1336 Franklin St, Santa Monica, CA 90404
FOR SALE

1336 Franklin St
Santa Monica, CA 90404

Mid-City
  • 10 Beds
  • 6 Baths
  • 5,132 sqft
  • 10 Beds
  • 6 Baths
  • 5,132 sqft

$2,960,000

Est. Mortgage $18,738/mo*
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Local Information

map showing home location
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Commute Destination

Description

1336 Franklin Street is a six (6) unit investment asset in Prime Santa Monica. The property consists of four (4) 2BD/1BA units and two (2) 1 BD/1BA units. Onsite laundry facilities and eight (8) storage spaces provide additional income. Three (3) garages offer the potential for ADU conversion. The property is ideally located in the center of highly desirable Santa Monica. A plethora of world class entertainment, media and technology companies are located within just a one-mile radius, including Hulu, Riot Games, Snapchat and Oracle. EXTREMELY WALKABLE LOCATION. With a Walk Score of 92, the property provides easy, walkable access to all amenities for daily errands and Water Gardens. The building is just blocks from Whole Foods Market, coffee shops, world class restaurants, retail and outdoor recreation areas. WELL-PRICED OWNER/USER OPPORTUNITY. Priced at 4.5% cap rate and 14.6 GRM on current income, this property provides a new buyer with an excellent value-add opportunity for future rent growth and appreciation. INVESTMENT HIGHLIGHTS. Prime Santa Monica Location (4) 2BD/1BA Units and (2) 1BD/1BA Units with On-Site Laundry, Storage and (4) Garages with (3) Units Delivered Vacant and 4.5% Cap Rate with Current Income Priced at Only 14.6 x Gross.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$577
Listed
180+ days ago

Home Details for 1336 Franklin St

Interior Features

Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 6
Dimensions and Layout
Living Area: 5132 Square Feet
Heating & Cooling
Heating: WallHas CoolingAir Conditioning: Wall Unit(s)Has HeatingHeating Fuel: Wall
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 7Parking: Garage Is Detached,Open

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1939
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Price & Status

Price
List Price: $2,960,000Price Per Sqft: $577

Active Status

MLS Status: Active

Location

Direction & Address
City: Santa Monica

Agent Information

Listing Agent
Listing ID: 23-317837

Building

Building Area
Building Area: 5132 Square Feet

Lot Information

Lot Area: 7888.716 sqft

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 23-317837
Last check for updates: 1 day ago
Listing courtesy of Kimberly Roberts Stepp DRE # 01251767, (310) 702-0400
KW Advisors, (310) 482-2200
Source: CLAW, MLS#23-317837

Price History for 1336 Franklin St

DatePriceEventSource
10/13/2023$2,960,000Listed For SaleCLAW #23-317837
08/05/2019$2,106,000Sold
CLAW #19467366
06/19/2019$1,800,000PendingAgent Provided
06/01/2019$1,800,000Listed For SaleAgent Provided

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Property Taxes and Assessment

Year2023
Tax$27,405
Assessment$2,213,980
Home facts updated by county records

Comparable Sales for 1336 Franklin St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1338 S Carmelina Ave, Los Angeles, CA
0.18
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$2,400,000
05/02/23
11
8
6,027
1326 Wellesley Ave, Los Angeles, CA
0.25
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$2,500,000
03/08/24
10
10
6,336
1531 Harvard St, Santa Monica, CA
0.37
Multi-Family Home
$2,292,500
10/24/23
12
6
4,397
1522 Wellesley Ave, Los Angeles, CA
0.33
Multi-Family Home
$2,800,000
10/11/23
6
6
3,860
1230 S Westgate Ave, Los Angeles, CA
0.70
Multi-Family Home
$2,076,000
11/08/23
12
6
5,696
11842 Goshen Ave, Los Angeles, CA
0.73
Multi-Family Home
$3,160,000
11/01/23
10
8
6,923
1300 Armacost Ave, Los Angeles, CA
0.61
Multi-Family Home
$1,696,000
09/12/23
5
5
3,640
2816 Montana Ave, Santa Monica, CA
0.75
Multi-Family Home
$2,300,000
08/14/23
6
5
3,980
1218 McClellan Dr, Los Angeles, CA
0.23
Multi-Family Home
$4,965,000
04/04/24
16
16
11,758
1731 Franklin St, Santa Monica, CA
0.50
Multi-Family Home
$2,500,000
12/08/23
3
5
2,706

Neighborhood Overview

Mid-City
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Mid-City

  • Trulia User
    "Wish it was more pedestrian friendly. Some areas are nicer than others. Lots of traffic and some sketchy folks at times but overall still a good place to live. "
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  • Trulia User
    "Dogs always seem to be welcomed. people are friendly and responsible in regards tk cleaning up afyer their dogs. "
    0
    Flag
  • Trulia User
    "It is a very dog friendly but not a lot of people clean up after their dogs which is extremely annoying "
    0
    Flag
  • Trulia User
    "Nice area for families and children. Very homie vibe with lots and lots and lots of restaurants and places to drink."
    0
    Flag
  • Andrew B.
    "Palm trees and wide avenues quite but centralized. Great weather and close to the beach. Close to work. "
    5
    Flag
  • Jomo M.
    "Lived here for the last 5 years. Truly great neighborhood, walking distance to Trader Joes, Whole Foods, Erehwon, and Expo Line station. Very quiet, easy in and out with traffic. Both kids went to public schools, awesome education. Wished we lived here when they were little - the beautiful Douglass and Yahoo park are definite bonuses. Commute is probably the only against traffic in La County. "
    5
    Flag
  • Neil B.
    "Expensive and convenient everything is close, but it’s not a deal and you overpay to lie in this part of LA "
    1
    Flag
  • Jennafurnari
    "Great, quick and easy access to freeways. Central to most of Santa Monica. Driving against traffic when headed to DTLA"
    1
    Flag
  • Neil B.
    "Lots of other dogs and lots of green space for your dog to poo Wouldn’t like the lack of dog parks "
    0
    Flag
  • Gigi R.
    "Great neighborhood to live in near great schools and shopping and groceries and easy to freeways. Nice "
    0
    Flag
  • phock01
    "None not much goes on here! The community keeps to their self. Boring really could be better but every one stays to their self,"
    0
    Flag
  • Rob E.
    "Cons: limited grassy areas, food wrappers and half eaten fast food on the ground, lots of traffic Pros: people are generally pretty dog friendly ..."
    2
    Flag
  • Christian R.
    "Santa Monica has been a neighborhood oriented town in southern California for over 120 years. We have lived here for over 30 years and love it because everything is within walking distance for us."
    1
    Flag
  • mariam l.
    "Safe and quite and close to supermarket and other service. School are nearby and there are park and fun activity for kids "
    0
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  • Howie B.
    "This neighborhood is amazing. Walk to Whole Foods, Milo and Olive, Tacos Punta Cabra....the best of the best. CVS around the corner, and more dry cleaners than you can shake a stick at!"
    1
    Flag
  • Ross
    "Use to live here and miss it, the best area in LA, it has everything!"
    1
    Flag
  • Kathleen A.
    "Easy-breezy lifestyle! You can buzz around to many of the local cafes and grab a bite to eat around here. Very walkable. Such a cute area!"
    1
    Flag
  • Deborah B.
    "Bike to beach and studios, Water Garden in close proximity"
    0
    Flag

LGBTQ Local Legal Protections

Kimberly Roberts Stepp, KW Advisors
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1336 Franklin St, Santa Monica, CA 90404 is a 10 bedroom, 6 bathroom, 5,132 sqft multi-family built in 1939. 1336 Franklin St is located in Mid-City, Santa Monica. This property is currently available for sale and was listed by CLAW on Oct 13, 2023. The MLS # for this home is MLS# 23-317837.