1301 Franklin Street , #5

    Santa Monica, CA 90404
    • $489,000
    • STATUS: Closed
    • ON SITE: 154 days
    • ID#: 18333676
    Sold - 08/28/2018
    $489,000
    SOLD - 08/28/2018
    • 2
      BEDS
    • 0.67
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 914
      SQFT
    • $535
      $/SQFT
    Neighborhood:
    Type:
    Condo
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Charming building with curb appeal. 2 bedroom 1.5 Bath town home located in a courtyard setting with mature landscaping creating a peaceful living environment. Excellent opportunity for investors and 1031 exchange buyers to purchase a property for approximately $175,000 to $250,000 below market value. Two most recent sales in the building sold for over 900 a foot. We are price at 567 a foot. The town home is being sold with a tenant paying $1,753 per month. The tenant cannot be evicted unless they voluntarily agree to a relocation fee. (see attached seller disclosure statement regarding Tenant Ownership Rights Charter Amendment). Buyer to do their own due diligence regarding Rent Control Law-city of Santa Monica. Fantastic upside potential is waiting for the savvy investor!

    Sold by Andrew Thurm BRE#01235485 of Coldwell Banker Residential Brokerage.

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    Based on information from CARETS as of 2018-09-20T21:49:25.323. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.
    www.sellbuyla.com/homes/82716485

    1301 Franklin Street , #5 Santa Monica, CA 90404

    • Price: $519,000
    • Status: Closed
    • Updated: 50 min ago
    • ID#: 18333676
    2
    Beds
    2
    Baths
    0
    ½ Baths
    0.67
    Acres
    914
    SQFT
    $535
    $/SQFT
    1956
    Built
    Neighborhood:
    Santa Monica (C14)
    County:
    Los Angeles
    Area:
    Santa Monica (C14)
    Property Description
    Charming building with curb appeal. 2 bedroom 1.5 Bath town home located in a courtyard setting with mature landscaping creating a peaceful living environment. Excellent opportunity for investors and 1031 exchange buyers to purchase a property for approximately $175,000 to $250,000 below market value. Two most recent sales in the building sold for over 900 a foot. We are price at 567 a foot. The town home is being sold with a tenant paying $1,753 per month. The tenant cannot be evicted unless they voluntarily agree to a relocation fee. (see attached seller disclosure statement regarding Tenant Ownership Rights Charter Amendment). Buyer to do their own due diligence regarding Rent Control Law-city of Santa Monica. Fantastic upside potential is waiting for the savvy investor!
    Exterior Features

    Building Structure Style Mid Century Common Walls Attached Covered Spaces Total 1 Parking Type Garage - Single Door Patio Features Covered Porch Pool Descriptions No Pool Unit Floor In Building 1 View Other View

    Interior Features

    Appliances Refrigerator Cooking Appliances Range Cooling Type None Eating Areas Dining Area Fireplace Features Decorative Fireplace YN Yes Floor Material CarpetCeramic Tile Heating Type Wall Electric Interior Features Other Laundry Locations CommunityOther - See Remarks Total Floors 2

    Property Features

    Association Amenities Assoc Maintains LandscapeControlled AccessHot Water Association Fees Include Earthquake InsuranceInsurance PaidMaintenance Paid Association Name Garden State Hoa Association Rules Call For Rules Country United States Of America Cross Streets Arizona Ave. And Franklin St. Hoa Fee Frequency1 Monthly Hoa Fee1 436.0 Hoa YN Y Legal Disclosures Rent ControlOtherEarthquake Insurance AvailableCommission to Buyer Agent Lot Size Source Vendor Enhanced Property Condition Conversion Property Sub Type Condominium Security Safety Automatic Gate Special Conditions Standard Sale Square Footage Source Vendor Enhanced Television Services Cable Tv Units Total In Complex 24 Will Consider Lease YN N Zoning Smr2*

    Listing provided courtesy of Andrew Thurm BRE#01235485 of Coldwell Banker Residential Brokerage.


    Based on information from CARETS as of 2018-09-20T21:49:25.323. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.
     
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