Welcome to 1649 Franklin Street, a rare gem in the heart of Santa Monica offering both charm and investment value. This beautifully updated duplex sits on a 6,300 sq. ft. lot and features two separate homes with private entrances, making it an excellent opportunity for investors, 1031 exchange buyers, or owner-occupants seeking rental income. The front house is a delightful 3-bedroom home, framed by a classic white picket fence and a lush front yard, while the back house offers a spacious 3-bedroom, 1.75-bath layout with its own private backyard. Both units boast hardwood floors, abundant natural light, and modern conveniences, including washer/dryer, refrigerator, and gas stove. Recent upgrades include new exterior painting drought tolerant landscaping. The property also features garage parking for one car and separate gas meters for added flexibility. Nestled south of Wilshire and north of Olympic Blvd, this prime location offers easy access to Santa Monica's best, including the Water Garden, major studios, top tech and entertainment employers (Snap Inc., Hulu, Lionsgate, Amazon, Microsoft, Sony, and more), UCLA Health Center, and the World's Largest V3 Tesla Supercharging Station. Just minutes from sun-kissed beaches, the 3rd Street Promenade, and Metro/freeway access, this property is a beacon of opportunity with immediate value and long-term growth potential. Truly not to be missed!