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5015 Franklin Avenue
Los Angeles, CA 90027
We are pleased to present this great duplex in desirable neighborhood at East Hollywood. Situated at bottom of the Griffith Park and Franklin Hill, between Sunset Blvd and Los Feliz Blvd, the property has easy access to the 5 FWY and many local shops , restaurants and famous Hollywood landmarks, like the Griffith Observatory. The 2-story building has two separated units with separate meters and entrances. Upstair unit has a long-term tenant and downstair unit can be owner occupied or be rented to current market value. There is large backyard with a 2 -car garage which can easily be converted to ADU, and with lot of empty space in the backyard, it has potential to add another ADU. (Buyer to verified with the city). This makes the property has huge opportunity to be a 4-unit income generated investment. It is a perfect investment for both owner occupied or investors.The building is well-maintained, as the Seller put a new roof and installed a new water-heater for downstair unit in 2023. With some TLC , this property is a true value-add opportunity for any homeowner or investor.
PROPERTY INFORMATION
| MLS # | WS24023468 | Lot Size | 7,431 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Duplex |
| Price | $ 1,500,000
Price Per SqFt: $ 561 |
DOM | 453 Days |
| Address | 5015 Franklin Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,676 Sq. Ft. |
| Postal Code | 90027 | Garage | 2 |
| County | Los Angeles | Year Built | 1922 |
| Bed / Bath | 5 / 0 | Parking | 2 |
| Built In | 1922 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | In Closet |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,600
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/09/2024 | Price Change (Relisted) | $1,500,000 (-9.09%) |
| 05/29/2024 | Active | $1,650,000 |
| 03/08/2024 | Relisted | $1,650,000 |
| 02/24/2024 | Relisted | $1,650,000 |
| 02/05/2024 | Listed | $1,650,000 |
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Listing provided courtesy of VIVIAN ZHU, Global Premium Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
