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    1/2 BATHS
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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

This 4 unit property is compromised of a completely remodeled and rent-ready four-bed/three-bath front house and a 2019 construction triplex with 2, two-bed/two-bath units and 1, four-bed/three-bath + den unit. The triplex units are not subject to rent control. Well-located on a tree-lined street within blocks of major employers such as Amazon Studios, St. Johns Medical Center, Red Bulls North America HQ, Lions Gate, and others. The propertys location proximate to retail has earned it an impressive WalkScore of 88, and the location also offers convenient access to the 10 Freeway, Pacific Coast Highway, and the Metro Expo Line.The units are separately metered for gas and electricity and boast upgraded interiors, in-unit laundry, central HVAC, and patios/balconies. Additionally, $800,000 has been spent to provide the property with a very rare amenity for the area: subterranean parking. Six subterranean and two surface parking spaces are available.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T17:27:21.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/119485510
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1423 Franklin Street Santa Monica, CA 90404

  • Price: $3,950,000
  • Status: Active
  • Updated: 76 min ago
  • ID#: PW21158396
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2018
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
This 4 unit property is compromised of a completely remodeled and rent-ready four-bed/three-bath front house and a 2019 construction triplex with 2, two-bed/two-bath units and 1, four-bed/three-bath + den unit. The triplex units are not subject to rent control. Well-located on a tree-lined street within blocks of major employers such as Amazon Studios, St. Johns Medical Center, Red Bulls North America HQ, Lions Gate, and others. The propertys location proximate to retail has earned it an impressive WalkScore of 88, and the location also offers convenient access to the 10 Freeway, Pacific Coast Highway, and the Metro Expo Line.The units are separately metered for gas and electricity and boast upgraded interiors, in-unit laundry, central HVAC, and patios/balconies. Additionally, $800,000 has been spent to provide the property with a very rare amenity for the area: subterranean parking. Six subterranean and two surface parking spaces are available.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 178354 Gross Scheduled Income 183660 Insurance Expense 0 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 116290 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 62064 Property Condition Turnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 5510 Water Sewer Expense 0 Water Source Public Zoning Smr2*

Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T17:27:21.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395