Bought with William Lenocker • eXp Realty of California Inc
$1,700,000
$1,900,000
10.5%For more information regarding the value of a property, please contact us for a free consultation.
5969 Franklin Avenue Los Angeles, CA 90028
4,392 SqFt
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,392 sqft
Price per Sqft $387
MLS Listing ID CRPW25196034
Year Built 1916
Lot Size 7,503 Sqft
Property Sub-Type Quadruplex
Property Description
Discover an exceptional investment opportunity in Hollywood, CA, just steps from vibrant Franklin Village! This 4,392-sq-ft, 4-unit property, features four spacious 2-bedroom, 1-bath units, all vacant and primed for customization and top of the market rents. It is situated a large lot for potential future expansion and/or parking. Nestled in one of Hollywood's most prestigious neighborhoods, it offers unparalleled access to world-class dining, trendy nightlife, top-tier schools, employment hubs, and iconic entertainment like the Hollywood Walk of Fame. The adjacent property, with the same footprint but configured as an 8-unit, sold for $1.95M earlier this year-secure city approval to transform this gem into an 8-unit powerhouse for maximum returns. Ideal for savvy investors seeking a buy-and-hold or redevelopment project, this property promises strong rental income in a high-demand market. With its prime location and untapped potential, this is a rare find in Hollywood's thriving real estate scene. All units will be delivered vacant.
Location
State CA
County Los Angeles
Interior
Heating Floor Furnace
Cooling No Air Conditioning
Flooring Vinyl, Wood
Laundry Inside
Exterior
View City Lights
Building
Lot Description Front Yard
Read Less
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