CA > Los Angeles
Los Angeles, CA 90027,5418 Franklin AVE
Los Angeles, CA 90027,5418 Franklin AVE
Los Angeles, CA 90027,5418 Franklin AVE
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$2,000,000
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10 BD
6 BA
6,556 SqFt
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5418 Franklin AVE Los Angeles, CA 90027

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Nicole Parent

Nicole Parent

+1(559) 930-7171

UPDATED:

10/28/2024 06:25 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,556 sqft

Price per Sqft $305

MLS Listing ID 24454231

Bedrooms 10

Construction Status Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1923

Lot Size 10,593 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Rooms

Ensuite Laundry None

Interior

Interior Features High Ceilings, Open Floorplan, Storage

Laundry Location None

Heating Baseboard

Cooling None

Flooring Tile, Wood

Fireplace No

Appliance Disposal, Oven, Refrigerator

Laundry None

Exterior

Garage Controlled Entrance, Concrete, Covered, Door-Multi, Driveway, Garage, Guest, One Space, On Street, Uncovered

Garage Spaces 3.0

Garage Description 3.0

Pool None

Roof Type Composition

Porch Concrete, Open, Patio

Parking Type Controlled Entrance, Concrete, Covered, Door-Multi, Driveway, Garage, Guest, One Space, On Street, Uncovered

Attached Garage No

Total Parking Spaces 12

Private Pool No

Building

Lot Description Back Yard, Front Yard, Lawn, Yard

Faces North

Story 2

Entry Level Two

Sewer Other

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 5544006029

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Michelle St. Clair • Sotheby's International Realty

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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5418 Franklin AVE