$ 1,875,000
-
$1,875,000
Price -
10
Bed -
8
Bath -
6,556
SqFt
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About the Listing X75151 - X92444
This prime Los Feliz property, located adjacent to Hollywood Hills, offers a strong unit mix of two massive, townhouse-style three-bedroom units and four one-bedroom units. Three units will be delivered vacant, presenting immediate value-add or redevelopment potential. The front duplex features new electrical, plumbing, and roof, while the rear fourplex also has a new roof and updated plumbing. Situated on a large 10,590 SF lot with Tier 3 TOC incentives, the property includes one garage and six open parking spaces ideal for potential ADU conversion under SB1211. With eligibility for redevelopment through the CHIP Ordinance to build 50+ units or 70+ units through ED1, the land is very well priced at $177.05 per square foot. This is a rare opportunity for both short-term cash flow and long-term development upside in one of LA's most desirable neighborhoods. With three units delivered vacant and a large LAR3 lot with Tier 3 TOC incentives, this property offers immediate income potential alongside exceptional redevelopment opportunities through CHIP, ED1, or ADU conversion in a prime Los Feliz location.
Listing Highlights for 5418 Franklin Ave
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
25589823
Year Built
1923
Total Square Footage
6,556
Lot/Acreage
0.24
County
Los Angeles
Area
Los Feliz
Interior Details
- Bedrooms: 10
- Bathrooms: 8 Full
- Appliances: Other
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR3
- Roof:
- Others:
- Sewer:
- Parking Features: Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5544-006-029
- Tax Year: N/A
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Listing Location
Questions About..
5418 Franklin Ave Los Angeles, CA 90027
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