4350 Franklin Ave, Los Angeles, CA 90027
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4350 Franklin Ave Los Angeles, CA 90027

$2,750,000 Sold Price as of 10/04/2019
  • 128 Beds
  • 112 Baths
  • 7,230 Sq.Ft.
Sold
$2,750,000 Sold Price as of 10/04/2019 Refinance Your Mortgage

Map preview of 4350 Franklin Ave, Los Angeles, CA 90027

Property Overview: 4350 Franklin Ave Los Angeles, CA has 128 bedrooms, 112 bathrooms, 7,230 living square feet and 6,726 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *** SOLD BEFORE PROCESSING - 8 unit complex.

Listed by Andrew Manning | BRE #00941825 | Berkshire Hathaway HomeService
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,726
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19517730
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 16
  • # of Baths: 14
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $160,596
  • Pro Forma/Market Rent: $160,596
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: --
  • Net Operating Income: $93,491
  • Gross Operating Income: $160,596
  • Improvements Total: $194,125
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4350 Franklin Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Off Site
Property Information
  • Total # of Units: 8
  • Parcel Number: 5591023002
Location / Neighborhood
Location Information
  • Directions: Franklin at N. Commonwealth Ave.
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Sale History for 4350 Franklin Ave

Last sold for $2,750,000 on October 4th, 2019
  • October, 2019

  • Oct 5, 2019

    Date

    Sold

    CRMLS: 19517730

    $2,750,000

    Price

  • October, 2019

  • Oct 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,750,000

    Price

  • April, 2019

  • Apr 5, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4350 Franklin Ave

Assessed Value (2020): $2,750,000
Year Land Value Improved Value Assessed Value
2020 $1,800,000 $950,000 $2,750,000

Home Value Compared to the Market

This property vs the competition

4350 Franklin Ave sold on October 4, 2019 for 135.29% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $387.28 per/sqft which puts the price per square foot 48.71% lower than the current median sale per square foot for the city of Los Angeles.

About 4350 Franklin Ave

Detailed summary of property

4350 Franklin Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 128 bedrooms, 112 bathrooms, roughly 7,230 living square feet, and sits on an approximately 6,726 square foot lot. 4350 Franklin Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,750,000. 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 135.29% higher than the current median priced home. Local homes that are currently for sale include 867 N Alexandria Ave, 933 N Mariposa Ave and 5345 La Mirada Ave. 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 4350 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 4350 Franklin Ave

Public county record property details
Beds
16
Baths
16
Year built
1963
Sq. Ft.
7,230
Lot Size
6,726
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5591-023-002

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.
$932
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
87
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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Related Resources to 4350 Franklin Ave

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.