4310 Franklin Ave, Los Angeles, CA 90027
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4310 Franklin Ave Los Angeles, CA 90027

$3,250,000
  • 8 Beds
  • 8.5 Baths
  • 5,283 Sq.Ft.
For Sale
$3,250,000 Get Pre-Qualified

Map preview of 4310 Franklin Ave, Los Angeles, CA 90027

Property Overview: 4310 Franklin Ave Los Angeles, CA has 8 bedrooms, 8.5 bathrooms, 5,283 living square feet and 9,461 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: WOW! 1 Owner privately managed and cared for, for over 25 YEARS! This very unique property is a jewel perfectly positioned for an owner user given the large 3 bedroom 4 bath house or a fantastic 1031 property for those looking to acquire a prime location, income producing property with 26% rental upside. The asset consists of 1@3 bed 4 bath house with private deck- patio, 2@1+1 units built in 2003, 1@ 1+1 bungalow style unit which was tastefully remodeled in the last 3 years and 1@2+1 1/2 bungalow spacious unit. all units feature central heat and air, copper plumbing, upgraded electrical, and more. Phenomenal rental market. Don't miss this opportunity. Centrally located, surrounded by phenomenal boutique restaurants, entertainment and public transportation.

Listed by Joe Gonzalez | BRE #00896757 | Cal 1 Realty
Last checked: 4 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
9,461
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Apartment
Status
Active
MLS#
SR24062313
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,059
  • Total Rent: $3,059
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,102
  • Total Rent: $3,102
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,320
  • Total Rent: $2,320
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,360
  • Total Rent: $2,360
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $162,492
  • Net Operating Income: $135,220
  • Gross Operating Income: --
  • Laundry Income: $3,300
Annual Expense Breakdown
  • Total Operating Expense: $27,272
  • Electric: $1,068
  • Gas/Fuel: $2,112
  • Licenses: $280
  • New Taxes: $41,875
  • Trash: $2,640
  • Gardener: $1,020
  • Insurance: $4,172
  • Maintenance: $3,000
  • Professional Management: $0
  • Water/Sewer: $2,448

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Property Details for 4310 Franklin Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5591023010
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Franklin between Talmage and Commonwealth
Neighborhood Information
  • Community Features: Biking, Hiking, Park, Urban
View more facts & features

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Sale History for 4310 Franklin Ave

Last sold on November 23rd, 1999
  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: SR24062313

    $3,250,000

    Price

  • November, 1999

  • Nov 23, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 1997

  • Dec 2, 1997

    Date

    Sold (Public Records)

    Public Records

    $335,000

    Price

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Tax History for 4310 Franklin Ave

Assessed Value (2020): $618,348
Year Land Value Improved Value Assessed Value
2020 $456,739 $161,609 $618,348

Home Value Compared to the Market

This property vs the competition

4310 Franklin Ave is listed 163.16% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $615.18 per/sqft which puts the price per square foot 20.52% lower than the median price per square foot for the city of Los Angeles.

About 4310 Franklin Ave

Detailed summary of property

4310 Franklin Ave is a apartment located in Los Angeles, CA 90027 and is currently for sale. This apartment offers 8 bedrooms, 8.5 bathrooms, roughly 5,283 living square feet, and sits on an approximately 9,461 square foot lot. 4310 Franklin Ave was first listed on ArdentRealEstateGroup.com on April 23, 2024. The homeowner is currently asking $3,250,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 163.16% higher than the median priced home. Local competing homes currently for sale include 933 N Mariposa Ave, 3522 Bellevue Ave and 1802 N Western Ave. While the average home in Los Angeles, CA is selling in 94 days, 4310 Franklin Ave has a days on market of 12 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 4310 Franklin Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4310 Franklin Ave

Public county record property details
Beds
8
Baths
8
Year built
1924
Sq. Ft.
5,283
Lot Size
9,425
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
32,33
APN
5591-023-010

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
84
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.