NOT LISTED FOR SALE

1301 Franklin St Unit 5 Santa Monica, CA 90404

Mid-City Santa Monica Neighborhood

Estimated Value: $695,000 - $950,000

2 Beds
2 Baths
914 Sq Ft
$436/mo HOA Fee

Last Sold August 28, 2018

Last sale price $489,000 $535 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,385/month

99 Days on Market

Highlights

  • 29,047 Sq Ft lot
  • Midcentury Modern Architecture
  • Views
  • McKinley Elementary School Rated A
  • Covered Patio or Porch
  • Controlled Access

About This Home

As of August 2018

Charming building with curb appeal. 2 bedroom 1.5 Bath town home located in a courtyard setting with mature landscaping creating a peaceful living environment. Excellent opportunity for investors and 1031 exchange buyers to purchase a property for approximately $175,000 to $250,000 below market value. Two most recent sales in the building sold for over 900 a foot. We are price at 567 a foot. The town home is being sold with a tenant paying $1,753 per month. The tenant cannot be evicted unless they voluntarily agree to a relocation fee. (see attached seller disclosure statement regarding Tenant Ownership Rights Charter Amendment). Buyer to do their own due diligence regarding Rent Control Law-city of Santa Monica. Fantastic upside potential is waiting for the savvy investor!

Last Agent to Sell the Property

Andrew Thurm

Compass License #01235485 Listed on: 04/16/2018

Compass

Last Buyer's Agent

Andrew Thurm

Compass License #01235485 Listed on: 04/16/2018

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,836

Year Built

  • Built in 1956

Lot Details

  • 0.67

HOA Fees

  • $436 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 914 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Dining Area
  • Oven or Range
  • Property Views

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Covered Space
  • Automatic Gate

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4267-014-061

Community Details

Overview

  • Association fees include earthquake insurance, insurance, maintenance paid
  • 24 Units
  • Maintained Community

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Laundry Facilities
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,836

Year Built

Built in 1956

Lot Details

0

HOA Fees

$436 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Street Number Display: Yes
  • Complex Name: Garden State HOA
  • Entry Floor: 1
  • Living Area: 914
  • Planned Urban Dev: 0
  • Stories: 2
  • Unit Floor In Building: 1
  • Year Built: 1956
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Carpet, Ceramic Tile
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Cable, Range/Oven, Refrigerator
  • Price Per S Q F T: 567.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Garage - 1 Car

Utilities

  • Earth Quake Ins: 1
  • Heating: Wall Electric
  • Security: Automatic Gate

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Controlled Access, Hot Water
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Earthquake Insurance, Insurance, Maintenance Paid
  • HOA Fees: 436.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4267-014-061
  • Geocode Override: No
  • Lot Size Area: 29047

Multi Family

  • Number Of Units: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Aug 8, 2018
Sold by
Sarrow Mark
Bought by
Jelinski Steven J and Jelinski Isabelle C
Seller's Agent
Andrew Thurm
Compass
Buyer's Agent
Andrew Thurm
Compass
List Price
$519,000
Sold Price
$489,000
Premium/Discount to List
-$30,000
-5.78%
Current Estimated Value
$805,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,222
Avg. Annual Appreciation
7.06%
Original Mortgage
$366,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2005
Sold by
Sarrow Mark and Sarrow Elisabeth
Bought by
Sarrow Mark and Sarrow Elisabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2004
Sold by
The Franklin Co
Bought by
Sarrow Mark
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jelinski Steven J $489,000 Lawyers Title
Sarrow Mark -- Chicago Title Co
Sarrow Mark -- Chicago Title Co
Sarrow Mark -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jelinski Steven J $353,000
Closed Jelinski Steven J $366,750
Previous Owner Sarrow Mark $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2018 08/28/18 Sold $489,000 -5.8% $535 / Sq Ft
08/15/2018 08/15/18 For Sale $519,000 0.0% $568 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $519,000 +6.1% $568 / Sq Ft
07/16/2018 07/16/18 Off Market $489,000 -- --
04/16/2018 04/16/18 For Sale $519,000 -- $568 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,836 $545,483 $223,101 $322,382
2024 $6,836 $534,788 $218,727 $316,061
2023 $6,723 $524,303 $214,439 $309,864
2022 $6,627 $514,024 $210,235 $303,789
2021 $6,445 $503,946 $206,113 $297,833
2019 $6,328 $489,000 $200,000 $289,000
2018 $3,797 $287,877 $245,006 $42,871
2016 $3,644 $276,700 $235,493 $41,207
2015 $3,594 $272,545 $231,956 $40,589
2014 $3,556 $267,207 $227,413 $39,794
Source: Public Records

Agents Affiliated with this Home

  • Andrew Thurm

    Seller's Agent in 2018

    Andrew Thurm

    Compass

    (310) 458-0091

    2 in this area

    23 Total Sales

    Andrew Thurm
    Section Image
  • Brett Raskin

    Buyer Co-Listing Agent in 2018

    Brett Raskin

    Compass

    (310) 482-2132

    1 in this area

    74 Total Sales

    Brett Raskin
    Section Image
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Map

Source: The MLS

MLS Number: 18-333676

The MLS

APN: 4267-014-061

California Los Angeles County Santa Monica 90404 Mid-City Santa Monica

1301 Franklin St Unit 5, Santa Monica, CA

This home is located at 1301 Franklin St Unit 5, Santa Monica, CA 90404 since 16 April 2018 and is currently estimated at $805,222, approximately $880 per square foot. This property was built in 1956. 1301 Franklin St Unit 5 is a home located in Los Angeles County with nearby schools including McKinley Elementary School, Lincoln Middle School, and Santa Monica High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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