5528 Franklin Ave

Los Angeles CA 90028

6912 sq. ft.

9500 sq. ft.

Other

Last sold for $3,126,000

Eliza Kerndian, last sold this property on 20 July 2021 after -1 days on market.

Overview

Great income property located in Heart of Hollywood on the border of Los Feliz and Franklin Village. Remodeled 10 units, Consists of two side by side buildings, Two separate APN's,By far Area Lowest GRM of 13.6, Cap Rate 5.6, Gross income $233,388. Great Units mix of 7 X 2 bedroom 3 studios, Most units have front and rear access, private in unit laundry areas, and parking. Separately metered for gas and electric. Metro red line station one block away. Large 9,535 square foot lot with R3-1 zoning. 5520 & 5528 Franklin Ave APN 5544-004-021 & 5544-004-022 both included in the sale.

Features

6912 sq. ft. floor area

9500 sq. ft. lot size

Other

Estimated Value

Based on this property and similar other properties sold in Los Angeles over the last 12 months, the estimated median property value of 5528 Franklin Ave is $2.4m.

Median value

$2.4m

Estimated value range

$1.05m - $3.9m

Median days on market

Estimated value trend

71%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5528 Franklin Ave

2024

Rented

Undisclosed

18 Sep 2024 by Sync Brokerage, Inc.

2021

Sold

$3,126,000

20 Jul 2021 by Eliza Kerndian, of Keller Williams Realty Westside

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.