6061 Franklin Avenue
$2,895,000
12
12
6,132
6,132
$472
Description
We are pleased to present a twelve (12) unit apartment building located at 6061 Franklin Avenue in Los Angeles, California. The subject property is positioned in a prime Greater Hollywood Hills location, north of Franklin Avenue and west of North Beachwood Drive. Built in 1954, this property contains a streamlined unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with six (6) smaller, four (4) that are large, and two (2) large front units that boast a private patio...We are pleased to present a twelve (12) unit apartment building located at 6061 Franklin Avenue in Los Angeles, California. The subject property is positioned in a prime Greater Hollywood Hills location, north of Franklin Avenue and west of North Beachwood Drive. Built in 1954, this property contains a streamlined unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with six (6) smaller, four (4) that are large, and two (2) large front units that boast a private patio in the front of the building. The whole building was fully renovated in 2015, now features a quality aesthetic with wood deco throughout, completed a soft-story retrofit in 2021, is gated & secure with a recently re-tarred driveway, CCTV throughout the building, and an on-site laundry room. There are six (6) uncovered parking spaces and two (2) tuck-under parking spaces available. There is two (2) additional large storage units with potential to convert into multiple ADUs. Tenants will enjoy being within short walking distance to some of the best entertainment, retail, and restaurant amenities in Los Angeles. Some of the nearby amenities include the Hollywood Walk of Fame, Avalon Hollywood & Bardot, Gower Plaza Shopping Mall, Gelson's Grocery, TAO, Katsuya Hollywood, Wood & Vine, Scum and Villainy Cantina, The Bourbon Room, and many more. A short drive up North Beachwood Drive and residents can experience outdoor recreation hiking the Hollywood sign and enjoying the quaint, laid back community at Beachwood Canyon. Situated in a prime greater Hollywood Hills location, this offering presents an excellent opportunity for any investor to purchase a turn-key, quality aesthetic asset with an excellent starting cap rate.
- Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 6061 Franklin Avenue
Zoning
LAR3
Parcel Number5586008002
Total Units12.0
Living Area6132
Source Living AreaPlans
AreaHollywood Hills East (C30)
Vacancy Rate17%
Lot Size Area6364
LISTING UPDATED: 11/25/2024 12:20 PM
Property Details for 6061 Franklin Avenue
Status | Active |
---|---|
MLS # | 24-466895 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.15 AC / 6,364 SF |
County | Los Angeles County |
Building Information for 6061 Franklin Avenue
Stories3Residences-Year Built1954Building Size-Lot Size0.15 AC / 6,364 SF
Property Information for 6061 Franklin Avenue
Property History for 6061 Franklin Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6061 Franklin Avenue
Taxable ValueLand$1,883,644Additions$1,591,812Total$3,475,456
Tax Record2018$41,815 ($3,485 / month)
Home Facts
Total Finished SqFt5,306 SqFtAbove Grade Finished SqFt5,306 SqFtLot Size6,362 SqFtStyleMulti-Family Res (5+ Units)Year Built1954Year Renovated1954ZoningLAR3CountyLOS ANGELESAPN5586008002
Schools near 6061 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 | ||
Citizens of the World Charter School Hollywood CharterK to 5 |
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.