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    5528 Franklin Ave

    Los Angeles, CA 90028
    • $3,195,000
    • STATUS: Active Under Contract
    • ON SITE: 85 days
    • MLS #: 20-551728
    Under Contract
    UPDATED: 9 min ago
    $3,195,000
    • 17
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,912
      SQFT
    • $462
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Description

    Great income property located in Heart of Hollywood on the border of Los Feliz and Franklin Village. Remodeled 10 units, Consists of two side by side buildings, Two separate APN's,By far Area Lowest GRM of 13.6, Cap Rate 5.6, Gross income $233,388. Great Units mix of 7 X 2 bedroom 3 studios, Most units have front and rear access, private in unit laundry areas, and parking. Separately metered for gas and electric. Metro red line station one block away. Large 9,535 square foot lot with R3-1 zoning. 5520 & 5528 Franklin Ave APN 5544-004-021 & 5544-004-022 both included in the sale.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-14T14:43:20.5. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/114290077
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    5528 Franklin Ave Los Angeles, CA 90028

    • Price: $3,195,000
    • Status: Active Under Contract
    • Updated: 9 min ago
    • MLS #: 20-551728
    17
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,912
    SQFT
    $462
    $/SQFT
    1921
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Great income property located in Heart of Hollywood on the border of Los Feliz and Franklin Village. Remodeled 10 units, Consists of two side by side buildings, Two separate APN's,By far Area Lowest GRM of 13.6, Cap Rate 5.6, Gross income $233,388. Great Units mix of 7 X 2 bedroom 3 studios, Most units have front and rear access, private in unit laundry areas, and parking. Separately metered for gas and electric. Metro red line station one block away. Large 9,535 square foot lot with R3-1 zoning. 5520 & 5528 Franklin Ave APN 5544-004-021 & 5544-004-022 both included in the sale.
    Exterior Features

    Lot Size Area 9500 Other Structures Other Parking Garage Assigned Total Parking 16

    Interior Features

    Baths Total 14.00 Cooling Wall/Window Equipment CableDishwasherDryerGas Dryer HookupGarbage DisposalGas Or Electric Dryer HookupRange/Oven Flooring MixedLaminateTile Heating Wall Gas

    Property Features

    Electric Expense 9600.00 Gross Income 233388 Gross Operating Income 233388 Insurance Expense 5000.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 181388.00 Number Of Buildings 2 Number Of Units 10 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 52000 Trash Expense 3600.00 Type Of Units income Water Heaters YN Yes Year Built Source Other Zoning Lar3

    Listing provided courtesy of Eliza Kerndian DRE#01398836 of Keller Williams Realty Westside.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-14T14:43:20.5. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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