6857 Franklin Ave 27 Unit Apartment Building $4,750,000 ($175,926/Unit) 8.23% Cap Rate Los Angeles, CA 90028

6857 Franklin Avenue presents an exceptional opportunity to acquire a semi-vacant multifamily asset located steps from the heart of Hollywood. Positioned just moments from the Hollywood Walk of Fame, world-renowned entertainment venues, restaurants, nightlife, and numerous cultural landmarks, the property offers an irreplaceable core Hollywood location with unmatched accessibility and visibility.
The asset provides immediate upside through lease-up of the remaining vacant units, allowing investors to stabilize the property quickly and capture strong market rents in one of Los Angeles’ most iconic and supply-constrained rental corridors. Additional value can be unlocked through modernization, operational improvements, and revenue optimization strategies.
A significant advantage of this offering is the potential to construct 4–5 Accessory Dwelling Units (ADUs) by converting existing underutilized spaces, providing substantial long-term value creation and enhancing the overall return profile of the investment.
With its central Hollywood address, redevelopment potential, and multiple avenues for forced appreciation, this property represents a rare and compelling opportunity for investors seeking both near-term upside and long-term growth in one of the strongest rental markets in Los Angeles.