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5418 Franklin Avenue
Los Angeles, CA 90027
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.
PROPERTY INFORMATION
| MLS # | 24454231 | Lot Size | 10,593 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,000,000
Price Per SqFt: $ 305 |
DOM | 193 Days |
| Address | 5418 Franklin Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 6,556 Sq. Ft. |
| Postal Code | 90027 | Garage | 3 |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 10 / 0 | Parking | 12 |
| Built In | 1923 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Refrigerator, Oven |
| Kitchen Information | Tile Counters |
| Has Heating | Yes |
| Heating Information | Baseboard |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Wood, Tile |
| InteriorFeatures Information | High Ceilings, Open Floorplan, Storage |
| EntryLocation | Living Room |
| Bathroom Information | Tile Counters, Remodeled |
EXTERIOR FEATURES
| Roof | Composition |
| Has Pool | No |
| Pool | None |
| Has Patio | Yes |
| Patio | Patio Open, Concrete |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,133
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/23/2024 | Listed | $2,000,000 |
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Listing provided courtesy of Michelle St. Clair, Sotheby's International 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.
