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… Read More 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. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
158
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,132
Lot Size
0.15 Acres
Year Built
1954
MLS Number
24-466895
30 Days Snapshot Of 90028
$807k
+28%
(avg) sold price
5
+400%
homes sold
89
+122%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-Ins, Range/Oven, Dryer, Washer
Building
6,132 sq ft, Built in 1954, Levels: Multi/Split, Attached
Cooling
Air Conditioning
Disclosures
As Is
Exterior Features
Enclosed, Porch - Front
Floors
Wood
Garage
Gated, Door Opener, Uncovered, Covered Parking
Heating
Wall
Laundry
Laundry Area
Lot
LotAcreage: 0.1461, LotSizeArea: 6,364, Single Lot, Landscaped, City
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