Active
5418 Franklin Ave
Los Angeles CA, 90027
$2,000,000
$305.06 per sqft
Active
10 Beds
6 Baths
6,556 sqft
Multi-family
Built in 1923
Unique opportunity to purchase 6 unit property in a high demand rental pocket. straddling the neighborhoods of Los Feliz and Hollywood. On a lot sized over 10,500 sq ft. there is tremendous value for long term potential. Main front unit is vacant and highlights numerous updates and preservation of character that shows off 1920's character, reflecting architecture of the era. Refinished hardwood flooring throughout and remodeled bathrooms make this available unit perfect for receiving the best quality rent. At the same time, it also lends itself perfectly for an owner/user to build equity by moving into a large, Turnkey space (3 beds/ 2 baths) that has the feel of Single-Family living. This available unit has the convenience of utility area and basement close to kitchen and back door. Front structure has 2 large units (appox. 2000 sq ft.) and detached building in back has 4 units featuring 1 bedroom/1 bath. Driveway has depth that runs the length of the lot, affording many different parking options. Paved flat area in back of second 2 story structure also allows for many uses, including parking, as well. Immediate access to Hollywood on one side and short distance to DTLA in opposite direction. This is an area that consistently has tenants looking to be close to city access; close access to freeway commutes. Public website for CIty Of L.A. shows zoning designations that property falls under the State Enterprise Zone and also is located in specified Transit Priority Area.
24-454231
MLSⓇ ID
October 23, 2024
Listed
October 28, 2024
Updated
Map
5418 Franklin Ave
Los Angeles CA, 90027
Interior Features
Total Stories
2
Bedrooms
10
Total Bathrooms
6
Interior Features
High Ceilings (9 Feet), Open Floor Plan, Storage Space, Turnkey
Appliances
Garbage Disposal, Freezer, Refrigerator, Range/Oven, Gas Or Electric Dryer Hookup
Laundry Description
None
Floor Description
Hardwood, Wood, Tile, Mixed, Ceramic Tile
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.24 Acres
Lot Features
Yard, Fenced Yard, Front Yard, Lawn, Lot-Level/Flat, Single Lot, Walk Street, Street Lighting, Back Yard
Architectual Style
Traditional
Roof
Composition
Sewer
In Street
Other Property Details
Area Name
Hollywood
Days on Market
5
Garage
Yes
Garage Spaces
3
Parking
Driveway, Covered Parking, Driveway Gate, Uncovered, Parking Space, Parking for Guests, On street, Driveway - Concrete, Controlled Entrance, Detached, Garage - 2 Car, Garage Is Detached
Parking Total
12
View
No
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR3
Listed by Michelle St. Clair with Sotheby's International Realty
Listing Contact: 213-304-4943
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor NDA Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/28/2024