6700 Franklin Pl

11-18-2021
11-18-2021

6700 Franklin Pl, Los Angeles, CA 90028

  • 42 Units in Prime Hollywood Built in 1988- (5% + CPI Allowable Increases)
  • Excellent Unit Mix Consisting of Studios, 1 Bedrooms, and 2 Bedrooms
  • Jacuzzi and Rec Room on Top Floor (Could Potentially be Converted to a Unit)
  • First Time on Market in 20 Years
  • Secured Entrance, Elevator, 2 Floors of Gated Parking (65 Spaces), Central A/C, and Balconies
  • Significant Upside in Rents

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 19,500,000
No. of Units
42
Cap Rate
3.07%
GRM / GIM
18.54
Year Built
1988
Building Size
40,876 Sq ft
Lot Size
16,015 Sq ft
No. of Stories
5
APN
5547-002-033
No. of Parking Spots
65
Opportunity Zone
Off
Price per unit
$ 464,286
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34.104011, -118.336471

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