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    4325 Franklin Avenue

    Los Angeles (City), CA 90027
    • $5,915,000
    • STATUS: Closed
    • ON SITE: 303 days
    • MLS #: 19497376
    Sold - 12/19/2019
    $5,915,000
    SOLD - 12/19/2019
    • 26
      BEDS
    • 0.35
      ACRES
    • 17
      BATHS
    • 1
      1/2 BATHS
    • 13,384
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    KW Commercial is proud to present this exceptional multi-family property located in the heart of Los Angeles' Los Feliz Village, a highly desirable neighborhood for tenants seeking its eclectic and relaxed lifestyle - and the Village's renowned cuisine, cafe life, rustic bars and old movie theaters. Offered for sale for the first time in 35 years, this 17-unit property has significant add-value potential/upside on rents. Excellent Unit Mix (7 x 2 BR/1 BA; 9 x 1 BR/1 BA; 1 x 3 BR/1.5 BA). A rare acquisition for owners and investors. See private remarks for offer deadline.

    Sold by Mason Canter BRE#01797960 of Keller Williams Realty Los Feliz.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-06-06T09:45:04.813. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/97677201

    4325 Franklin Avenue Los Angeles (City), CA 90027

    • Price: $6,500,000
    • Status: Closed
    • Updated: 61 min ago
    • MLS #: 19497376
    26
    Beds
    17
    Baths
    1
    ½ Baths
    0.35
    Acres
    13,384
    SQFT
    $0
    $/SQFT
    1951
    Built
    Neighborhood:
    Los Feliz (C22)
    County:
    Los Angeles
    Area:
    Los Feliz (C22)
    Property Description
    KW Commercial is proud to present this exceptional multi-family property located in the heart of Los Angeles' Los Feliz Village, a highly desirable neighborhood for tenants seeking its eclectic and relaxed lifestyle - and the Village's renowned cuisine, cafe life, rustic bars and old movie theaters. Offered for sale for the first time in 35 years, this 17-unit property has significant add-value potential/upside on rents. Excellent Unit Mix (7 x 2 BR/1 BA; 9 x 1 BR/1 BA; 1 x 3 BR/1.5 BA). A rare acquisition for owners and investors. See private remarks for offer deadline.
    Exterior Features

    Parking Spaces Total 15 Parking Type AssignedGarageParking Space Roofing Flat Roof

    Interior Features

    Cooling Type Window Unit(S) Floor Material Carpet Heating Type Other Interior Features Other Laundry Locations CommunityLaundry Area Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.5 Unit Number Of Bed01 1 Unit Number Of Bed02 2 Unit Number Of Bed03 3

    Property Features

    Actual Annual Gross Rent 366330.00 Actual Gross Annual Income 375030.00 Adjusted Gross Income 375030.00 Assessed Improvement Value 599826.00 Assessed Land Value 401665.00 Cap Rate 3.50 Country United States Of America Expense Electric 1909.00 Expense Gardener 3000.00 Expense Gas 817.00 Expense Insurance 6577.00 Expense Maintenance 5780.00 Expense Manager 26228.00 Expense Pest 800.00 Expense Tax 81250.00 Expense Total Annual 136499.00 Expense Trash 3256.00 Expense Water 3886.00 Gross Operating Income 363778.00 Gross Rent Multiplier 17.33 Gross Scheduled Income 366330.00 Hoa YN N Laundry Income 1500.0 Legal Disclosures Take Property As IsRent Control Listing Terms CashCash To Existing LoanCash To New Loan Lot Size Source Landlord/Lessor/Seller Monthly Gross Income 31277.00 Net Operating Income 227279.00 Number Of Buildings 1 Other Income1 7200.0 Owner Pays GardenerWater Special Conditions Standard Sale Square Footage Source Seller Tenant Pays Cable TvElectricityGas Unit Monthly Rent01 13043.72 Unit Monthly Rent02 14283.76 Unit Monthly Rent03 3200.00 Unit Projected Total Monthly Rent01 19800.00 Unit Projected Total Monthly Rent02 19600.00 Unit Projected Total Monthly Rent03 3200.00 Unit Total Monthly Rent01 13043.72 Unit Total Monthly Rent02 14283.76 Unit Total Monthly Rent03 3200.00 Unit Type01 9 Unit Type02 7 Unit Type03 1 Units Total In Complex 17 Zoning Lar2

    Listing provided courtesy of Mason Canter DRE#01797960 of Keller Williams Realty Los Feliz.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-06-06T09:45:04.813. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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