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4325 Franklin Ave, Los Angeles, CA 90027
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4325 Franklin Ave Los Angeles, CA 90027

$5,915,000 Sold Price as of 12/19/2019
  • 26 Beds
  • 17 Baths
  • -- Sq.Ft.
Sold
$5,915,000 Sold Price as of 12/19/2019 Refinance Your Mortgage
Map preview of 4325 Franklin Ave, Los Angeles, CA 90027

Property Overview: 4325 Franklin Ave Los Angeles, CA has 26 bedrooms, 17 bathrooms, -- living square feet and 15,246 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Mason Canter | BRE #01797960 | Keller Williams Realty Los Feliz
Co-listed by Ian Rhodes | BRE #01844869 | Keller Williams Realty Los Feliz
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
15,246
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19497376
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $13,043
  • Total Rent: $13,043
  • Pro Forma/Market Rent: $19,800
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $14,283
  • Total Rent: $14,283
  • Pro Forma/Market Rent: $19,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.33
  • Gross Scheduled Income: $366,330
  • Net Operating Income: $227,279
  • Gross Operating Income: $363,778
  • Laundry Income: $1,500
  • Other Income 1: $7,200
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $3,256
  • Insurance: $6,577
  • Maintenance: $5,780
  • Water/Sewer: $3,886

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 4325 Franklin Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Carpet
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Garage, Parking Space
Property Information
  • Total # of Units: 17
  • Parcel Number: 5591015011
Location / Neighborhood
Location Information
  • Directions: 2 Blocks East of Hillhurst Ave
View more facts & features

Local Los Angeles Agent

Sale History for 4325 Franklin Ave

Last sold for $600,000 on December 20th, 2019

  • January, 2020

  • Jan 3, 2020

    Date

    Sold

    CRMLS: 19497376

    $5,915,000

    Price

  • Aug 20, 2019

    Date

    Active Under Contract

    CRMLS: 19497376

    $6,500,000

    Price

  • Aug 7, 2019

    Date

    Active

    CRMLS: 19497376

    $6,500,000

    Price

  • December, 2019

  • Dec 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • December, 2019

  • Dec 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $5,915,000

    Price

  • August, 2019

  • Aug 5, 2019

    Date

    Canceled

    CRMLS: 19495290

    $6,500,000

    Price

  • Aug 2, 2019

    Date

    Active

    CRMLS: 19495290

    $6,500,000

    Price

  • Listing provided courtesy of CRMLS

    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.

Show More

Tax History for 4325 Franklin Ave

Assessed Value (2020): $5,925,450
Year Land Value Improved Value Assessed Value
2020 $3,915,000 $2,010,450 $5,925,450

Home Value Compared to the Market

This property vs the competition

4325 Franklin Ave sold on December 19, 2019 for 446.22% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 4325 Franklin Ave

Detailed summary of property

4325 Franklin Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 26 bedrooms, 17 bathrooms, roughly -- living square feet, and sits on an approximately 15,246 square foot lot. 4325 Franklin Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $5,915,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 446.22% higher than the current median priced home. Local homes that are currently for sale include 1439 N Curson Ave, 211 S Poinsettia Pl and 7815 Melrose Ave. While the average home in Los Angeles, CA is selling in 92 days, 4325 Franklin Ave has a days on market of 2 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4325 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 4325 Franklin Ave

Public county record property details
Beds
--
Baths
18
Year built
1951
Sq. Ft.
13,384
Lot Size
15,398
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17,18
APN
5591-015-011

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
$2,370,000
Median List Price/Sq.Ft.
$921
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
83
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.

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