Paul Jesman - Commercial Real Estate Showcase

Paul Jesman Property Listings
Edward Jesman Realty
2140-2140 Westwood Blvd
Los Angeles, CA 90025-6331

5520 Franklin Avenue

Los Angeles, CA 90028 - Hollywood MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1921
Stories:2 Building Size:3,456 SF Land Area:.11 AC (4,792 SF)
For Sale Price:$2,300,000 Price/Unit:$575,000.00 Cap Rate:4.46 % GRM:15.49


Completed in 1921, this approximately 3,456 SF fourplex is located near the intersection of Franklin Avenue and Western Avenue. The property features four (4) 1B 1 BA units. There are built-in floor furnace, garbage disposal unit plus shingle roof for the building.

Sale Notes:
9 unit property in Hollywood on the border of Los Feliz and Franklin Village. Consists of two side by side buildings on two separate APN's / Lots. Good location and tons of upside on below market rents. Units have front and rear access, private in unit laundry, and parking. Separately metered for gas and electric. Several large scale developments in progress one block south. Metro red line station one block away. Property passed housing department SCEP inspection in January. Large 9,535 square foot lot with R3-1 zoning. 1 vacancy.

Edward Jesman Realty
Paul Jesman
(310) 234-9900

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