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5665 Franklin Ave
Los Angeles, CA 90028
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Prime Hollywood / Los Feliz adjacent location
- Desirable mix of (1) one-bedroom + one-bath unit, (3) two-bedroom + one-bath units, and (1) three-bedroom + one-and-a-half-bath unit
- Significant Upside In Rents- Approximately 100%
- Built in 1961 with approximately 5,286 square feet of rentable area on a 5,324-square-foot lot
- Huge Units Averaging Over 1,000 SF and Seismic Retrofit is Completed
- Walkable access to Franklin Village, Griffith Park, Hollywood Studios, restaurants, cafés, and neighborhood amenities
Executive Summary
The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 5665 Franklin Avenue, a 5-unit apartment community located in the vibrant and highly sought-after Hollywood submarket of Los Angeles. Built in 1961, the property offers approximately 5,286 square feet of rentable living area
on a 5,324-square-foot lot, delivering investors an exceptionally located asset in one of the city’s most enduring and high-demand rental pockets.
This boutique building features a practical and desirable unit mix supported by spacious layouts, abundant natural light, and the lasting structural quality characteristic of mid-century construction. These attributes contribute to strong tenant appeal, consistent occupancy, and operational stability,
while still presenting clear avenues for modernization and value-add improvements to further enhance long-term returns.
5665 Franklin Avenue enjoys a premier Hollywood location, nestled between Beachwood Canyon, Los Feliz, and the Hollywood Entertainment District. Residents benefit from immediate proximity to major employment centers including Netflix, Paramount Studios, Sunset Gower Studios, and the broader
Hollywood media and creative office hub. The property is surrounded by a diverse and expanding collection of restaurants, cafes, retail amenities, and neighborhood conveniences along Franklin Avenue and Hollywood Boulevard.
Connectivity remains a defining advantage, with the property situated near the US-101 Freeway and within close reach of multiple Metro stations, providing seamless access throughout Greater Los Angeles. The combination of transit accessibility, lifestyle amenities, and employment density continues to position Hollywood as one of the region’s most reliably strong rental markets.
on a 5,324-square-foot lot, delivering investors an exceptionally located asset in one of the city’s most enduring and high-demand rental pockets.
This boutique building features a practical and desirable unit mix supported by spacious layouts, abundant natural light, and the lasting structural quality characteristic of mid-century construction. These attributes contribute to strong tenant appeal, consistent occupancy, and operational stability,
while still presenting clear avenues for modernization and value-add improvements to further enhance long-term returns.
5665 Franklin Avenue enjoys a premier Hollywood location, nestled between Beachwood Canyon, Los Feliz, and the Hollywood Entertainment District. Residents benefit from immediate proximity to major employment centers including Netflix, Paramount Studios, Sunset Gower Studios, and the broader
Hollywood media and creative office hub. The property is surrounded by a diverse and expanding collection of restaurants, cafes, retail amenities, and neighborhood conveniences along Franklin Avenue and Hollywood Boulevard.
Connectivity remains a defining advantage, with the property situated near the US-101 Freeway and within close reach of multiple Metro stations, providing seamless access throughout Greater Los Angeles. The combination of transit accessibility, lifestyle amenities, and employment density continues to position Hollywood as one of the region’s most reliably strong rental markets.
Property Facts
| Price Per Unit | $219,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.65% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 13.51 | Building Size | 5,286 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Zoning | LAR1 | ||
| Price Per Unit | $219,000 |
| Sale Type | Investment |
| Cap Rate | 3.65% |
| Gross Rent Multiplier | 13.51 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 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 |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
| 3+1.5 | 2 | - | - |
Property Taxes
| Parcel Number | 5587-019-003 | Improvements Assessment | $1,020,000 |
| Land Assessment | $1,193,400 | Total Assessment | $2,213,400 |
Property Taxes
Parcel Number
5587-019-003
Land Assessment
$1,193,400
Improvements Assessment
$1,020,000
Total Assessment
$2,213,400
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