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
Est. payment /mo
10 Beds
6 Baths
6,556 SqFt
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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

Garage 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


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TheMLS (CLAW)
Listed by Sotheby's International Realty

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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