1301 FRANKLIN Street #5, Santa Monica, CA 90404 (MLS # 18333676)

Price $519,000
Status Active
Beds 2
Baths 2 baths
Home size 914 sq ft
Lot Size 29,046 sqft
Days on Market 97
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!
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 4/18/2018 Year Built 1956
Community C14 - Santa Monica County Los Angeles

Additional Details

AIR None
AMENITIES Controlled Access, Dues Paid Monthly, Earthquake Insurance, Hot Water, Insurance, Maintenance Grounds, Other
APPLIANCES Refrigerator
AREA C14 - Santa Monica
GARAGE Garage - Single Door
HOA DUES 436.00
LOT 0.67 acre(s)
UTILITIES Cable Available



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Listing provided by : Andrew Thurm CalBRE:01235485, Coldwell Banker Residential Br

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Based on information from California Regional Multiple Listing Service, Inc. as of 7/21/18 2:31 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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