$1,625,000 USD
323-842-0445
5667 Franklin Ave
Los Angeles, CA 90028
Hollywood Hills
HIGHLIGHTS
- Prime Franklin Park location
- Many upgrades to systems
- Six one-bedroom units and a separate three-bedroom casita, many updated with modern finishes.
- Fully upgraded electrical system and other major system improvements over time.
- Approximately 20% rental upside from current rent roll, providing a clear value-add opportunity.
- Close to major attractions like Griffith Observatory and convenient access to the 101 Freeway.
OVERVIEW
$50,000 Price Reduction!!!Location! Location! Location! Prime Investment Property in Prime Hollywood Grove area. Property boast 6 Large 1 bedroom and and a 3 Bedroom in the back. Many of the units have fully updated over the years. Electric has been fully upgraded. Approx 20% upside on current rents. Professionally Managed. Near all of Hollywood, Griffith Observatory, the 101 FWY, Franklin boutique shopping and More. Please call listing agent for more details. Please do not disturb tenants
FOR SALE DETAILS
PRICE
$1,625,000 USD
PRICE/SF
$300 USD /SF
# OF UNITS
7
PRICE/UNIT
$232,143
CAP RATE
6.02%
% 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
1919
PARKING SPACES
3
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,119 SF
ZONING
LAR1
APN/PARCEL ID
5587-019-002
ASK ABOUT THIS PROPERTY
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323-842-0445
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323-842-0445
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