Description
Great income property located in Heart of Hollywood on the border of Los Feliz and Franklin Village. Remodeled 10 units, Consists of two side by side buildings, Two separate APN's,By far Area Lowest GRM of 13.6, Cap Rate 5.6, Gross income $233,388. Great Units mix of 7 X 2 bedroom 3 studios, Most units have front and rear access, private in unit laundry areas, and parking. Separately metered for gas and electric. Metro red line station one block away. Large 9,535 square foot lot with R3-1 zoning. 5520 & 5528 Franklin Ave APN 5544-004-021 & 5544-004-022 both included in the sale.
-
17BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
6,912SQFT
-
$462$/SQFT
School Ratings & Info
Description
Great income property located in Heart of Hollywood on the border of Los Feliz and Franklin Village. Remodeled 10 units, Consists of two side by side buildings, Two separate APN's,By far Area Lowest GRM of 13.6, Cap Rate 5.6, Gross income $233,388. Great Units mix of 7 X 2 bedroom 3 studios, Most units have front and rear access, private in unit laundry areas, and parking. Separately metered for gas and electric. Metro red line station one block away. Large 9,535 square foot lot with R3-1 zoning. 5520 & 5528 Franklin Ave APN 5544-004-021 & 5544-004-022 both included in the sale.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-06T22:42:21.25. 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.