The Alamar 7261 Franklin Ave 13 Unit Apartment Building $3,625,000 ($278,846/Unit) 6.23% Cap Rate Los Angeles, CA 90046

The Mohgarebi Group is pleased to present for sale “The Alamar”, a well-maintained 13-unit multifamily asset located in the heart of Hollywood. Situated at 7261 Franklin Avenue, just west of La Brea Boulevard, the property occupies a desirable pocket of Franklin Avenue within a short distance to dining, entertainment, and employment hubs. Its proximity to Runyon Canyon, major studios, and other submarkets makes it an attractive housing option for tenants.
Constructed in 1956 of wood-frame and stucco construction, The Alamar consists of eight spacious one-bedroom/one-bath units, four two-bedroom/one-bath units, and two two-bedroom/two-bath units situated on a 9,437-square-foot lot. The property encompasses approximately 10,588 square feet of total improvements.
The property has been well-maintained through substantial capital improvements. Major upgrades include new electric meters and subpanels (2009), concrete walkway and drainage improvements (2009), a complete copper re-pipe (2018), roof replacement (2022), exterior painting (2025), gates and fencing improvements (2009), and extensive interior renovations including remodeled kitchens and bathrooms in eight units, along with flooring upgrades in additional units.