5418 Franklin Avenue
$2,000,000
10
6
6,556
6,556
$305
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...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.
- Listed by Michelle St. Clair • DRE #01449428 • Brokerage DRE #01407690 • Sotheby's International Realty
- Listed by Allen Levoff • DRE #00593762 • Brokerage DRE #01407690 • Sotheby's International Realty
Property Details for 5418 Franklin Avenue
Zoning
LAR3
StyleTraditional
Parcel Number5544006029
Total Units6.0
Living Area6556
Source Living AreaAssessor
AreaLos Feliz (637)
Vacancy Rateyes
LISTING UPDATED: 11/01/2024 03:06 PM
Property Details for 5418 Franklin Avenue
Status | Active |
---|---|
MLS # | 24-454231 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.24 AC / 10,593 SF |
County | Los Angeles County |
Building Information for 5418 Franklin Avenue
Stories2Residences-Year Built1923Building Size-Lot Size0.24 AC / 10,593 SF
Property Information for 5418 Franklin Avenue
Property History for 5418 Franklin Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5418 Franklin Avenue
Taxable ValueLand$1,774,800Additions$612,490Total$2,387,290
Tax Record2024$30,030 ($2,503 / month)
Home Facts
Total Finished SqFt6,556 SqFtAbove Grade Finished SqFt6,556 SqFtLot Size10,590 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR3CountyLOS ANGELESAPN5544-006-029
Schools near 5418 Franklin Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | 7 to 12 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Grant Elementary School PublicK to 6 | ||
Apex Academy Charter7 to 12 | ||
Hollywood Senior High School Public9 to 12 | ||
Richard A. Alonzo Community Day School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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