8
See all 8 photos
$1,875,000
Est. payment /mo
10 Beds
8 Baths
6,556 SqFt
New
5418 Franklin AVE Los Angeles, CA 90027
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,556 sqft
Price per Sqft $285
MLS Listing ID 25589823
Bedrooms 10
HOA Y/N No
Year Built 1923
Lot Size 10,593 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Garage, Tandem
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5544006029
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap
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