5418 Franklin Avenue

Los Angeles , CA 90027

MLS#: 25589823

$1,875,000

Status: Active
Listing number: 25589823
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 8 hours ago
New on site 1 day ago
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Property

Beds

10

Full Baths

None

1/2 Baths

None

Year Built

1923

Sq.Footage

6,556

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.

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Garage, Tandem

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.2432

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,875,000

  • Sq. Footage

    6, 556

  • Price/SqFt

    $285

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Jason Tuvia , Marcus & Millichap

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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.

5418 Franklin Avenue

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