5977 Franklin Avenue

Los Angeles, CA 90068

$2,100,000
Price
4
Beds
36
Baths
4,464 Sq. Ft.
$470 / Sq. Ft.
4,464
Sq. Ft.
$470
per Sq. Ft.

Description

Beautiful 8-plex comprising of four studios and four one-bedroom apartments with 7 assigned parking spaces. This property is located in the heart of Franklin Village in prime Hollywood, is half a block from shops cafes and restaurants and UCB theater and one block from the Gelson's supermarket. First time on the market in 40 years.Beautiful 8-plex comprising of four studios and four one-bedroom apartments with 7 assigned parking spaces. This property is located in the heart of Franklin Village in prime Hollywood, is half a block from shops cafes and restaurants and UCB theater and one block from the Gelson's supermarket. First time on the market in 40 years.
  1. Listed by Iacopo Wachter • DRE #01487692 • Brokerage DRE #01273285 • First American Team Realty Inc • 310-922-5195

Property Details for 5977 Franklin Avenue

Parking Spaces Total
7
Private Pool
No
Cooling Type
Wall/Window
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4464
Assessor Parcel Number
5586-014-006
LISTING UPDATED: 11/13/2024 10:38 PM

Property Details for 5977 Franklin Avenue

StatusActive
MLS #PW24191294
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
CountyLos Angeles County

Building Information for 5977 Franklin Avenue

Building/Complex5977 Franklin AveFloor-Stories2Residences-Pet Policy-Year Built1930Building Size-

Property Information for 5977 Franklin Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $99,216
  • Gross Scheduled Income: $160,836
  • Gross Spendable Income: $99,216
  • Net Operating Income: $92,576
Expense Details
  • Operating Expense: $6,640
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,000
  • Professional Management Expense: $0
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,440
  • Total Expenses: $6,640
Tax / Assessment Info
  • Tax Tract Number: 189...
  • Tax Census Tract: 1895.01
  • CFD/Mello-Roos Fee: $1,146
  • Tax Lot: 34
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Uncovered
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,675
  • Unit Type Total Rent: $1,675
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,875
  • Unit Type Total Rent: $1,875
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,930
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $913
  • Unit Type Total Rent: $913
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 8
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 8

Property History for 5977 Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5977 Franklin Avenue

Taxable ValueLand$179,209Additions$283,568Total$462,777
Tax Record2024$6,698 ($558 / month)
Home Facts
Total Finished SqFt4,464 SqFtAbove Grade Finished SqFt4,464 SqFtLot Size7,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningLAR3CountyLOS ANGELESAPN5586-014-006

Schools near 5977 Franklin Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Cheremoya Avenue Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Hollywood Senior High School
Public9 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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5977 Franklin Avenue is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on September 11, 2024 by First American Team Realty Inc, it's currently listed at $2,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Cheremoya Avenue Elementary School, Joseph Le Conte Middle School and Hollywood Senior High School. 5977 Franklin Avenue is a 4-bed, 36-bath, 4,464 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First American Team Realty Inc, Iacopo Wachter, DRE #01487692

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.