent04: 2695
Unit Projected Total Monthly Rent05: 2500
Unit Projected Total Monthly Rent06: 2695
Unit Projected Total Monthly Rent07: 2141.69
Unit Total Monthly Rent01: 3200
Unit Total Monthly Rent03: 831.44
Unit Total Monthly Rent04: 2695
Unit Total Monthly Rent06: 2695
Unit Total Monthly Rent07: 2141.69


Adjusted Gross Income: 198758
BathsTotal: 15
BedroomsTotal: 15
Legal Disclosures: Take Property As Is, Court Approval Not Required
List Agent License Number: 00771096
ListingStatus: Closed
Number Of Buildings: 1
Square Footage Source: Public Records
Units Total In Complex: 7

Location Information

Area: Santa Monica (C14)

Interior Features

Cooling Type: Other
Heating Type: Other
Interior Features: Other
Unit Furnished01: Unfurnished
Unit Furnished02: Unfurnished
Unit Furnished03: Unfurnished
Unit Furnished04: Unfurnished
Unit Furnished05: Unfurnished
Unit Furnished06: Unfurnished
Unit Furnished07: Unfurnished
Unit Furnished08: Partially
Unit Furnished09: Partially
Unit Furnished10: Partially
Unit Furnished11: Partially
Unit Furnished12: Partially
Unit Furnished13: Partially
Unit Number Of Bath01: 3
Unit Number Of Bath02: 2
Unit Number Of Bath03: 2
Unit Number Of Bath04: 2
Unit Number Of Bath05: 2
Unit Number Of Bath06: 2
Unit Number Of Bath07: 2
Unit Number Of Bed01: 3
Unit Number Of Bed02: 2
Unit Number Of Bed03: 2
Unit Number Of Bed04: 2
Unit Number Of Bed05: 2
Unit Number Of Bed06: 2
Unit Number Of Bed07: 2

External Features

Lot Size Source: Public Records
Lot Size SqFt: 7578
Parking Spaces Total: 11
Parking Type: Assigned
Pool: no

Zoning Info

Listing courtesy of Nancy Sanborn (00771096) from Berkshire Hathaway HomeServices California.
Based on information from CARETS as of Wednesday, June 26th, 2019 11:57:37 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CARETS. 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.


Nancy Sanborn

United States

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