$2,450,000
1430 Franklin Street A, Santa Monica CA 90404
Multi-Family (5 Units)
Property type
129 days
On market
$703
Price per sqft
N/A
Garage
1944
Year built
7,805 sqft
Lot size
Home highlights
Open Houses
Overview
The property located in a heart of Santa Monica, close to many shops, restaurants and entertainment establishments, and Santa Monica Beach. Stable occupancy and income stream with substantial up side potential (approximately 32% below the market rent). 1) High Demand Rental Area with Quiet Neighborhood, 2) On-Site Laundry Room for additional income, and 3) Two units have...
Listing provided by: Kimiyasu Murayoshi DRE #01329437 866-455-4685, Andrew C. Lee
Listing updated: May 11, 2026 at 11:58pm.
Last checked: Jun 13, 2026 at 11:30pm
Source: CRMLS #26648747
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $3,153 | $3,153 | $3,500 | Unfurnished |
| 1 | 2 | 1 | — | $3,053 | $3,053 | $3,500 | Unfurnished |
| 1 | 2 | 1 | — | $2,153 | $2,153 | $3,500 | Unfurnished |
| 1 | 1 | 1 | — | $2,148 | $2,148 | $2,800 | Unfurnished |
| 1 | 1 | 1 | — | $2,680 | $2,680 | $2,800 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Dishwasher: 5
Disposal: 5
Refrigerator: 5
Financial Snapshot
Gross Rent Multiplier
15.3x
List Price / Annual Gross Rent
Cap Rate
4.22%
NOI / List Price
Net Operating Income: $103,278
Interior
Heating: Wall Furnace
Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Stories Total: 0
Levels: One
Garage and Parking
Garage: Attached
Parking Total: 4
Lot Information
Land Lease: No
Parcel #: 4267016014
Zoning: SMR2*
Lot Size Dimensions: 48x162
Community
HOA: No
Senior Community: No