1015 Franklin Street, Santa Monica, California 90403, Santa Monica, 90403 - 5 bed, 7 bath
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Santa Monica, California 90403
Analysis of 1015 Franklin Street, Santa Monica, California 90403 is currently available with a list price of $9,995,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is a partially completed shell that has been sitting unfinished for several years. It lacks functional kitchens, bathrooms, and finished systems, requiring a full interior rehab and completion to reach a livable state.
Situated on one of Santa Monica's premier streets, this property offers rare panoramic views of the ocean, mountains, and city lights, providing significant prestige and long-term value.
Boasting over 10,000 square feet of living space on a large lot, the three-level floor plan includes high-end amenities such as a theater, gym, elevator shaft, and a massive rooftop deck.
As a partially completed development, this project allows a buyer to bypass the initial years of planning and framing while still offering the flexibility to select final finishes for a bespoke trophy estate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 10487, other record living area = 2103. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property has remained unfinished for several years, which may present challenges regarding permit expirations, updated building codes, and potential degradation of exposed structural elements.
Sold in 'As-Is' condition at a high entry price point, the project requires a sophisticated buyer with substantial additional capital and a specialized construction team to navigate the complexities of finishing the build.
Wow come see this development opportunity to complete this Modern home on one of the best streets in Santa Monica. This property is partially completed - approximately 10,000 sf, 3 level home on a nearly 12,000 sf lot with stunning views. Lower level has great room, gym, bedroom and theatre. Main level has huge open rooms with family room, kitchen, formal dining, living and office or guest suite. Upstairs are 4 beds ensuite and enormous roof top deck. An elevator shaft has been installed and some systems were wired plumbed etc. It's time to complete this beauty! Being sold in AS IS condition. The photos are digital renderings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 7.0 | 3.5 |
| Square foot | 10,487 | 2,285.5 |
| Lot Size | 11,808 | 7,496 |
| Price | $9.99M | $3.70M |
| Price per sq ft | $953 | $1.7K |
| Built year | 0 | 1936 |
| HOA | $0 | $0 |
| Days on market | 92 | 51 |
Apr 21, 2026
$9,995,000
Initial Listing
Jul 21, 2016
$3,500,000
Public Record
Dec 13, 2005
$1,000
Public Record
Jan 15, 1999
$1,160,000
Public Record