5418 Franklin Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,556 sqft
Price per Sqft $305
MLS Listing ID 24-454231
Style Traditional
Bedrooms 10
Year Built 1923
Lot Size 10,593 Sqft
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.
Location
State CA
County Los Angeles
Area Los Feliz
Zoning LAR3
Rooms
Other Rooms None
Kitchen Skylight(s), Tile Counters, Counter Top
Interior
Heating Baseboard
Cooling None
Flooring Hardwood, Wood, Tile, Mixed, Ceramic Tile
Equipment Garbage Disposal, Freezer, Refrigerator, Range/Oven, Gas Or Electric Dryer Hookup
Laundry None
Exterior
Garage Driveway, Covered Parking, Driveway Gate, Uncovered, Parking Space, Parking for Guests, On street, Driveway - Concrete, Controlled Entrance, Detached, Garage - 2 Car, Garage Is Detached
Garage Spaces 12.0
Pool None
Roof Type Composition
Building
Lot Description Yard, Fenced Yard, Front Yard, Lawn, Lot-Level/Flat, Single Lot, Walk Street, Street Lighting, Back Yard
Story 2
Sewer In Street
Others
Special Listing Condition Standard