5418 Franklin Avenue
Los Angeles, CA, 90027
$2,000,000
Beds
0 Baths
SqFt
0.24 Acres
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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.

Property Details

Price:
$2,000,000
MLS #:
24454231
Status:
Active
Baths:
0
Address:
5418 Franklin Avenue
Type:
Residential Income
Neighborhood:
637losfeliz
City:
Los Angeles
Listed Date:
Oct 23, 2024
State:
CA
ZIP:
90027
Lot Size:
10,593 sqft / 0.24 acres (approx)
Year Built:
1923
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Schools

Interior

Appliances
Disposal, Refrigerator, Oven
Cooling
None
Flooring
Wood, Tile
Heating
Baseboard
Interior Features
High Ceilings, Open Floorplan, Storage

Exterior

Garage Spaces
3.00
Lot Features
Yard, Front Yard, Lawn, Back Yard
Parking Features
Driveway, Covered, Uncovered, Parking Space, Guest, Street, Concrete, Controlled Entrance, Garage – Two Door
Parking Spots
12.00
Pool Features
None
Roof
Composition
Sewer
Other
Stories Total
2

Financial

Tenant Pays
Gas, Electricity, Insurance

Map

Community

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5418 Franklin Avenue
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