Franklin Village

01-14-2022
01-15-2022

5666 -5672 Franklin Ave, Los Angeles, CA 90028

updated roof last 2 years

updated main electrical panel in 2021

exterior lighting with dusk/dawn controls

new metal/stone stairs, seamless gutters

pavers the entire back yard and drive way

all units with in unit laundry hook-ups and central air & heat

gated entrance with remote access

newer sewer line

Property Description

We are thrilled to present you this Franklin Village Stunner!!! Located in one of the most Prestige/Famous neighborhood of Hollywood with unparalleled access to nightlife, world class dining, education, employment opportunities and exciting entertainment options. Seller has spent thousands and thousands of $$'s on the upgrades. Features include updated roof last 2 years, updated main electrical panel in 2021, all new exterior lighting with dusk/dawn controls, new metal/stone stairs, seamless gutters, pavers the entire back yard and drive way, all units with in unit laundry hook-ups and central air & heat, gated entrance with remote access, brand new exterior paint throughout, recessed lighting, copper plumbing , newer sewer line and so much more. (Per unit breakdown) 5666 Franklin - 2 bed 1 bath with approx 1254 sqft of living space, updated kitchen and bath, electric fireplace, wood flooring, large walk in closet with built-ins, 5668 Franklin - 2 bed 1 bath approx 1254 sqft, updated kitchen with stainless steel appliances, updated bath, Nest thermostat, wood flooring, large walk in closet with built-ins, newer water heater, 5670 Franklin - 2 bed, 1 bath, approx 1254 sqft, updated kitchen with quartz countertops and stainless steel appliances, updated bath, Nest thermostat, large walk in closet with built-ins, newer water heater, 5672 Franklin - 2 bed, 1 bath, approx 1254 sqft, updated kitchen and bath, Nest thermostat, laminated flooring, large walk in closet with built-ins. Huge upside in rents with so much potential. Ideal for owner user (seller occupying one of the units and can be delivered vacant) or perfect property for an investor looking in one of the most famous neighborhoods.

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
2Bed 1Bath 1 1,254 $ 3,500
2Bed 1Bath 1 1,254 $ 2,700
2Bed 1Bath 1 1,254 $ 1,850
2Bed 1Bath 1 1,254 $ 1,750

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
2-4 Units
No. of Units
4
Average Occupancy
100%
Year Built
1920
Building Size
5,016 Sq ft
Lot Size
7,409 Sq ft
No. of Stories
2
No. of Parking Spots
8
Opportunity Zone
Off
Price per unit
$ 618,750

Financial Details

Income/Expense Info
Actual
Gross Income
$ 117,600
Operating Expenses
$ 7,200
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34.105155, -118.328192

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