1514 Franklin Street

Santa Monica, CA 90404

$4,695,000
Price
15
Beds
15
Baths
7,384 Sq. Ft.
$636 / Sq. Ft.
7,384
Sq. Ft.
$636
per Sq. Ft.

Description

1514 Franklin Street is a 7 unit property located in the highly desirable city of Santa Monica. The property consists of six 2+2s and one townhouse style 3+3. 5 of the 7 units have been completely renovated and feature new stainless steel appliances. The building has a brand new roof, partial copper plumbing, and is individually metered for gas and electricity. The Owner will collect additional income with on-site laundry and private garages. Featuring a stellar 94 walk score and 85 bike score, 1514...

Property Details for 1514 Franklin Street

Water Front
None
Zoning
SMR2*
Year Built Numeric
1965

Location

Listing Courtesy of Clement Partners Real Estate, Jordan Peikin, DRE #02015987

Property Details for 1514 Franklin Street

StatusActive
MLS #21-716752
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.19 AC / 8,130 SF
CountyLos Angeles County

Contact a Compass agent

Location

Listing Courtesy of Clement Partners Real Estate, Jordan Peikin, DRE #02015987

Building Information for 1514 Franklin Street

Stories2Residences-Year Built1965Building Size-Lot Size0.19 AC / 8,130 SF

Payment Calculator

$15,734 per month

30 year fixed, 2.95% Interest

Principal and Interest

$15,734

Property Taxes

HOA Dues

$0

Property Information for 1514 Franklin Street

Summary
    Location and General Information
  • School District: Santa Monica-Malibu Unified School District
  • Direction Faces: East
  • Directions: North of Colorado Ave, South of Broadway, East of Berkeley St, West of Centinela Ave.
  • Year Built Source: Assessor
  • Zip 4: 3289
  • View Description: Tree Top, City, Courtyard
  • View: Yes
  • City: Santa Monica
  • Zip Code: 90404
  • County Or Parish: Los Angeles
  • Street Number Numeric: 1514
  • Street Name: Franklin
  • State: CA
    Parking
  • Garage Spaces Total: 4
  • Covered Parking: 9
  • Carport Spaces Total: 5
  • Parking Garage: Carport Attached, Garage
  • Open Other Spaces Total: 2
  • Total Parking: 11
Property
    Property and Assessments
  • Assessed Improvement Percent: 29.8
  • Assessed Improvement Value: $1,103,656.00
  • Assessed Land Percent: 70.2
  • Assessed Land Value: $2,600,490.00
  • Assessed Total Value: $3,704,146.00
  • Assessor Parcel Number: 4267-027-007
  • Disclosures: Rent Control, LA/Owner Related
  • Property Condition: Updated/Remodeled, Repairs Major, Repairs Cosmetic
  • Probate: No
  • Source Living Area: Assessor
  • Source Lot Size Area: Assessor
  • Number Of Photos: 30
    Lot Information
  • Additional Parcel Number: No
  • Area: Santa Monica (C14)
  • Lot Acreage: 0.1866
  • Lot Description: Alley Paved, Exterior Security Lights, Fenced, Front Yard, Lot-Level/Flat, Landscaped, Sidewalks, Single Lot
  • Lot Location: Near Public Transit, City
  • Other Structural Features: Balcony, High Ceilings (9 Feet+), Partial Copper Plumbing
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 7384
  • Lot Size Area: 8130
    Utilities
  • Sewer: Other
  • Laundry: Community
  • Laundry Equipment: Own
  • Water: In Street
Interior and Exterior Features
    Exterior Features
  • Water Heater Features: Gas
  • Alley: Yes
  • Exterior Construction: Frame, Stucco, Wood Siding
  • Paved: Yes
  • Roof: Composition
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
    Interior Features
  • Baths Total: 15.0
  • Cooling: Ceiling Fan
  • Equipment: Range/Oven, Built-Ins, Ceiling Fan, Dishwasher, Refrigerator, Garbage Disposal, Vented Exhaust Fan, Microwave, Hood Fan
  • Flooring: Laminate, Tile
  • Heating: Wall Gas
  • Number Of Stories: 2
  • Beds Total: 15
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Actual Gross Annual Income: $242,460
  • Gross Income: $235,260
  • Gross Operating Income: $235,402
  • Net Operating Income: $163,177.00
  • Total Annual Expense: 72225
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106, 2107
    Unit 1 Information
  • Unit Beds1: 2
  • Unit Baths1: 2
  • Unit Projected Rent1: $19,650.00
  • Unit Actual Rent1: $14,455.00
  • Unit Furnished1: No
  • Like Units1: 6
  • Unit Rent1: $2,409.00
    Unit 2 Information
  • Unit Projected Rent2: $5,150.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $5,150.00
  • Unit Beds2: 3
  • Unit Baths2: 3
  • Unit Actual Rent2: $5,150.00
Rental
    Rental Information
  • Vacancy Allow Percent: 3.00%
  • Vacancy Rate: 0
  • Gross Rent Multiplier: $19.96
  • Number Of Buildings: 1
  • Number Of Units: 7
  • Occupant Type: Tenant
  • Rent Control: 100
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Property History for 1514 Franklin St

DateEvent & SourcePriceAppreciation
Apr 9, 2021

Listed (Active)

CRMLS #21716752

$4,695,000
Apr 9, 2021

Listed (Active)

CLAW #21-716752

$4,695,000
DateEvent & SourcePrice
04/09/2021

Listed (Active)

CRMLS #21716752

$4,695,000
04/09/2021

Listed (Active)

CLAW #21-716752

$4,695,000

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

Schools near 1514 Franklin Street


SchoolTypeGradesDistanceRating
Southern California Montessori SchoolPrivate0.2 mi
NR
Lighthouse Christian AcademyPrivate9-120.2 mi
NR
New Roads SchoolPrivateK-120.4 mi
NR
New Roads Middle SchoolPrivate6-80.5 mi
NR

Southern California Montessori School

0.2 mi, Private

NR

Lighthouse Christian Academy

9-12, 0.2 mi, Private

NR

New Roads School

K-12, 0.4 mi, Private

NR

New Roads Middle School

6-8, 0.5 mi, Private

NR

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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Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1514 Franklin Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on April 9, 2021 by Clement Partners Real Estate at $4,695,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Southern California Montessori School, Lighthouse Christian Academy and New Roads School. 1514 Franklin Street is a 15-bed, 15-bath, 7,384 sqft multi-family home built in 1965. This address can also be written as 1514 Franklin St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Clement Partners Real Estate, Jordan Peikin, DRE #02015987

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.