1301 Franklin St Santa Monica, CA 90404

$519,000
Santa Monica, CA   90404
2 Beds, 2.0 Baths, 914 sq ft, 29,047 sq ft lot, Built in 1956
1301 Franklin St, Santa Monica, CA 90404 Photo 0
1301 Franklin St, Santa Monica, CA 90404 Photo 1
1301 Franklin St, Santa Monica, CA 90404 Photo 2
1301 Franklin St, Santa Monica, CA 90404 Photo 3
1301 Franklin St, Santa Monica, CA 90404 Photo 4
2 Beds,
2.0 Baths,
914 sq ft,
29,047 sq ft lot
Built in 1956

Description

MLS# 18333676

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 Andrew Thurm, Coldwell Banker Residential Br.

Description

MLS# 18333676

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 Andrew Thurm, Coldwell Banker Residential Br.

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    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
PARKING: Garage - Single Door
COOLING: None
VIEW: See Remarks
POOL: None
LAUNDRY: Community, See Remarks
Interior Features
APPLIANCES: Refrigerator
FLOOR: Carpet, Tile
FIREPLACE: Decorative
Exterior Features
SECURITY: Automatic Gate
Community
HOA DUES 1: 436.00
AMENITIES: Controlled Access, Earthquake Insurance, Other, Hot Water, Maintenance Grounds, Dues Paid Monthly, Insurance
UNITS TOTAL: 24
STORIES TOTAL: 2
Land
ZONE: SMR2*
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