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5667 Franklin Ave 7 Unit Apartment Building $1,675,000 ($239,286/Unit) 5.75% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- Prime Franklin Park location
- Many upgrades to systems
EXECUTIVE SUMMARY
Location! Location! Location! Prime Investment Property in Prime Hollywood Grove area. Property boast 6 Large 1 bedroom and and a 3 Bedroom in the back. Many of the units have fully updated over the years. Electric has been fully upgraded. Aprox 20% upside on current rents. Professionally Managed. Near all og Hollywood, Griffith Observatory, the 101 FWY, Franklin boutique shopping and More. Please call listing agent for more details. Please do not disturb tenants
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$147,031
|
$20.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,031
|
$20.42
|
| Taxes |
$20,937
|
$2.91
|
| Operating Expenses |
$29,822
|
$4.14
|
| Total Expenses |
$50,759
|
$7.05
|
| Net Operating Income |
$96,272
|
$13.37
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $147,031 |
| Annual Per SF | $20.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,031 |
| Annual Per SF | $20.42 |
| Taxes | |
|---|---|
| Annual | $20,937 |
| Annual Per SF | $2.91 |
| Operating Expenses | |
|---|---|
| Annual | $29,822 |
| Annual Per SF | $4.14 |
| Total Expenses | |
|---|---|
| Annual | $50,759 |
| Annual Per SF | $7.05 |
| Net Operating Income | |
|---|---|
| Annual | $96,272 |
| Annual Per SF | $13.37 |
PROPERTY FACTS
| Price | $1,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $239,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.75% | Building Size | 7,200 SF |
| Gross Rent Multiplier | 11.4 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1919 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Zoning | LAR1 | ||
| Price | $1,675,000 |
| Price Per Unit | $239,286 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1919 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | LAR1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $1,826 | - |
| 1+1 | 6 | $10,425 | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5587-019-002 | Total Assessment | $1,980,042 |
| Land Assessment | $892,413 | Annual Taxes | $20,937 ($2.91/SF) |
| Improvements Assessment | $1,087,629 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5587-019-002
Land Assessment
$892,413
Improvements Assessment
$1,087,629
Total Assessment
$1,980,042
Annual Taxes
$20,937 ($2.91/SF)
Tax Year
2025
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JRM Properties
5667 Franklin Ave
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