1240 Franklin Street 5
Santa Monica, CA, 90404
$775,000
MLS: SB26183398
Beds
1
Baths
1
Sq Ft
959
Lot
0.19 ac
Year Built
1965
MLS #
SB26183398
Days on Market
53
Listed
Aug 25, 2026
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.
Location
Santa Monica, Los Angeles County, CA 90404
Open on Google Maps ↗Listed by: Gregory Eubanks Jr · Redfin Corporation
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,577
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $77,500 · Loan: $697,500
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,829
- Property tax (1.25%)
- $807
- Homeowners insurance
- $300
- Mortgage insurance
- $291
- HOA dues
- $350
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $27,125 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Santa Monica, CA 90404 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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