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6061 Franklin Ave

Los Angeles, CA 90028
  • $3,700,000
  • STATUS: Active
  • ON SITE: 119 Days
  • ID#: 22-145383
UPDATED: 18 min ago
$3,700,000
  • 12
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,306
    SQFT
  • $697
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

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 streamline unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with five (5) smaller, five (5) that are large, and two (2) large front units that boast a private patio in the front of the building. Five (5) units will be delivered vacant. 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) covered parking spaces available. There is an additional large storage unit with potential to convert to an ADU unit. 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 for immediate lease-up.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-09T13:43:07.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/127599475
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6061 Franklin Ave Los Angeles, CA 90028

  • Price: $3,700,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 18 min ago
  • ID#: 22-145383
12
Beds
0
Baths
0
½ Baths
0.15
Acres
5,306
SQFT
$697
$/SQFT
1954
Built
Neighborhood:
Hollywood Hills East
County:
Los Angeles
Area:
Hollywood Hills East
Property Description
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 streamline unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with five (5) smaller, five (5) that are large, and two (2) large front units that boast a private patio in the front of the building. Five (5) units will be delivered vacant. 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) covered parking spaces available. There is an additional large storage unit with potential to convert to an ADU unit. 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 for immediate lease-up.
Exterior Features

Covered Parking 2 Cross Streets Franklin Ave & N Beachwood Dr Entry Location Ground Level W/Steps Levels Three Or More Lot Description FencedSingle LotAutomatic GateStreet Paved Lot Location City Lot Size Area 6362 Other Structures Other Parking Garage Controlled EntranceDrivewayCovered ParkingUncoveredGated Patio Features EnclosedBalconyPorch - Front Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 8 View Description City View YN Yes

Interior Features

Bathroom Features Shower Over TubRemodeled Baths Total 12.00 Common Walls Attached Cooking Appliances Built-InsOvenRange Cooling Air Conditioning Den No Dining Room No Equipment Built-InsDryerWasherRefrigeratorRange/Oven Family Room No Flooring Wood Heating Wall Kitchen Features Counter TopRemodeled Laundry Laundry Area Laundry Equipment Own Rooms Patio Enclosed

Property Features

Assessed Total Value 3581688 Gross Income 264327 Gross Operating Income 256397 Land Lease Type Fee Like Units1 5 Like Units2 5 Like Units3 2 Net Operating Income 185266.00 Number Of Buildings 1 Number Of Units 12 Property Condition Updated/Remodeled Sale Type Standard Security Features Automatic GateGated24 Hour Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 71131 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-09T13:43:07.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064