5418 Franklin Ave, Los Angeles, CA 90027 – 24-454231

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$2,000,000

Est. payment - /mo

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10 BD

6 BA

6,556 SqFt

Active

5418 Franklin Ave Los Angeles, CA 90027

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Joshua Shorter

soldbyshorter@gmail.com +1(702) 728-0089

UPDATED:

11/01/2024 10:06 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,556 sqft

Price per Sqft $305

MLS Listing ID 24-454231

Style Traditional

Bedrooms 10

Construction Status Updated/Remodeled, Repair Cosmetic

Year Built 1923

Lot Size 10,593 Sqft

Acres 0.2432

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 Los Feliz

Zoning LAR3

Rooms

Other Rooms None

Kitchen Skylight(s), Tile Counters, Counter Top

Interior

Interior Features High Ceilings (9 Feet+), Open Floor Plan, Storage Space, Turnkey

Heating Baseboard

Cooling None

Flooring Hardwood, Wood, Tile, Mixed, Ceramic Tile

Equipment Garbage Disposal, Freezer, Refrigerator, Range/Oven, Gas Or Electric Dryer Hookup

Laundry None

Exterior

Parking Features Driveway, Covered Parking, Driveway Gate, Uncovered, Parking Space, Parking for Guests, On street, Driveway - Concrete, Controlled Entrance, Detached, Garage - 2 Car, Garage Is Detached

Garage Spaces 12.0

Pool None

Roof Type Composition

Building

Lot Description Yard, Fenced Yard, Front Yard, Lawn, Lot-Level/Flat, Single Lot, Walk Street, Street Lighting, Back Yard

Story 2

Sewer In Street

Architectural Style Traditional

Level or Stories Two

Construction Status Updated/Remodeled, Repair Cosmetic

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Sotheby's International Realty

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

Joshua Shorter

5418 Franklin Ave Los Angeles, CA 90027

Joshua Shorter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5418 Franklin Ave