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Multifamily Property with Laundry
For Sale
$2,300,000

A-1430 Franklin St, Santa Monica, CA 90403

Santa Monica rental property near shops, restaurants, entertainment, and the beach, with two units featuring updated interiors.

Property Size3,486 SF
Price / SF$659.78
Days on Market264

Property Features for A-1430 Franklin St

General Information

Standard status Active
Size 3,486 SF
Property subtype Residential Income

Site & Location

Neighborhood Northeast
Listing Agency: Andrew C. Lee
Listed By: Kimiyasu Murayoshi
Source: Exprealty
Added: Feb 6 Changed: Oct 25 Last Checked: Oct 28 at 11:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrew C. Lee

Rey
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Investment Insights

Based on property information with market context.

This multifamily property at A-1430 Franklin St in Santa Monica includes two units with updated kitchens and bathrooms. An on-site laundry room provides an additional property feature and income source. The property size is 3,486.

The location is near shops, restaurants, entertainment establishments, and Santa Monica Beach. The existing rents are described as approximately 32% below market, providing a documented gap between current and market rent levels.

Key Highlights

  • Multifamily property at A‑1430 Franklin St, Santa Monica, CA
  • Property size of 3,486
  • Two units have updated kitchens and bathrooms

Location Intelligence

Trade Area within ½ mile

3,165
Businesses Nearby

Demographics for 90403, CA

25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Santa Monica rental property near shops, restaurants, entertainment, and the beach, with two units featuring updated interiors.
Where is this multifamily property located?
The property is located at A-1430 Franklin St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Multifamily property at A‑1430 Franklin St, Santa Monica, CA; Property size of 3,486; Two units have updated kitchens and bathrooms
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