5528 Franklin Ave
Los Angeles, CA 90028
Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Building Size | 6,912 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1921 |
| Building Class | C | Parking Ratio | 5.21/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | R3-1 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,912 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 5.21/1,000 SF |
| Zoning | R3-1 |
Amenities
Unit Amenities
- Disposal
- Washer/Dryer Hookup
- Heating
- Hardwood Floors
- Refrigerator
- Wi-Fi
- Breakfast Nook
- Dining Room
Site Amenities
- Laundry Facilities
- Gated
- Wi-Fi
- Public Transportation
About 5528 FRANKLIN AVE , LOS ANGELES, CA 90028
The Eliza Kerndian Group of Keller Williams Commercial is pleased to present 5520 & 5528 Franklin Ave in Los Angeles, California. This 10-unit multifamily offering Two separate Building with two individual APN numbers, Great opportunity for a Developer or an investor to add value and choose their own tenants and rent amount, property will be delivered with 7 vacant units and 3 occupied units, RTI to convert 4 of the units to 2 bedroom, 5528 has six units 4 apartment plus 2 Guest rooms which will have two Apartment vacant and one Guest room Vacant, 5528 Franklin Is 4plex and entirely Vacant. The property is close by to Franklin Village Restaurant and shops, multiple huge new Developments close by such as Valero Gas station on corner of Western and Franklin turning to Brand new 89 units plus commercial, High demand area, close to Metro line and 101 Free way, With a pro forma 12.7 cap rate of 5.4 %, this asset offers a unique opportunity to re position and capture a significant upside in rents. Total Sqft of the building 6912 Sqft and lot Size 9535 R3 zone Tier 3. potential to build over +-25 units.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $2,700 | 860 |
| Studios | 4 | $1,550 | 250 - 500 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $997,534 | |
| Land Assessment | $2,319,800 | Total Assessment | $3,317,334 |
Property Taxes
