Los Angeles, CA 90027 5015 Franklin Avenue
$1,650,000
7 more
Presented By: VIVIAN ZHU with Global Premium Realty; 626-224-1278
Beds • 5
Baths • 2
SQFT • 2,676
Garage • 2
Home Details
We are pleased to present this great duplex in desirable neighborhood at East Hollywood. Situated at bottom of the Griffith Park and Franklin Hill, between Sunset Blvd and Los Feliz Blvd, the property has easy access to the 5 FWY and many local shops , restaurants and famous Hollywood landmarks, like the Griffith Observatory. The 2-story building has two separated units with separate meters and entrances. Upstair unit has a long-term tenant and downstair unit can be owner occupied or be rented to current market value. There is large backyard with a 2 -car garage which can easily be converted to ADU, and with lot of empty space in the backyard, it has potential to add another ADU. (Buyer to verified with the city). This makes the property has huge opportunity to be a 4-unit income generated investment. It is a perfect investment for both owner occupied or investors.The building is well-maintained, as the Seller put a new roof and installed a new water-heater for downstair unit in 2023. With some TLC , this property is a true value-add opportunity for any homeowner or investor.
Presented By: VIVIAN ZHU with Global Premium Realty; 626-224-1278
Interior Features for 5015 Franklin Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesLaundryCloset
Total Stories2
Other Rooms
Entry Level1
General for 5015 Franklin Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Urban
CoolingCentralAir
CountyLos Angeles
Days on Market111
DirectionsLos Feliz go west, turn south on Hillhurst, west on Franklin
Entry Location1
Expected Active Date 2024-02-09
Garage Spaces2.0
Garage Y/NYes
Gross Income27000.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense2157.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7431.0
Lot Size UnitsSquareFeet
MLS AreaC30 - Hollywood Hills East
MobileHomeRemainsYNNo
Net Operating Income51170.0
New ConstructionNo
NumberOfUnitsTotal2
Operating Expense20830.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot75
Taxes$19,800
Tenant PaysCableTV, Electricity, Gas, Telephone
TermsItem1031Exchange
Trash Expense360.0
UtilitiesElectricityConnected, NaturalGasConnected, WaterConnected
View Y/NNo
Water Sewer Expense720.0
Waterfront Y/NNo
Year Built1922
Year Built SourceAssessor
ZoningLAR2
Exterior for 5015 Franklin Avenue
Building Area Total2676.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1706
Lot Size Area7431.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking2.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480