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
Map
Community
- Address5015 Franklin Avenue Los Angeles CA
- AreaC30 – Hollywood Hills East
- CityLos Angeles
- CountyLos Angeles
- Zip Code90027
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Courtesy of Global Premium Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5015 Franklin Avenue
Los Angeles, CA
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