34.036636 -118.4677

1450 Franklin Street, SANTA MONICA, CA 90404

326003604 34.036636 -118.4677 124 /listing/326003604-150293374/1450-franklin-street-santa-monica-ca-90404 False 0 2395000.0 2370 105 6 3 22221173 False
  • $2,395,000
  • 6 bd
  • 3 ba
  • 2,370 sqft
  • 0.18 lot
  • Est payment $12856.88/mo

Property & Neighborhood Info

Courtesy Of Stacey Valnes, DRE#00989680, Valnes & Company

Multi-Family in Santa Monica

Santa Monica triplexes are exempt from SM rent control if a cottage is owner occupied by the owner or a relative. Maintain control over the entire property. This beautiful triplex sits on a large 7,800 square foot lot, consists of three home-like cottages each with large yards plus 3 separate garages + 1 guest open parking spot. Cottage A enjoys an awesome deck and a spacious wrap-a-round yard. Cottage C enjoys a spa, seating area, grass yard and direct access from the garage. B enjoys a nice front and rear private patio. Cottage A and C have remodeled kitchens and living areas with high ceilings opening to their private yards. Both include a garage. One garage is vacant and has a market rent of $350 per month. The current actual gross annual income is $139,860. All three cottages are currently rented. Incredible opportunity as an owner user or straight investment property. Live in a home-like cottage w/a private yard + a garage and let the rents pay the mortgage and property tax. In 15 years the mortgage can be paid in full while the 3 cottages generate a tremendous cash flow. This triplex is a wealth creator. Close to the Broadway Arts District, major studios, Bergamont Station, shopping and cool restaurants. Live to the fullest by enjoying Santa Monica's great lifestyle by owning this amazing home like income property.

Courtesy Of Stacey Valnes, DRE#00989680, Valnes & Company
  1. 6 Beds
  2. 3 Baths
  3. 2,370 Sq. Ft.
  4. 0.18 Lot

Main Features

  • Listing Status: For Sale Under Contract
  • Year Built: 1944
  • Garage: 3.0
  • County: LOS ANGELES
  • Units: 3
  • Zoning: SMR2*
  • MLS Number:22221173

Additional Features

  • Cooling:
    • None
  • Flooring:
    • Tile
    • Wood
  • Appliances:
    • Dishwasher
    • Disposal
    • Dryer
    • Microwave
    • Refrigerator
    • Washer
  • Attached Garage:
    • N
  • Building Square Feet:
    • 2370
  • Garage:
    • Y
  • New Construction:
    • N
  • Heating:
    • WallFurnace
  • Number of Buildings:
    • 2
  • Gross Income:
    • 142860
  • Net Operating Income:
    • 107823
  • HOA:
    • N
  • Special Conditions:
    • Standard
  • Cap Rate:
    • 4.5
  • DOM:
    • 53
  • Insurance Expense:
    • 1800
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 1030703823
  • Parcel Number:
    • 4267016022
  • Public Document Count:
    • 0
  • Quarter Bath:
    • 0
  • Three Quarter Bath:
    • 0
  • Water Sewer Exp:
    • 200
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Renee Rosen
Renee Rosen
2860 E. Thousand Oaks Blvd. Thousand Oaks CA 91362
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34.036636 -118.4677

1450 Franklin Street SANTA MONICA, CA 90404

326003604 34.036636 -118.4677 124 /listing/326003604-150293374/1450-franklin-street-santa-monica-ca-90404 False 0 2395000.0 2370 105 6 3 22221173 False
  • $2,395,000
  • 6 bd
  • 3 ba
  • 2,370 sqft
  • 0.18 lot
  • Est payment $12856.88/mo