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1450 Franklin Street
Santa Monica, CA 90404
Sold
1450 Franklin Street
Santa Monica, CA 90404
Sold
Santa Monica triplexes are exempt from SM rent control if a cottage is owner occupied by the owner or a relative. Maintain control over the entire property. This beautiful triplex sits on a large 7,800 square foot lot, consists of three home-like cottages each with large yards plus 3 separate garages + 1 guest open parking spot. Cottage A enjoys an awesome deck and a spacious wrap-a-round yard. Cottage C enjoys a spa, seating area, grass yard and direct access from the garage. B enjoys a nice front and rear private patio. Cottage A and C have remodeled kitchens and living areas with high ceilings opening to their private yards. Both include a garage. One garage is vacant and has a market rent of $350 per month. The current actual gross annual income is $139,860. All three cottages are currently rented. Incredible opportunity as an owner user or straight investment property. Live in a home-like cottage w/a private yard + a garage and let the rents pay the mortgage and property tax. In 15 years the mortgage can be paid in full while the 3 cottages generate a tremendous cash flow. This triplex is a wealth creator. Close to the Broadway Arts District, major studios, Bergamont Station, shopping and cool restaurants. Live to the fullest by enjoying Santa Monica's great lifestyle by owning this amazing home like income property.
PROPERTY INFORMATION
| MLS # | 22221173 | Lot Size | 7,800 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,395,000
Price Per SqFt: $ 1,011 |
DOM | 963 Days |
| Address | 1450 Franklin Street | Type | Residential Income |
| City | Santa Monica | Sq.Ft. | 2,370 Sq. Ft. |
| Postal Code | 90404 | Garage | 3 |
| County | Los Angeles | Year Built | 1944 |
| Bed / Bath | 6 / 0 | Parking | 4 |
| Built In | 1944 | Status | Closed |
| Sold Date | 2023-03-01 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Washer Included, Dryer Included |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Disposal, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Wood, Tile |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 92 (Walker's Paradise)
Transit Score: 64 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,555
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/01/2023 | Sold | $2,350,000 |
| 02/21/2023 | Pending | $2,395,000 |
| 12/21/2022 | Relisted | $2,395,000 |
| 12/07/2022 | Active Under Contract | $2,395,000 |
| 11/28/2022 | Listed | $2,395,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Stace Valnes, Create. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
