6543 Franklin Ave - Apartments FOR SALE


Hollywood, CA 90028
$9,200,000 USD
323-515-8302
6543 Franklin Ave, Hollywood, CA for Sale
$9,200,000 USD
Apartments - FOR SALE
1/21
null | 4.91% Cap Rate

6543 Franklin Ave
Hollywood, CA 90028


HIGHLIGHTS

  • Prime Hollywood Location – Walking distance to nightlife, dining, and cultural landmarks
  • Strong Walk Score (96/100) – Highly desirable pedestrian friendly environment
  • Diverse Unit Mix – Luxury 1-bedroom, townhome, and penthouse floor plans with views
  • Turn-Key Asset – Meticulously maintained, with extensive renovations and upgrades
  • Secure Parking & Amenities – 43 spaces, sundeck, BBQ areas, tenant lounge, and courtyards
  • High-Demand Submarket – Close to Hollywood Bowl, Runyon Canyon, and major employers

OVERVIEW

Arbor Realty Capital Advisors is pleased to offer the opportunity to acquire the Franklin Skyline Apartments. 6543 Franklin Avenue is a meticulously maintained 27-unit multifamily property in Hollywood, recognized globally as one of Los Angeles’ most dynamic and sought-after submarkets. Perfectly located in the heart of Hollywood, north of Hollywood Boulevard and west of Cahuenga Boulevard, the property gives way to unparalleled access to Los Angeles’ premier entertainment, nightlife, and cultural destinations. This location is a “Walker’s Paradise” with a score of 96 out of 100. Residents enjoy proximity to the Hollywood Bowl, Sunset Boulevard, Runyon Canyon, public transit, and major employers in the media, tech, and entertainment sectors. The property is being made available for the first time by the family of the original developer. Built in 1990, this five (5) story, pride-of-ownership asset remains in pristine condition, with ±20,496 SF of improvements and sits on an 11,404 SF lot. This luxury building has an exceptional unit mix, including (22) One-Bedroom / One-Bath Units, (2) One-Bedroom / One-Bath Townhomes, (1) Two-Bedroom / One-Bath Penthouse and (2) Two-Bedroom / Two-Bath Penthouses. The penthouse units offer spectacular views and quality interior appointments, which further enhance the property's appeal. Most of the units have been thoughtfully renovated, featuring many high end features like stone counters, hardwood floors, designer tile, LED lighting, stainless steel appliances, custom cabinets, AC and large modern bathrooms. Some units have terraces with breathtaking views that stretch across all of Hollywood. In addition, residents enjoy secured lobby entry, three levels of assigned parking with 43 spaces, on-site laundry facilities, a tenant lounge, a sundeck, two BBQ areas and two large furnished common area courtyards. This offering will appeal to any investor looking for a clean, turn-key property with consistent stable occupancy in a world renown Hollywood location.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

27

PRICE/UNIT

$340,741

CAP RATE

4.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franklin Skyline Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1990

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R4-2/R4-4, L.A.

APN/PARCEL ID

5575-005-040

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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