5424 Franklin Ave - Apartments FOR SALE


Los Angeles, CA 90027- Los Feliz
$3,500,000 USD
323-236-6450
5424 Franklin Ave, Los Angeles, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/21
null | 5.43% Cap Rate

5424 Franklin Ave
Los Angeles, CA 90027
Los Feliz


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

OVERVIEW

Iconic Hollywood property, The Navarre Apartment community, a rare investment opportunity featuring a 20 unit, two story building with a unit mix of 16 studios and 4 one bedroom/one bath units. Built in 1925, this charming historic residential building retains original fixtures and timeless architectural style, with features such as crown molding, classic details, and original hardwood floors in select units. A true Hollywood survivor that celebrated 100 years in 2025, the property offers well kept units full of character. The building operates at an attractive 5.5% cap rate and includes community laundry facilities, on-site first come first serve parking spaces, and individual electric and gas meters. Located in a high demand Hollywood rental market, it presents an ideal opportunity for investors seeking stable income in a classic Los Angeles asset. Location Highlights: Just minutes from Hollywood and the natural beauty of Griffith Park, nearby Los Feliz blends classic Los Angeles charm with a vibrant creative culture. Known for its tree lined streets, historic architecture, and walkable corridors along Vermont and Hillhurst Avenues, the neighborhood attracts artists, filmmakers, and longtime residents alike. With easy access to Griffith Park, local cafés, shops, and major freeways, it offers a rare balance of urban energy, history, and community.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

20

PRICE/UNIT

$175,000

CAP RATE

5.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,631 SF

ZONING

LAR3

APN/PARCEL ID

5544-006-044

ASK ABOUT THIS PROPERTY

Tamas BatyiCompassMore Info
323-236-6450

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Tamas BatyiCompassMore Info
323-236-6450

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.