Active

6061 Franklin Ave

Los Angeles CA, 90028

$2,895,000


$472.11 per sqft

Active

12 Beds

12 Baths

6,132 sqft

Multi-family

Built in 1954

We are pleased to present a twelve (12) unit apartment building located at 6061 Franklin Avenue in Los Angeles, California. The subject property is positioned in a prime Greater Hollywood Hills location, north of Franklin Avenue and west of North Beachwood Drive. Built in 1954, this property contains a streamlined unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with six (6) smaller, four (4) that are large, and two (2) large front units that boast a private patio in the front of the building. The whole building was fully renovated in 2015, now features a quality aesthetic with wood deco throughout, completed a soft-story retrofit in 2021, is gated & secure with a recently re-tarred driveway, CCTV throughout the building, and an on-site laundry room. There are six (6) uncovered parking spaces and two (2) tuck-under parking spaces available. There is two (2) additional large storage units with potential to convert into multiple ADUs. Tenants will enjoy being within short walking distance to some of the best entertainment, retail, and restaurant amenities in Los Angeles. Some of the nearby amenities include the Hollywood Walk of Fame, Avalon Hollywood & Bardot, Gower Plaza Shopping Mall, Gelson's Grocery, TAO, Katsuya Hollywood, Wood & Vine, Scum and Villainy Cantina, The Bourbon Room, and many more. A short drive up North Beachwood Drive and residents can experience outdoor recreation hiking the Hollywood sign and enjoying the quaint, laid back community at Beachwood Canyon. Situated in a prime greater Hollywood Hills location, this offering presents an excellent opportunity for any investor to purchase a turn-key, quality aesthetic asset with an excellent starting cap rate.

24-466895

MLS ID

November 25, 2024

Listed

December 3, 2024

Updated

Map

6061 Franklin Ave
Los Angeles CA, 90028

Interior Features

Total Stories

3


Bedrooms

12


Total Bathrooms

12


Appliances

Built-Ins, Range/Oven, Dryer, Washer


Laundry Description

Laundry Area


Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

Single Lot, Landscaped

Other Property Details

Area Name

Hollywood Hills East


Days on Market

8


Garage

No


Parking

Gated, Door Opener, Uncovered, Covered Parking


Parking Total

8


View

Yes


View Description

City


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAR3

Listed by Jason Tuvia with Marcus & Millichap
Listing Contact: 818-448-4415 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Tom Wrigglesworth | CA DRE#: 02037620 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/3/2024

Powered byLuxury Presence