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1541 Franklin Street 5, Santa Monica, California 90404, Santa Monica, 90404 - 3 bed, 3 bath

1541 Franklin Street 5, Santa Monica, California 90404 home-pic-0
ACTIVE$1,250,000
1541 Franklin Street 5, Santa Monica, California 90404
3Beds
3Baths
1,321Sqft
Lot
Year Built
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$946
HOA
$200
Days on market
-
Sold On
-
MLS number
25536971
Home ConditionExcellent
Features
Good View: Mountain(s)
Deck
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(77th), sqft - 1321(55th), beds - 3(71th), baths - 3(55th).

Rent to Own Options Available!!!] Experience modern living in this newly constructed townhome in a prime Santa Monica location! One of just five exclusive units, this 1,321-square-foot residence offers 3 bedrooms, 2.5 baths, and stylish finishes throughout. The open-concept main level boasts a sleek kitchen with brand-new stainless steel appliances, a living area, and a powder room for guests. Enjoy the convenience of an in-unit full-size stackable washer and dryer upstairs off the three bedrooms, including a primary suite. The crown jewel of this home is the expansive rooftop deck, offering breathtaking panoramic views, perfect for entertaining or simply soaking in the beauty of Santa Monica. Additional highlights include subterranean side-by-side parking with an elevator to street level for easy access. Ideally located near trendy shops, renowned restaurants, Whole Foods Market, and iconic attractions like Third Street Promenade and Santa Monica Beach, this home places you at the center of it all. It's also situated in an award-winning school district and close to top medical facilities, making it an exceptional choice for any lifestyle. Don't miss this rare opportunity to own a contemporary coastal retreat in one of LA's most sought-after neighborhoods!

Price History

Date
Event
Price
01/31/03
Sold
$2,000,000
Condition Rating
Excellent
This property is described as 'newly constructed' and features 'stylish finishes throughout' and a 'sleek kitchen with brand-new stainless steel appliances.' The images confirm a modern aesthetic with new two-tone cabinetry, contemporary countertops, subway tile backsplash, and matching stainless steel appliances. Flooring is a mix of new wood-look laminate/vinyl and large format tile. All visible elements, including recessed lighting and bathroom fixtures (from the glimpse provided), appear pristine and consistent with new construction, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Prime Santa Monica Location: Situated in a highly desirable Santa Monica neighborhood, offering unparalleled access to trendy shops, renowned restaurants, Whole Foods Market, Third Street Promenade, Santa Monica Beach, award-winning schools, and top medical facilities.
Newly Constructed & Modern Design: This is a newly constructed townhome featuring stylish finishes throughout, an open-concept main level, and a sleek kitchen equipped with brand-new stainless steel appliances, appealing to buyers seeking contemporary, move-in ready living.
Expansive Rooftop Deck with Panoramic Views: The property boasts an expansive rooftop deck that provides breathtaking panoramic views, offering a premium outdoor space ideal for entertaining or relaxation.
Exclusive & Low-Density Living: As one of only five exclusive units, the residence offers a sense of privacy and exclusivity, distinguishing it from larger, more crowded condominium complexes.
Convenient Amenities & Parking: Includes practical conveniences such as an in-unit full-size stackable washer and dryer, and subterranean side-by-side parking with elevator access to street level, highly valued in an urban environment.

Cons

Compact Living Space: At 1,321 square feet for a 3-bedroom, 2.5-bath unit, the living space may be considered compact for some buyers, particularly families, given the Santa Monica price point.
Ongoing Association Fees: The property is subject to a monthly association fee of $200, which represents an additional recurring cost for ownership, despite being relatively modest for the area.
Rent-to-Own Option: The explicit mention of 'Rent to Own Options Available!!!' could suggest a less straightforward sales process or a strategy to attract a specific buyer demographic, potentially complicating the transaction for traditional buyers.

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