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5418 Franklin Ave, Los Angeles, CA 90027

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For Sale

$2,000,000

10 beds • 6,556 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $305.06
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 24-454231

Courtesy Of sotheby's international realty

(323) 665-1700

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    New Traditional
  • Floor Covering
    Hardwood, Tile, Tile - Ceramic, Wood
  • Heating System
    Baseboard
  • Lot Size
    0.24 Acres

Map and Directions

Directions to 5418 Franklin Ave, Los Angeles, CA 90027

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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