5424 Franklin Avenue

Los Angeles CA 90027

11439 sq. ft.

Multi-Family

Last sold for $2,900,000

Tamas Batyi, last sold this property on 16 June 2026 after 94 days on market.

Overview

Iconic Hollywood property, The Navarre Apartment community, a rare investment opportunity featuring a 20 unit, two story building with a unit mix of 16 studios and 4 one bedroom/one bath units. Built in 1925, this charming historic residential building retains original fixtures and timeless architectural style, with features such as crown molding, classic details, and original hardwood floors in select units. A true Hollywood survivor that celebrated 100 years in 2025, the property offers well kept units full of character. The building operates at an attractive 5.5% cap rate and includes community laundry facilities, on-site first come first serve parking spaces (13), and individual electric and gas meters. Located in a high demand Hollywood rental market, it presents an ideal opportunity for investors seeking stable income in a classic Los Angeles asset. Location Highlights: Just minutes from Hollywood and the natural beauty of Griffith Park, nearby Los Feliz blends classic Los Angeles charm with a vibrant creative culture. Known for its tree lined streets, historic architecture, and walkable corridors along Vermont and Hillhurst Avenues, the neighborhood attracts artists, filmmakers, and longtime residents alike. With easy access to Griffith Park, local cafs, shops, and major freeways, it offers a rare balance of urban energy, history, and community.

Features

1 bedroom

2 bathrooms

11439 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 1 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 5424 Franklin Avenue

2026

Sold

$2,900,000

16 Jun 2026 by Tamas Batyi, of Compass

Happy sellers in Los Angeles

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