5418 Franklin Avenue, Los Angeles, CA 90027
-
Listed Price :
$2,000,000
-
Beds :
10
-
Baths :
6
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Property Size :
6,556 sqft
-
Year Built :
1923
Property Description
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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Kitchen Information |
| Features |
Tile Counters |
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Features |
Remodeled, Tile Counters |
| Bathrooms |
6 |
| Flooring Information |
| Material |
Tile, Wood |
| Interior Information |
| Features |
High Ceilings, Open Floorplan, Storage |
| Cooling Type |
None |
Listing Information
| Address |
5418 Franklin Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90027 |
| County |
Los Angeles |
| Listing Agent |
Michelle St. Clair DRE #01449428 |
| Co-Listing Agent |
Allen Levoff DRE #00593762 |
| Courtesy Of |
Sotheby's International Realty |
| List Price |
$2,000,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
6,556 |
| Lot Size |
10,593 |
| Year Built |
1923 |
Listing information courtesy of: Michelle St. Clair, Allen Levoff, Sotheby's International Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 31st, 2024 at 2:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
