5424 Franklin Ave - Apartments FOR SALE
Los Angeles, CA 90027 |
5424 Franklin Ave
Los Angeles, CA 90027
HIGHLIGHTS
- 20 Units in Hollywood adjacent to Los Feliz w/ Approx. 25% Rental upside and 10.6 GRM
- About 1 Mile from the Heart of Los Feliz (Franklin Ave), Vermont Ave, Griffith Park trails and The Greek Theatre
- Currently offered at $175,000 per unit and $177 per square foot with 5.5% CAP RATE
- Recent capital improvements include: new roof, new paint, some new flooring, new plumbing, some electrical updates and more.
- Investors with a long-term lens will see the location and upside as an ideal canvas for repositioning in a great neighborhood
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
12636
STORIES
2
YEAR BUILT
1925
PARKING SPACES
13
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5544-006-044
