1430 Franklin St, Unit A Santa Monica, CA 90404
Multifamily property in prime Santa Monica location near the beach.
Lot size:
0.18 AcresProperty 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
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.4681398
- Latitude
- 34.0370147
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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.