5418 Franklin Avenue
Los Angeles, CA 90027
Active for $2,000,000
Beds: 10 Baths: 6 Structure Size: 6,556 sqft Lot Size: 10,593 sqft
| MLS | 24454231 |
| Year Built | 1923 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,000,000 |
| Structure Size | 6,556 sqft |
| Lot Size | 10,593 sqft |
| Beds | 10 |
| Baths | 6 |
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.
Listing information courtesy of: Michelle St. Clair, Sotheby's International Realty 213-304-4943. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Edwin Tsaturyan
REALTOR®
Direct: 818.209.9187
Email: Email Me
DRE: 01340827
DRE #01873088
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