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5665 Franklin Ave 5 Unit Apartment Building $1,500,000 ($300,000/Unit) 3% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- Excellent Location
EXECUTIVE SUMMARY
Probate sale, no court confirmation required. Los Felix/Hollywood Area, Investment Opportunity: This 5,286 sq. ft. 5- Unit multifamily property offers an unbeatable location. Very nice synergy. Built in 1961.This building features: One 3 bedroom 2 bathroom owners unit, three spacious 2-bedroom units and one 1-bedroom unit—ideal for long-term tenants or value-add investors. Residents enjoy walkable access to trendy coffee shops, restaurants, nightlife, and retail shops. The property is close to major attractions including the Hollywood Walk of Fame, Griffith Observatory, Sunset Strip, Melrose, and the LA Film School. Convenient access to the 101 Freeway and Metro Rail makes commuting a breeze, while the surrounding neighborhood offers a vibrant mix of local culture and charm. Whether you're looking to grow your portfolio or secure a solid income-producing asset, this rare Hollywood gem delivers on location and lifestyle.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$72,268
|
$13.67
|
| Other Income |
$200
|
$0.04
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,468
|
$13.71
|
| Taxes |
$27,000
|
$5.11
|
| Operating Expenses |
$13,000
|
$2.46
|
| Total Expenses |
$40,000
|
$7.57
|
| Net Operating Income |
$32,468
|
$6.14
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $72,268 |
| Annual Per SF | $13.67 |
| Other Income | |
|---|---|
| Annual | $200 |
| Annual Per SF | $0.04 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,468 |
| Annual Per SF | $13.71 |
| Taxes | |
|---|---|
| Annual | $27,000 |
| Annual Per SF | $5.11 |
| Operating Expenses | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $2.46 |
| Total Expenses | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $7.57 |
| Net Operating Income | |
|---|---|
| Annual | $32,468 |
| Annual Per SF | $6.14 |
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $300,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3% | Lot Size | 0.19 AC |
| Sale Condition | Distress Sale | Building Size | 5,286 SF |
| Gross Rent Multiplier | 2.93 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Zoning | LAR1 | ||
| Price | $1,500,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 3% |
| Sale Condition | Distress Sale |
| Gross Rent Multiplier | 2.93 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,286 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | LAR1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,285 | - |
| 3+2 | 1 | $1,308 | - |
| 1+1 | 1 | $1,209 | - |
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5587-019-003 | Total Assessment | $2,213,400 (2025) |
| Land Assessment | $1,193,400 (2025) | Annual Taxes | $27,000 ($5.11/SF) |
| Improvements Assessment | $1,020,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5587-019-003
Land Assessment
$1,193,400 (2025)
Improvements Assessment
$1,020,000 (2025)
Total Assessment
$2,213,400 (2025)
Annual Taxes
$27,000 ($5.11/SF)
Tax Year
2024
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KRISTY LITTLE, BROKER
5665 Franklin Ave
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