Modern / Contemporary home in Santa Monica, CA
Set in Santa Monica, CA, this Modern home provides 7 bedrooms and 9 bathrooms across 10,689 square feet. The Modern styling carries through the home's design.
| Price | $9,450,000 |
|---|
| Beds | 7 |
|---|
| Baths | 9 |
|---|
| Sqft | 10689 |
|---|
| Architectural style | Modern / Contemporary (39% match) |
|---|
| Address | 1015 Franklin St, Santa Monica, CA 90403 |
|---|
Why buy this home
- Confirmed Modern / Contemporary architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced above comparable homes.
- At $9.4M, this home is 170% above the $3.5M median for 175 similar Modern / Contemporary homes in Los Angeles, CA.
- That works out to $884 per square foot, 11% below the $996 comparable rate.
- On the market 23 days.
| This home | $9,450,000 |
|---|
| Modern / Contemporary median in Los Angeles, CA | $3,500,000 (175 homes) |
|---|
| Price per sq ft | $884 vs. $996 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $64,720/month with 20% down at a 7.28% 30-year fixed rate. You would need about $2,773,723 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $51,726/mo |
|---|
| Property tax (new-buyer reassessed rate) | $9,450/mo |
|---|
| Homeowners insurance | $3,544/mo |
|---|
| Total monthly | $64,720/mo |
|---|
| Down payment (20%) | $1,890,000 |
|---|
| Income needed | $2,773,723/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (53 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (53/100) |
|---|
| Beats renting in | 5% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $3,826,682 |
|---|
| Range (10th to 90th pct) | $2,085,886 to $5,934,316 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Los Angeles, CA where local data is thin.
Local home values
Typical home values in Los Angeles, CA have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Zillow