5015 Franklin Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
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 CRWS24023468
Bedrooms 5
HOA Y/N No
Year Built 1922
Lot Size 7,431 Sqft
Acres 0.17
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 Listing
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Closet
Exterior
Exterior Feature Other
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 5589014043