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Trevor Smith

[email protected] +1(858) 539-9999

$ 1,500,000

Est. payment -/mo

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Price Dropped by $150K

5015 Franklin AVE Los Angeles, CA 90027

2,676 SqFt

UPDATED:

10/09/2024 06:44 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,676 sqft

Price per Sqft $560

MLS Listing ID WS24023468

HOA Y/N No

Year Built 1922

Lot Size 7,431 Sqft

Acres 0.1706

Property Description

We are pleased to present this great duplex in desirable neighborhood at East Hollywood. Situated at bottom of the Griffith Park and Franklin Hill, between Sunset Blvd and Los Feliz Blvd, the property has easy access to the 5 FWY and many local shops , restaurants and famous Hollywood landmarks, like the Griffith Observatory. The 2-story building has two separated units with separate meters and entrances. Upstair unit has a long-term tenant and downstair unit can be owner occupied or be rented to current market value. There is large backyard with a 2 -car garage which can easily be converted to ADU, and with lot of empty space in the backyard, it has potential to add another ADU. (Buyer to verified with the city). This makes the property has huge opportunity to be a 4-unit income generated investment. It is a perfect investment for both owner occupied or investors.The building is well-maintained, as the Seller put a new roof and installed a new water-heater for downstair unit in 2023. With some TLC , this property is a true value-add opportunity for any homeowner or investor.

Location

State CA

County Los Angeles

Area C30 - Hollywood Hills East

Zoning LAR2

Rooms

Ensuite Laundry Laundry Closet

Interior

Laundry Location Laundry Closet

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Laundry Laundry Closet

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5589014043

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by VIVIAN ZHU • Global Premium Realty • 626-224-1278

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

Trevor Smith

5015 Franklin AVE Los Angeles, CA 90027

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5015 Franklin AVE