1430 Franklin St, Unit A

Santa Monica, CA 90404

$2,450,000
Price
8
Beds
5
Baths
3,486 Sq. Ft.
$703 / Sq. Ft.
3,486
Sq. Ft.
$703
per Sq. Ft.
a view of a porch with wooden floor and stairs
a view of a house with a street
a view of a street
a kitchen with granite countertop a stove and a refrigerator
a kitchen with a sink a stove and refrigerator
a view of a room wooden floor and windows
a view of empty room with wooden floor and fan
a white toilet sitting next to a bath tub shower

Description

The property located in a heart of Santa Monica, close to many shops, restaurants and entertainment establishments, and Santa Monica Beach. Stable occupancy and income stream with substantial up side potential (approximately 32% below the market rent). 1) High Demand Rental Area with Quiet Neighborhood, 2) On-Site Laundry Room for additional income, and 3) Two units have updated with new kitchen and bathroomsThe property located in a heart of Santa Monica, close to many shops, restaurants and entertainment establishments, and Santa Monica Beach. Stable occupancy and income stream with substantial up side potential (approximately 32% below the market rent). 1) High Demand Rental Area with Quiet Neighborhood, 2) On-Site Laundry Room for additional income, and 3) Two units have updated with new kitchen and bathrooms
  1. Listed by Kimiyasu Murayoshi • DRE #01329437 • Brokerage DRE #01046440 • Andrew C. Lee

Property Details for 1430 Franklin Street, Unit A

Zoning
SMR2*
Parcel Number
4267016014
Total Units
5.0
Living Area
3486
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
3
Lot Size Area
7805
LISTING UPDATED: 08/01/2025 08:31 AM

Property Details for 1430 Franklin Street, Unit A

StatusActive
MLS #24-462495
Days on Market397
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1944
Lot Size0.18 AC / 7,805 SF
CountyLos Angeles County

Location

Listing Courtesy of Andrew C. Lee, Kimiyasu Murayoshi, DRE #01329437
Add your commute

Building Information for 1430 Franklin Street, Unit A

Stories-Residences-Year Built1944Building Size-Lot Size0.18 AC / 7,805 SF

Payment Calculator

$14,998 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,106

Property Taxes

$2,892

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1430 Franklin Street, Unit A

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 1+1, 2+1
  • Unit Number: A
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $155,273
  • Net Operating Income: $103,278.00
  • Gross Income: $160,020
  • Cap Rate: 4.22%
  • Gross Rent Multiplier: $15.31
  • Total Annual Expense: 51995
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1792
  • Lot Size Square Feet: 7805
  • Lot Size Dimensions: 48x162
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Microwave, Garbage Disposal, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,153.00
  • Unit Actual Rent: $3,153.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,053.00
  • Unit Actual Rent: $3,053.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,153.00
  • Unit Actual Rent: $2,153.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,148.00
  • Unit Actual Rent: $2,148.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,680.00
  • Unit Actual Rent: $2,680.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $420,470.00
  • Assessed Improvement Percent: 16.0
  • Assessed Land Value: $2,207,474.00
  • Assessed Land Percent: 84
  • Assessed Total Value: $2,627,944.00

Property History for 1430 Franklin Street, Unit A

DateEvent & SourcePriceAppreciation
Aug 1, 2025

Listed (Active)

CLAW #24-462495

$2,450,000—
Jul 31, 2025

Expired

CLAW #24-462495

$2,450,000—
Nov 11, 2024

Listed (Active)

CRMLS #24462495

$2,450,000—
Nov 11, 2024

Listed (Active)

CLAW #24-462495

$2,450,000—
Oct 23, 2019

Sold (Public Record)

Public Record #657543489

$2,500,000

+429.9% / yr

Sep 5, 2019

Sold (Public Record)

Public Record #652455511

$2,008,000—
DateEvent & SourcePrice
08/01/2025

Listed (Active)

CLAW #24-462495

$2,450,000
07/31/2025

Expired

CLAW #24-462495

$2,450,000
11/11/2024

Listed (Active)

CRMLS #24462495

$2,450,000
11/11/2024

Listed (Active)

CLAW #24-462495

$2,450,000
10/23/2019

Sold (Public Record)

Public Record #657543489

$2,500,000

+429.9% / yr

09/05/2019

Sold (Public Record)

Public Record #652455511

$2,008,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1430 Franklin Street, Unit A

Taxable ValueLand$2,296,655Additions$437,976Total$2,734,631
Tax Record2025$34,703 ($2,892 / month)
Home Facts
Total Finished SqFt3,486 SqFtAbove Grade Finished SqFt3,486 SqFtLot Size7,803 SqFtStyleMulti-Family Res (5+ Units)Year Built1944ZoningSMR2*CountyLOS ANGELESAPN4267-016-014

Schools near 1430 Franklin Street, Unit A

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
McKinley Elementary School
Public - K to 5
Lincoln Middle School
Public - 6 to 8
Santa Monica High School
Public - 9 to 12
Olympic High (Continuation) School
Public - 9 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1430 Franklin Street, Unit A, Santa Monica, CA 90404

1430 Franklin Street, Unit A is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on November 11, 2024 by Andrew C. Lee, it's currently listed at $2,450,000. It has been on the market for a total of 397 days and was last sold on October 23, 2019. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1430 Franklin Street, Unit A is a 8-bed, 5-bath, 3,486 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Andrew C. Lee, Kimiyasu Murayoshi, DRE #01329437

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.