Schedule a Meeting
15 more photos

1450 Franklin Street, Santa Monica, CA 90404$2,395,000

· 7800
ft2 lot
$1,011 / ft2

Listing provided courtesy of Stacey Valnes, VALNES BELL REALTORS
Source CRMLS;
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.



On market

2 months

Year built


Property type






Price / Sq.Ft.

$1,011 / ft2


Active Under Contract

Buyer’s Brokerage Commission


Tour this home
Request a free tour of this home

Home details for 1450 Franklin Street

Interior Features & Layout
Kitchen Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Heating & Cooling
Has Heating
Heating Details: Wall Furnace
Flooring: Tile, Wood
Bathrooms Info
Total Bathrooms: 3
Property, Lot, Community & Exterior Features
Multi-Unit Info
Number Of Units Total: 3
Parking Info
Garage Spaces: 3.0
Garage: true
Open Parking Spaces: 1.0
Parking Spaces: 4.0
Community Info
Number Of Buildings: 2
Lot Info
Zoning Type: SMR2*
Lot Size Area: 7800.0
Acres: 0.1791
Lot Size Units: Square Feet
Building Info
Total Sq. Ft.: 2370.0
MLS Property Type: Residential Income
Number of Stories: 1
Listing Details, Costs & Financing Information
Financial Info
Water Sewer Expense: 200.0
Gross Income: 142860.0
Insurance Expense: 1800.0
Lease Info
Net Operating Income: 107823.0
Listing Details
Status: Active Under Contract
Originating System Name: CRMLS
Tax/Assessment Info
APN: 4267016022
School Neighborhood & Directions
Zip Code: 90404
Area: C14 - Santa Monica
Zip Code +4: 2670
Directions: Popular University Streets. Between Broadway and Santa Monica Blvd.
Country: US

Property History for 1450 Franklin Street

CRMLS #22221173
CRMLS #22221173

Similar homes

Recently sold homes near 1450 Franklin Street

BrokerageMortgageTitle & Escrow
Browse homes for sale in
Get the Flyhomes app
Equal Housing Opportunity
By searching, you agree to the Terms of Use, Privacy Policy and California Privacy Notice. California DRE #02012110; Flyhomes Mortgage, LLC: NMLS #1733272
TREC: Info about Brokerage Services, Consumer Protection Notice, Texas Mortgage Company Compliant/Recovery Fund Notice
Real estate brokerage licenses

1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.

Flyhomes is registered trademark of Flyhomes, Inc.

NMLS Consumer Access
Affiliated Business Arrangement Disclosure
Flyhomes © 2023