7261 Franklin Ave - Apartments FOR SALE


Los Angeles, CA 90046- Hollywood Hills
$3,625,000 USD
310-993-7600
7261 Franklin Ave, Los Angeles, CA for Sale
$3,625,000 USD
Apartments - FOR SALE
1/12
null | 6.23% Cap Rate

7261 Franklin Ave
Los Angeles, CA 90046
Hollywood Hills


HIGHLIGHTS

  • Well-Maintained! | Major Systems Updated
  • Sold Individually or As a Portfolio
  • 1/2 Block to Runyon Canyon
  • Prime Hollywood - West of La Brea
  • Excellent Unit Mix of 1 and 2 Bedrooms

OVERVIEW

The Mohgarebi Group is pleased to present for sale “The Alamar”, a well-maintained 13-unit multifamily asset located in the heart of Hollywood. Situated at 7261 Franklin Avenue, just west of La Brea Boulevard, the property occupies a desirable pocket of Franklin Avenue within a short distance to dining, entertainment, and employment hubs. Its proximity to Runyon Canyon, major studios, and other submarkets makes it an attractive housing option for tenants. Constructed in 1956 of wood-frame and stucco construction, The Alamar consists of eight spacious one-bedroom/one-bath units, four two-bedroom/one-bath units, and two two-bedroom/two-bath units situated on a 9,437-square-foot lot. The property encompasses approximately 10,588 square feet of total improvements. The property has been well-maintained through substantial capital improvements. Major upgrades include new electric meters and subpanels (2009), concrete walkway and drainage improvements (2009), a complete copper re-pipe (2018), roof replacement (2022), exterior painting (2025), gates and fencing improvements (2009), and extensive interior renovations including remodeled kitchens and bathrooms in eight units, along with flooring upgrades in additional units.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

13

PRICE/UNIT

$278,846

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Alamar

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,189 SF

ZONING

LAR3

APN/PARCEL ID

5572-031-009

ASK ABOUT THIS PROPERTY

Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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