5969 Franklin Avenue new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90028
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,392 sqft
Price per Sqft $432
MLS Listing ID PW-25196034
Style Victorian
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
Area C20 - Hollywood
Zoning LAR3
Interior
Interior Features Crown Molding,Ceiling Fan(s),Built-In Features,Storage
Heating Floor Furnace
Flooring Vinyl,Wood
Fireplaces Type Gas
Laundry Inside
Exterior
Parking Features Garage - Single Door,Parking Space
Garage Spaces 3.0
Pool None
Community Features Sidewalks,Street Lights,Urban
Utilities Available Sewer Connected,Water Connected,Natural Gas Connected
View Y/N Yes
View City Lights
Building
Lot Description Front Yard
Sewer Public Sewer