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5424 Franklin Ave
Los Angeles, CA 90027 Los Feliz

$3,500,000 USD

Apartments For Sale  •  15,116 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,636 SF
  • Lot Size 0.27 AC
  • Building Class C
  • Year Built 1925
  • Cap Rate 5.43 %
  • Zoning LAR3
64 Transit Score
85 Walk Score

Highlights

20 Units in Hollywood adjacent to Los Feliz w/ Approx. 25% Rental upside and 10.6 GRM
About 1 Mile from the Heart of Los Feliz (Franklin Ave), Vermont Ave, Griffith Park trails and The Greek Theatre
Currently offered at $175,000 per unit and $177 per square foot with 5.5% CAP RATE
Recent capital improvements include: new roof, new paint, some new flooring, new plumbing, some electrical updates and more.
Investors with a long-term lens will see the location and upside as an ideal canvas for repositioning in a great neighborhood

Property Flyers

Financial Summary (Actual)

Net Operating Income: $190,138 USD (2025)
Cap Rate: 5.43 %
Total Expenses: $129,974 USD

Amenities

  • Gated
  • Heating
  • Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 4.1 mi
12 min - 6.2 mi
Transit/SubwayDriveWalkDistance
Hollywood/Western Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.3 mi
AirportDriveWalkDistance
Bob Hope 18 min - 9.4 mi
Los Angeles International 32 min - 15.9 mi
Long Beach (Daugherty Field) 40 min - 28.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Covered
Included in Rent: Yes
Tamas Batyi 323-236-6450 Compass
Tamas Batyi 323-236-6450 Compass