5969 Franklin AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90028
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25196034
Year Built 1916
Lot Size 7,501 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
Heating Floor Furnace
Cooling None
Flooring Vinyl,Wood
Fireplaces Type Gas
Laundry Inside
Exterior
Parking Features Door-Single,Garage,One Space
Garage Spaces 3.0
Garage Description 3.0
Fence Chain Link,Wood
Pool None
Community Features Street Lights,Sidewalks,Urban
Utilities Available Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
View City Lights
Roof Type Flat,Shingle
Building
Lot Description Front Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard,Trust