1629 Franklin Street 4, Santa Monica, California 90404, Santa Monica, 90404 - 1 bed, 1 bath

1629 Franklin Street 4, Santa Monica, California 90404 home-pic-0
ACTIVE$549,000
1629 Franklin Street 4, Santa Monica, California 90404
1Bed
1Bath
714Sqft
6,305Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Santa Monica Location: Situated in the heart of Santa Monica, offering easy access to the Pacific Ocean, vibrant dining, shopping (Third Street Promenade, Santa Monica Place), parks, bike paths, and essential services, all on a tree-lined street with convenient freeway access.
Top Cons:
Older Building Construction: Built in 1973, the building's age may raise concerns for some buyers regarding potential future common area maintenance or less modern infrastructure compared to newer developments.

Compared to the nearby listings

Price:$549.0K vs avg $905.0K ($-356,000)16%
Size:714 sqft vs avg 1,009 sqft23%
Price/sqft:$769 vs avg $82032%

More Insights

Built in 1973 (52 years old).
Condition: The property, built in 1973, benefits from a recently updated kitchen with new modern appliances, countertops, cabinetry, and touchless faucets, as well as a bathroom featuring contemporary fixtures and a new vanity. The flooring in the bedroom also appears new and well-maintained. These significant updates to key areas make the unit move-in ready with no immediate renovation required, aligning with the 'Good' criteria for extensive renovation within 5-15 years. While the building itself is older and lacks in-unit laundry and AC, the interior condition, particularly the kitchen and bathroom, is well above average for its age.
Year Built
1973
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$769
HOA
$350
Days on market
-
Sold On
-
MLS number
SR25134005
Home ConditionGood
Features
View-

About this home

A spacious 1 bed 1 bath condominium, First floor unit In a 5 unit Complex in the heart of Santa Monica offers a blend of comfort, style, and prime location. Interior Features Upon entering, you're greeted by an open-concept living area that seamlessly integrates the living room, dining space, and kitchen. Large windows allow natural light to enhance the sense of openness. Recently updated, the kitchen is equipped with new modern appliances countertops, and cabinetry, touchless faucets making it both functional and stylish. The bedroom comfortably accommodates a king-sized bed and includes an oversized closet. The bathroom features contemporary fixtures, a new vanity, and a combination bathtub and shower. The Livingroom is equipped with a huge closet large enough to accommodates bicycles, scooters and all of your toys. Building Features Easy access Garage with brand new garage door opener and lots of street parking with on-site laundry all in a warrantable low down conventional or fha and va approved 5 unit complex. Location and Neighborhood Situated in the heart of Santa Monica, just a short distance from everything Santa Monica is famous for, a convenient location in one of California's most sought-after coastal cities. Offering residents easy access to the Pacific Ocean's sandy shores. The area boasts a vibrant dining scene, with numerous cafes, restaurants, and bars. Shopping enthusiasts will appreciate the proximity to the Third Street Promenade and Santa Monica Place, both offering a wide array of retail options. For those who enjoy outdoor activities, nearby parks and bike paths all on A Tree-lined Street. walking distance to the water gardens . Whole foods, Ralphs, banks and essential services with easy freeway access. With urban conveniences, this condo presents an ideal option for those seeking both comfort and a vibrant lifestyle. Lowest price condo in the area with one of the lowest HOA's of $350 month which covers water, trash, sewer, insurance and maintenance onsite laundry. Seller/agent bre 01211126.

Price History

Date
Event
Price
08/28/24
Sold
$440,000
Condition Rating
Good

The property, built in 1973, benefits from a recently updated kitchen with new modern appliances, countertops, cabinetry, and touchless faucets, as well as a bathroom featuring contemporary fixtures and a new vanity. The flooring in the bedroom also appears new and well-maintained. These significant updates to key areas make the unit move-in ready with no immediate renovation required, aligning with the 'Good' criteria for extensive renovation within 5-15 years. While the building itself is older and lacks in-unit laundry and AC, the interior condition, particularly the kitchen and bathroom, is well above average for its age.
Pros & Cons

Pros

Prime Santa Monica Location: Situated in the heart of Santa Monica, offering easy access to the Pacific Ocean, vibrant dining, shopping (Third Street Promenade, Santa Monica Place), parks, bike paths, and essential services, all on a tree-lined street with convenient freeway access.
Recently Updated Interior: The kitchen features new modern appliances, countertops, cabinetry, and touchless faucets, while the bathroom boasts contemporary fixtures and a new vanity, enhancing the unit's appeal and functionality.
Low HOA Fees: Boasts one of the lowest HOA fees in the area at $350/month, covering water, trash, sewer, insurance, and maintenance, providing significant cost savings for residents.
FHA/VA Approved Complex: The 5-unit complex is warrantable and approved for low-down conventional, FHA, and VA financing, broadening the pool of potential buyers.
Spacious Layout & Ample Storage: A spacious 1-bedroom unit comfortably accommodates a king-sized bed with an oversized closet, and the living room includes a huge closet suitable for bicycles and other items, maximizing utility.

Cons

Older Building Construction: Built in 1973, the building's age may raise concerns for some buyers regarding potential future common area maintenance or less modern infrastructure compared to newer developments.
First Floor Unit: Being a first-floor unit, it may offer less privacy, natural light, or be more susceptible to street noise compared to units on higher floors, which can be a preference for some buyers.
No In-Unit Laundry or AC: While on-site laundry is available, the absence of in-unit laundry may be a drawback for convenience. Additionally, the description does not mention a cooling system (AC), which could be a comfort issue during warmer months.

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