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4730 Franklin Ave 10 Unit Apartment Building $2,350,000 ($235,000/Unit) 5% Cap Rate Los Angeles, CA 90027
INVESTMENT HIGHLIGHTS
- Prime East Hollywood / Los Feliz Location
- Value-Add Potential
- Strong In-Place Income
- Highly Desirable Rental Submarket
EXECUTIVE SUMMARY
4730 Franklin Ave is a 10-unit multifamily property located in the East Hollywood / Los Feliz area, situated directly on Franklin Ave, north of Hollywood Blvd and south of Los Feliz Blvd, and in close proximity to Vermont Ave. The property consists of approximately 7,130 SF of building area on an 8,250 SF lot and currently generates approximately $190,716 in gross annual income.
The asset offers stable in-place cash flow with value-add potential through rent growth, unit upgrades, and improved operations, subject to local regulations. The surrounding area continues to experience residential redevelopment, supporting long-term rental demand and appreciation.
The property is conveniently located near neighborhood dining, retail, public transportation, and major thoroughfares with easy access to Silver Lake, Hollywood, Mid-Wilshire, and Downtown Los Angeles.
The asset offers stable in-place cash flow with value-add potential through rent growth, unit upgrades, and improved operations, subject to local regulations. The surrounding area continues to experience residential redevelopment, supporting long-term rental demand and appreciation.
The property is conveniently located near neighborhood dining, retail, public transportation, and major thoroughfares with easy access to Silver Lake, Hollywood, Mid-Wilshire, and Downtown Los Angeles.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$190,716
|
$19.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$190,716
|
$19.03
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $190,716 |
| Annual Per SF | $19.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $190,716 |
| Annual Per SF | $19.03 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $235,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5% | Building Size | 7,130 SF |
| Gross Rent Multiplier | 12.32 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $2,350,000 |
| Price Per Unit | $235,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.32 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,130 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 5589-028-009 | Improvements Assessment | $298,973 |
| Land Assessment | $166,228 | Total Assessment | $465,201 |
PROPERTY TAXES
Parcel Number
5589-028-009
Land Assessment
$166,228
Improvements Assessment
$298,973
Total Assessment
$465,201
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Presented by
Total Commercial, Inc.
4730 Franklin Ave
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