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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Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Santa Monica · Condominium
Listed 4.3% below the median closed sale of $810,000.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 11970 Montana Avenue | Los Angeles | 1964 | 1 | 1 | 1,098 | 39,193 | $637 | $699,900 | 29 | 82 |
| 12115 San Vicente Boulevard | Los Angeles | 1974 | 1 | 1 | 954 | 36,347 | $734 | $699,999 | 170 | 81 |
| 1440 23rd Street | Santa Monica | 1973 | 2 | 2 | 970 | 34,150 | $799 | $775,000 | 72 | 78 |
| 2452 Chelsea Place | Santa Monica | 1974 | 2 | 2 | 1,046 | 15,431 | $717 | $750,000 | 39 | 78 |
| 1522 Saltair Ave | Los Angeles | 1994 | 2 | 2 | 1,040 | 11,947 | $688 | $715,000 | 23 | 76 |
| Total: 5 · Average | 1.6 | 1.6 | 1,021.6 | 27,413.6 | $715 | $727,979.8 | 66.6 | |||
| Median | 1,040 | $715,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1447 Franklin Street | Santa Monica | 1975 | 06/18/2026 | 2 | 2 | 888 | 7,579 | $699,000 | $699,000 | $787 | 1.00 | 49 | 81 |
| 1447 Stanford Street | Santa Monica | 1967 | 02/25/2026 | 2 | 2 | 1,030 | 31,241 | $820,000 | $810,000 | $786 | 0.99 | 54 | 76 |
| 1527 Centinela Avenue | Santa Monica | 1948 | 06/23/2026 | 2 | 2 | 772 | 7,869 | $799,000 | $799,000 | $1,035 | 1.00 | 43 | 76 |
| 1528 Yale Street | Santa Monica | 1948 | 07/07/2026 | 2 | 2 | 879 | 18,732 | $849,000 | $810,000 | $922 | 0.95 | 63 | 75 |
| 12203 Idaho Avenue | Los Angeles | 1989 | 07/08/2026 | 2 | 2 | 1,071 | 7,466 | $849,000 | $840,000 | $784 | 0.99 | 53 | 75 |
| Total: 5 · Average | 2.0 | 2.0 | 928 | 14,577.4 | $791,600 | $791,600 | $862.8 | — | 52.4 | ||||
| Median | 888 | $810,000 | $810,000 | ||||||||||
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.