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1430 Franklin St, Unit A Santa Monica, CA 90404

For Sale
$2,450,000

Multifamily property in prime Santa Monica location near the beach.

Lot size:
0.18 Acres

Property Features for 1430 Franklin St

General Information

Lot size
0.18 Acres

Building Details

Year built
1944

Source: Andrew C. Lee

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Santa Monica Multifamily Investment Opportunity

Located in Santa Monica, this multifamily property is situated near shops, restaurants, entertainment venues, and the beach. It offers a stable occupancy and income stream, with potential for increased revenue, as current rents are approximately 32% below market rates. The property benefits from a high-demand rental area within a quiet neighborhood. An on-site laundry room provides an additional income source. Two units have been updated with new kitchens and bathrooms.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Santa Monica
County
Los Angeles
State
California
Longitude
-118.4681398
Latitude
34.0370147

FAQs

What type of property is this?
Apartment building - Multifamily property in prime Santa Monica location near the beach.
Where is this apartment building located?
The property is located at 1430 Franklin St, Unit A Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: - High Demand Rental Area in Santa Monica, close to shops, restaurants, entertainment, and the beach.; - Substantial upside potential with rents approximately 32% below market.; - Stable occupancy and income stream.
More about this property
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