Log In/Sign Up
1233 Franklin St
Santa Monica, CA 90404
The Franklin · Multifamily Property For Sale
·
8 Units
Investment Highlights
- The Franklin represents less than one annual buying opportunity for new product within the submarket of similar unit composition and vintage
- Santa Monica is recognized as the premier coastal submarket of California and entices visitors and permanent residents alike from around the globe.
- Silicon Beach houses many industry-leading giants including Snapchat, Hulu, Google, Facebook, and SpaceX.
- Heated Concrete floors, quartz countertops, spacious balconies, and sophisticated appliances place The Franklin in a class of its own.
- Asking rents and sale prices for multifamily product in Santa Monica is amongst the highest in Greater Los Angeles.
- Astronomical housing prices in the submarket makes home ownership impossible for young professionals.
Property Facts
| No. Units | 8 | Building Size | 10,567 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2018 |
| Building Class | C | Parking Ratio | 0.76/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | SMR2* | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 10,567 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2018 |
| Parking Ratio | 0.76/1,000 SF |
| Zoning | SMR2* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Tile Floors
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | - | 1,087 |
| 3+2 | 1 | - | 1,450 |
| 3+3 | 1 | - | 1,700 |
Property Taxes
| Parcel Number | 4267-001-018 | Improvements Assessment | $2,292,209 |
| Land Assessment | $5,348,488 | Total Assessment | $7,640,697 |
Property Taxes
Parcel Number
4267-001-018
Land Assessment
$5,348,488
Improvements Assessment
$2,292,209
Total Assessment
$7,640,697
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
