5015 Franklin Avenue
Los Angeles, CA, 90027
$1,500,000
Beds
0 Baths
SqFt
0.17 Acres
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We are pleased to present this great duplex in desirable neighborhood at East Hollywood. Situated at bottom of the Griffith Park and Franklin Hill, between Sunset Blvd and Los Feliz Blvd, the property has easy access to the 5 FWY and many local shops , restaurants and famous Hollywood landmarks, like the Griffith Observatory. The 2-story building has two separated units with separate meters and entrances. Upstair unit has a long-term tenant and downstair unit can be owner occupied or be rented to current market value. There is large backyard with a 2 -car garage which can easily be converted to ADU, and with lot of empty space in the backyard, it has potential to add another ADU. (Buyer to verified with the city). This makes the property has huge opportunity to be a 4-unit income generated investment. It is a perfect investment for both owner occupied or investors.The building is well-maintained, as the Seller put a new roof and installed a new water-heater for downstair unit in 2023. With some TLC , this property is a true value-add opportunity for any homeowner or investor.

Property Details

Price:
$1,500,000
MLS #:
WS24023468
Status:
Active
Baths:
0
Address:
5015 Franklin Avenue
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
c30hollywoodhillseast
City:
Los Angeles
Listed Date:
Feb 5, 2024
State:
CA
ZIP:
90027
Lot Size:
7,431 sqft / 0.17 acres (approx)
Year Built:
1922
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Schools

Interior

Cooling
Central Air
Fireplace Features
Living Room
Heating
Central

Exterior

Community Features
Street Lights, Urban
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Tenant Pays
Cable T V, Electricity, Gas, Telephone
Utilities
Electricity Connected, Natural Gas Connected, Water Connected

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Community

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