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6061 Franklin Avenue

Los Angeles (City), CA 90028
  • $3,700,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: 22145383
UPDATED: 46 min ago
$3,700,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)


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 California Regional Multiple Listing Service, Inc. as of 2022-08-12T22:32:00.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/127600798
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6061 Franklin Avenue Los Angeles (City), CA 90028

  • Price: $3,700,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 46 min ago
  • ID#: 22145383
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1954
Built
Neighborhood:
C30 - Hollywood Hills East
County:
Los Angeles
Area:
C30 - 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

Entry Location Ground Level W/Steps Parking Features Controlled EntranceCoveredDrivewayGatedUncovered Parking Total 8 Pool Features None Pool Private YN No Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Built-InOvenRangeRefrigeratorDryerWasher Flooring Wood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Community Features Gated Gross Income 264327 Land Lease YN No Levels Three Or More Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 185266 New Construction YN No Property Condition Updated/Remodeled Security Features Security GateGated Community24 Hour Security Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T22:32:00.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)