1240 Franklin Street, 5, Santa Monica, CA 90404
1240 Franklin Street, 5, Santa Monica, CA 90404
Property Description
Discover an exceptional opportunity in the heart of Santa Monica with this spacious top-floor 1-bedroom, 1-bath condo offering an impressive 959 square feet of comfortable living space. Set within an intimate 7-unit building, this residence also features remarkably low HOA dues of just $387 per month. Step inside to a bright and inviting interior featuring laminate flooring and a generous living room anchored by a decorative fireplace. A spacious walk-in coat closet provides excellent storage, while the adjoining enclosed balcony with expansive windows and track lighting creates a versatile bonus space ideal for a home office, reading retreat, or additional lounge area. The spacious kitchen is filled with natural light from a wide window and features stainless steel appliances, including a KitchenAid cooktop, refrigerator, microwave, oven, and dishwasher. Double sinks and a convenient breakfast counter with bar seating make the kitchen both functional and welcoming. The oversized bedroom offers plenty of room to unwind, along with shutters, crown molding, and a large connected closet with two access doors, providing abundant storage. The full bathroom features a wide vanity and a tub/shower combination with sliding glass doors. Adding to the convenience is the highly desirable in-unit stackable washer and dryer. Complete with one assigned parking space, this Santa Monica gem puts you moments from Bristol Farms, Trader Joe’s, Wilshire Boulevard, Santa Monica Boulevard, the Metro E Line, and an incredible selection of shopping, dining, entertainment, and everything the Westside has to offer.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Santa Monica · Condominium
Listed 5.7% below the median closed sale of $822,000. Price per sqft ($808) is a 11% discount to closed comps ($909). Closed comps sold at 100% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 944 11th Street | Santa Monica | 1968 | 1 | 1 | 750 | 7,481 | $1,000 | $750,000 | 85 | 87 |
| 917 2nd Street | Santa Monica | 1972 | 2 | 1 | 870 | 7,519 | $1,144 | $995,000 | 132 | 85 |
| 630 Idaho Avenue | Santa Monica | 1973 | 1 | 1 | 874 | 14,997 | $857 | $749,000 | 55 | 85 |
| 201 Ocean Avenue | Santa Monica | 1971 | 1 | 1 | 868 | 38,619 | $916 | $795,000 | 46 | 85 |
| 404 San Vicente Boulevard | Santa Monica | 1971 | 1 | 1 | 845 | 21,764 | $870 | $735,000 | 47 | 84 |
| Total: 5 · Average | 1.2 | 1.0 | 841.4 | 18,076 | $957.4 | $804,800 | 73 | |||
| Median | 868 | $750,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 852 15th Street | Santa Monica | 1971 | 09/22/2026 | 2 | 2 | 921 | 7,528 | $895,000 | $960,000 | $1,042 | 1.07 | 35 | 88 |
| 521 Montana Avenue | Santa Monica | 1969 | 09/02/2026 | 1 | 1 | 930 | 29,999 | $849,000 | $822,000 | $884 | 0.97 | 54 | 88 |
| 943 12th Street | Santa Monica | 1973 | 08/07/2026 | 1 | 1 | 800 | 7,493 | $775,000 | $755,000 | $944 | 0.97 | 115 | 87 |
| 923 17th St | Santa Monica | 1966 | 09/23/2026 | 2 | 2 | 1,064 | 7,495 | $995,000 | $995,000 | $935 | 1.00 | 174 | 87 |
| 1101 Lincoln Boulevard | Santa Monica | 1964 | 08/28/2026 | 2 | 2 | 1,012 | 7,496 | $749,000 | $749,000 | $740 | 1.00 | 0 | 86 |
| Total: 5 · Average | 1.6 | 1.6 | 945.4 | 12,002.2 | $856,200 | $856,200 | $909 | — | 75.6 | ||||
| Median | 930 | $822,000 | $822,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.