6700 Franklin Pl | Los Angeles, CA 90028
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- LoopNet Team
6700 Franklin Pl
Los Angeles, CA 90028
Franklin Place · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- 42 Units in Prime Hollywood Built in 1988- (5% + CPI Allowable Increases)
- Excellent Unit Mix Consisting of Studios, 1 Bedrooms, and 2 Bedrooms
- Jacuzzi and Rec Room on Top Floor (Could Potentially be Converted to a Unit)
- First Time on Market in 20 Years
- Secured Entrance, Elevator, 2 Floors of Gated Parking (65 Spaces), Central A/C, and Balconies
- Significant Upside in Rents
PROPERTY FACTS
| No. Units | 42 | Building Size | 40,876 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1988 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | LAR4 | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 40,876 SF |
| Average Occupancy | 98% |
| No. Stories | 5 |
| Year Built | 1988 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | LAR4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Spa
- Recycling
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 600 - 625 |
| 1+1 | 27 | - | 700 - 756 |
| 2+2 | 11 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 5547-002-033 | Improvements Assessment | $12,681,435 |
| Land Assessment | $5,435,506 | Total Assessment | $18,116,941 |
PROPERTY TAXES
Parcel Number
5547-002-033
Land Assessment
$5,435,506
Improvements Assessment
$12,681,435
Total Assessment
$18,116,941
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