Address
6551 Franklin Avenue Los Angeles, CA
Price
$ 1,285,000
Property Attributes
  • MLS#21707362
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSunset Strip - Hollywood Hills West
  • Zip90028
  • Style
  • Price$ 1,285,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size4,681 SqFt
Listing Provided Courtesy Of:
Dario Svidler with Compass.
Data Source:
CRMLS
Property Description

REDUCED! Presented for sale is a lovely Duplex with a great Development Opportunity in the Hollywood Hills that is ready to start entitlements. The 4,680 SF [Q]R4-1VL Tier 3 lot, is located on Franklin Ave., between Highland Ave. & Cahuenga Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown Los Angeles or anywhere in Los Angeles a breeze. Currently, the Front unit is a 3 bed + 2 bath house and the Back unit is a studio above a garage. At one time, the property was used as a Triplex. The Old Hollywood residence with a Granny Flat is surrounded by newer mid and high rise apartments. Walk Score rated this area a Walkers Paradise, so daily errands and other outings do not require a car. This lovely and rare house is a short 5 minute trek to the world famous Walk of Fame, where future residents can enjoy seeing all of the Hollywood commotion, access to the Metro Subway, enjoy fine-dining, fun nightlife and just about anything anyone could wish for. With all of the new developments coming to Hollywood, this area will always attract residents with good incomes. Legally one can build 7 units on this site, or take the TOC / Density Bonuses and build 14 units! The proximity to the Subway Station can help a future development with a lower parking ratio. The front house will be delivered vacant.

Price History
3/19/2021 Listed $1,400,000
4/29/2021 9% - $1,285,000

General Features

Co-Listing Agent State License # 01986816
Garage Spaces 2
Garage Y/N Yes
Listing Agent Dario Svidler - BRE#01884474
Listing Agent State License 01884474
MLS Area C03 - Sunset Strip - Hollywood Hills West
Property Type Residential Income
Special Listing Conditions Standard
Total Units 2
Zoning [Q]R4-1VL Tier 3

Exterior Features

Lot Size Acres 0.1
Lot Size Area 4681
Lot Size Square Feet 4681
Lot Size Units Square Feet
Number of Buildings 2
Total Parking 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90028

Price
AVG $4.11M
$1.29M
Visits
AVG 106
62
Year Built
AVG 1941
1919
Walkscore
AVG 91
95
Data Provided by Walkscore ® not using MLS data

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