5969 Franklin Avenue new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90028
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25196034
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
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 Hollywoods 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 yearsecure 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 Hollywoods thriving real estate scene. All units will be delivered vacant.
Location
State CA
County Los Angeles
Zoning Assessor
Interior
Heating Floor Furnace
Exterior
View Y/N No
Building
Story 2