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    6551 Franklin Ave

    Los Angeles, CA 90028
    • $1,285,000
    • STATUS: Active
    • ON SITE: 54 days
    • MLS #: 21-707362
    Price Reduced
    UPDATED: 137 min ago
    $1,285,000
    • 3
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,966
      SQFT
    • $654
      $/SQFT
    Type:
    Multi-Family
    Built:
    1919
    County:

    School Ratings & Info

    Description

    REDUCED! Presented for sale is a lovely Duplex with a great Development Opportunity in the Hollywood Hills that is ready to start entitlements. The 4,680 SF [Q]R4-1VL Tier 3 lot, is located on Franklin Ave., between Highland Ave. & Cahuenga Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown Los Angeles or anywhere in Los Angeles a breeze. Currently, the Front unit is a 3 bed + 2 bath house and the Back unit is a studio above a garage. At one time, the property was used as a Triplex. The Old Hollywood residence with a Granny Flat is surrounded by newer mid and high rise apartments. Walk Score rated this area a Walkers Paradise, so daily errands and other outings do not require a car. This lovely and rare house is a short 5 minute trek to the world famous Walk of Fame, where future residents can enjoy seeing all of the Hollywood commotion, access to the Metro Subway, enjoy fine-dining, fun nightlife and just about anything anyone could wish for. With all of the new developments coming to Hollywood, this area will always attract residents with good incomes. Legally one can build 7 units on this site, or take the TOC / Density Bonuses and build 14 units! The proximity to the Subway Station can help a future development with a lower parking ratio. The front house will be delivered vacant.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. 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/115249604
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    6551 Franklin Ave Los Angeles, CA 90028

    • Price: $1,285,000
    • Status: Active
    • Updated: 137 min ago
    • MLS #: 21-707362
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,966
    SQFT
    $654
    $/SQFT
    1919
    Built
    Neighborhood:
    Sunset Strip - Hollywood Hills West
    County:
    Los Angeles
    Area:
    Sunset Strip - Hollywood Hills West
    Property Description
    REDUCED! Presented for sale is a lovely Duplex with a great Development Opportunity in the Hollywood Hills that is ready to start entitlements. The 4,680 SF [Q]R4-1VL Tier 3 lot, is located on Franklin Ave., between Highland Ave. & Cahuenga Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown Los Angeles or anywhere in Los Angeles a breeze. Currently, the Front unit is a 3 bed + 2 bath house and the Back unit is a studio above a garage. At one time, the property was used as a Triplex. The Old Hollywood residence with a Granny Flat is surrounded by newer mid and high rise apartments. Walk Score rated this area a Walkers Paradise, so daily errands and other outings do not require a car. This lovely and rare house is a short 5 minute trek to the world famous Walk of Fame, where future residents can enjoy seeing all of the Hollywood commotion, access to the Metro Subway, enjoy fine-dining, fun nightlife and just about anything anyone could wish for. With all of the new developments coming to Hollywood, this area will always attract residents with good incomes. Legally one can build 7 units on this site, or take the TOC / Density Bonuses and build 14 units! The proximity to the Subway Station can help a future development with a lower parking ratio. The front house will be delivered vacant.
    Exterior Features

    Lot Size Area 4681 Other Structures Other Parking Garage Garage Is Detached Total Parking 2

    Interior Features

    Baths Total 3.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 750993 Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 2 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units House&Single Year Built Source Vendor Enhanced Zoning [Q]R4-1Vl Tier 3

    Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. 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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    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260