Franklin Skyline Apartments 6543 Franklin Ave 27 Unit Apartment Building $8,975,000 ($332,407/Unit) 5.03% Cap Rate Hollywood, CA 90028

Arbor Realty Capital Advisors is pleased to offer the opportunity to acquire the Franklin Skyline Apartments. 6543 Franklin Avenue is a meticulously maintained 27-unit multifamily property in Hollywood, recognized globally as one of Los Angeles’ most dynamic and sought-after submarkets. Perfectly located in the heart of Hollywood, north of Hollywood Boulevard and west of Cahuenga Boulevard, the property gives way to unparalleled access to Los Angeles’ premier entertainment, nightlife, and cultural destinations.
This location is a “Walker’s Paradise” with a score of 96 out of 100. Residents enjoy proximity to the Hollywood Bowl, Sunset Boulevard, Runyon Canyon, public transit, and major employers in the media, tech, and entertainment sectors. The property is being made available for the first time by the family of the original developer. Built in 1990, this five (5) story, pride-of-ownership asset remains in pristine condition, with ±20,496 SF of improvements and sits on an 11,404 SF lot. This luxury building has an exceptional unit mix, including (22) One-Bedroom / One-Bath Units, (2) One-Bedroom / One-Bath Townhomes, (1) Two-Bedroom / One-Bath Penthouse and (2) Two-Bedroom / Two-Bath Penthouses. The penthouse units offer spectacular views and quality interior appointments, which further enhance the property's appeal. Most of the units have been thoughtfully renovated, featuring many high end features like stone counters, hardwood floors, designer tile, LED lighting, stainless steel appliances, custom cabinets, AC and large modern bathrooms. Some units have terraces with breathtaking views that stretch across all of Hollywood. In addition, residents enjoy secured lobby entry, three levels of assigned parking with 43 spaces, on-site laundry facilities, a tenant lounge, a sundeck, two BBQ areas and two large furnished common area courtyards.
This offering will appeal to any investor looking for a clean, turn-key property with consistent stable occupancy in a world renown Hollywood location.