Los Angeles, CA 90028 6551 Franklin Avenue

6551 Franklin Avenue Los Angeles, CA - Image 16551 Franklin Avenue Los Angeles, CA - Image 26551 Franklin Avenue Los Angeles, CA - Image 3
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  • MLS# 21707362
  • 03/18/2021
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Presented By: Dario Svidler with Compass.
  • Beds • 2
  • Baths • 2
  • Garage • 2
  • Year Built • 1919

Home Details

Presented for sale is a lovely Duplex with a great Development Opportunity in the Hollywood Hills that is ready to start entitlements. The 4,680 SF [Q]R4-1VL Tier 3 lot, is located on Franklin Ave., between Highland Ave. & Cahuenga Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown Los Angeles or anywhere in Los Angeles a breeze. Currently, the Front unit is a 3 bed + 2 bath house and the Back unit is a studio above a garage. At one time, the property was used as a Triplex. The Old Hollywood residence with a Granny Flat is surrounded by newer mid and high rise apartments. Walk Score rated this area a Walkers Paradise, so daily errands and other outings do not require a car. This lovely and rare house is a short 5 minute trek to the world famous Walk of Fame, where future residents can enjoy seeing all of the Hollywood commotion, access to the Metro Subway, enjoy fine-dining, fun nightlife and just about anything anyone could wish for. With all of the new developments coming to Hollywood, this area will always attract residents with good incomes. Legally one can build 7 units on this site, or take the TOC / Density Bonuses and build 14 units! The proximity to the Subway Station can help a future development with a lower parking ratio. The front house will be delivered vacant.
Presented By: Dario Svidler with Compass.

General for 6551 Franklin Avenue

Garage Spaces2
Garage Y/NYes
MLS AreaC03 - Sunset Strip - Hollywood Hills West
Property TypeResidential Income
Senior Community Y/NNo
Total Units2
Zoning[Q]R4-1VL Tier 3

Exterior for 6551 Franklin Avenue

Lot Size Acres0.1
Lot Size Area4681
Lot Size Square Feet4681
Lot Size UnitsSquare Feet
Number of Buildings2
Total Parking2

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $1,400,000
MLS#21707362
List Date 03/18/2021
Property Type Income
Phone 310.658.1749
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