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5418 Franklin Avenue

Los Angeles, CA 90027

$2,000,000

List Price

10

bed Beds

6

shower Baths

6,556 sqft

straighten / sqft

1923

calendar_month Built

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.

Listing Information

List Price $2,000,000
Status Active
MLS 24454231
Type Residential Income
Year Built 1923
Lot Size 10,593
Structure Size 6,556
DOM 8
Courtesy Of Sotheby's International Realty
Listing Agent Michelle St. Clair DRE#01449428
Co-Listing Agent Allen Levoff DRE#00593762

Interior Features

Laundry Information
Location(s) None
Kitchen Information
Features Tile Counters
Total Bedroom
Bedrooms 10
Bathroom Information
Features Remodeled, Tile Counters
Total Bathroom
Bathrooms 6
Flooring Information
Material Tile, Wood
Additional Information
Additional Features High Ceilings, Open Floorplan, Storage
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features Concrete, Open, Patio

Maps

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Listing information courtesy of: Michelle St. Clair, Allen Levoff, Sotheby's International Realty 213-304-4943. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 31st, 2024 at 2:56 PM 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.