$ 2,000,000
5418 Franklin Avenue Los Angeles, CA 90027
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$ 2,000,000
Est. payment | /mo
6,556 SqFt
$ 2,000,000
Est. payment | /mo
6,556 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,556 sqft
Price per Sqft $305
MLS Listing ID CL24454231
HOA Y/N No
Year Built 1923
Lot Size 10,593 Sqft
Acres 0.24
Property Description
Unique opportunity to purchase 6 unit property in a high demand rental pocket. straddling the neighborhoods of Los Feliz and Hollywood. On a lot sized over 10,500 sq ft. there is tremendous value for long term potential. Main front unit is vacant and highlights numerous updates and preservation of character that shows off 1920's character, reflecting architecture of the era. Refinished hardwood flooring throughout and remodeled bathrooms make this available unit perfect for receiving the best quality rent. At the same time, it also lends itself perfectly for an owner/user to build equity by moving into a large, Turnkey space (3 beds/ 2 baths) that has the feel of Single-Family living. This available unit has the convenience of utility area and basement close to kitchen and back door. Front structure has 2 large units (appox. 2000 sq ft.) and detached building in back has 4 units featuring 1 bedroom/1 bath. Driveway has depth that runs the length of the lot, affording many different parking options. Paved flat area in back of second 2 story structure also allows for many uses, including parking, as well. Immediate access to Hollywood on one side and short distance to DTLA in opposite direction. This is an area that consistently has tenants looking to be close to city access; close
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Heating Baseboard
Cooling None
Flooring Tile, Wood
Fireplace No
Laundry No Hookups
Exterior
Utilities Available Other Water/Sewer
Building
Lot Description Other, Back Yard, Front Yard
Water Other
New Construction No
Others
Tax ID 5544006029
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michelle St. Clair • Sotheby's International Realty
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States