1301 Franklin Street Unit 5
Santa Monica, CA 90404
- 2 beds
- 2 baths
- 914 sqft
- ~3/4 acre lot
- $535 per sqft
- 1956 build
- – on site
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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!
Listed By CRMLS_CA / Andrew Thurm / Coldwell Banker Residential Br
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Last updated Apr 19, 2024
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MLS# 18333676 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/28/18
Aug 28, 2018
|
Sold | CRMLS_CA | $489,000 | |
8/15/18
Aug 15, 2018
|
Pending | DAMLS | ||
8/15/18
Aug 15, 2018
|
Relisted | DAMLS |