1731 Franklin Street

Santa Monica, CA 90404

$2,500,000
Last Sold Price
3
Beds
5
Baths
2,706 Sq. Ft.
$924 / Sq. Ft.
2,706
Sq. Ft.
$924
per Sq. Ft.

Description

This recently renovated 6-unit apartment building consists of one-bedroom units, and studios. 1731 Franklin Street includes new gas lines, water lines, electrical lines, plumbing, roof, windows, insulation, earthquake retrofitted and more. All six units are designer remodeled with high-end finishes. Please do not disturb the tenants. All showings will be subject to an accepted offer. Seller added an ADU which is not yet reflected on title. Buyer to verify actual square footage during their investigations...This recently renovated 6-unit apartment building consists of one-bedroom units, and studios. 1731 Franklin Street includes new gas lines, water lines, electrical lines, plumbing, roof, windows, insulation, earthquake retrofitted and more. All six units are designer remodeled with high-end finishes. Please do not disturb the tenants. All showings will be subject to an accepted offer. Seller added an ADU which is not yet reflected on title. Buyer to verify actual square footage during their investigations and due diligence.
  1. Listed by Chase Simonton • DRE #01766871 • Brokerage DRE #00590104 • RE/MAX One

Property Details for 1731 Franklin Street

Zoning
SMR2*
Parcel Number
4268007023
Total Units
6.0
Living Area
2706
Source Living Area
Title Company
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
6021

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871

Sold By GT Investments, Geoffrey Jaime, DRE #01841913

Add your commute
LISTING UPDATED: 12/08/2023 10:56 AM

Property Details for 1731 Franklin Street

StatusSold
MLS #23-275069
Days on Market164
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.14 AC / 6,021 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871

Sold By GT Investments, Geoffrey Jaime, DRE #01841913

Add your commute

Building Information for 1731 Franklin Street

Stories-Residences-Year Built1945Building Size-Lot Size0.14 AC / 6,021 SF

Payment Calculator

$15,221 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$1,577

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1731 Franklin Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: 6
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $188,280
  • Net Operating Income: $120,240.00
  • Gross Income: $188,280
  • Gross Rent Multiplier: $13.78
  • Total Annual Expense: 38750
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1382
  • Lot Size Square Feet: 6021
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-30-2023
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $2,795.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $3,495.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $215,491.00
  • Assessed Improvement Percent: 14.59
  • Assessed Land Value: $1,261,413.00
  • Assessed Land Percent: 85.41
  • Assessed Total Value: $1,476,904.00

Property History for 1731 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1731 Franklin Street

Taxable ValueLand$1,286,641Additions$220,340Total$1,506,981
Tax Record2023$18,921 ($1,577 / month)
Home Facts
Total Finished SqFt2,355 SqFtAbove Grade Finished SqFt2,355 SqFtLot Size6,021 SqFtStyleMulti-Family Res (5+ Units)Year Built1945ZoningSMR2*CountyLOS ANGELESAPN4268-007-023

Schools near 1731 Franklin Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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.

Similar Homes

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871

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.