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    5528 Franklin Avenue

    Los Angeles (City), CA 90028
    • $3,195,000
    • STATUS: Active Under Contract
    • ON SITE: 87 days
    • ID#: 20551728
    Under Contract
    UPDATED: 55 min ago
    $3,195,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,912
      SQFT
    • $462
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-05-16T07:32:43.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/114291412
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    5528 Franklin Avenue Los Angeles (City), CA 90028

    • Price: $3,195,000
    • Status: Active Under Contract
    • Updated: 55 min ago
    • ID#: 20551728
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,912
    SQFT
    $462
    $/SQFT
    1921
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - 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

    Parking Features Assigned

    Interior Features

    Appliances DishwasherDisposal Cooling Wall/Window Unit(S) Cooling YN Yes Flooring LaminateTile

    Property Features

    Additional Parcels YN Yes Gross Income 233388 Insurance Expense 5000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 181388 New Taxes Expense 34000 Senior Community YN No Special Listing Conditions Standard Trash Expense 3600 Vacancy Allowance Rate 3 Zoning Lar3

    Listing provided courtesy of Eliza Kerndian of Keller Williams Realty Westside


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T07:32:43.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    The Bhagat Group
    22939 Hawthorne Blvd, Suite 203
    Torrance CA, 90505