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4517 Franklin Ave, Los Angeles, CA 90027
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4517 Franklin Ave Los Angeles, CA 90027

$2,625,000 Sold Price as of 09/16/2019
  • 10 Beds
  • 10 Baths
  • 5,504 Sq.Ft.
Sold
$2,625,000 Sold Price as of 09/16/2019 Refinance Your Mortgage
Map preview of 4517 Franklin Ave, Los Angeles, CA 90027

Property Overview: 4517 Franklin Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 5,504 living square feet and 10,868 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 10 UNIT Los Feliz courtyard - bungalow style with +/-30% rental upside on oversized 10,868 SF parcel

Listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 203

Home details

Lot Sq. Ft
10,868
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19430688
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,774
  • Total Rent: $21,293
  • Pro Forma/Market Rent: $21,293
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,723
  • Total Rent: $20,683
  • Pro Forma/Market Rent: $20,683
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,313
  • Total Rent: $15,762
  • Pro Forma/Market Rent: $15,762
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,043
  • Total Rent: $12,518
  • Pro Forma/Market Rent: $12,518
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,245
  • Total Rent: $14,945
  • Pro Forma/Market Rent: $14,945
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $11,520
  • Pro Forma/Market Rent: $11,520
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,294
  • Total Rent: $15,528
  • Pro Forma/Market Rent: $15,528
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,060
  • Total Rent: $12,730
  • Pro Forma/Market Rent: $12,730
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,033
  • Total Rent: $24,403
  • Pro Forma/Market Rent: $24,403
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,023
  • Total Rent: $24,283
  • Pro Forma/Market Rent: $24,283
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.7
  • Gross Scheduled Income: --
  • Net Operating Income: $110,441
  • Gross Operating Income: $175,303
  • Improvements Total: $422,497
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4517 Franklin Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Property Information
  • Total # of Units: 10
  • Parcel Number: 5590012001
Location / Neighborhood
Location Information
  • Directions: West of Hillhurst in best Los Feliz neighborhood
View more facts & features

Local Los Angeles Agent

Sale History for 4517 Franklin Ave

Last sold for $2,625,000 on September 16th, 2019

  • September, 2019

  • Sep 20, 2019

    Date

    Sold

    CRMLS: 19430688

    $2,625,000

    Price

  • Aug 27, 2019

    Date

    Pending

    CRMLS: 19430688

    $2,750,000

    Price

  • Jul 17, 2019

    Date

    Price Change

    CRMLS: 19430688

    $2,750,000

    Price

  • Apr 2, 2019

    Date

    Price Change

    CRMLS: 19430688

    $2,800,000

    Price

  • Feb 4, 2019

    Date

    Active

    CRMLS: 19430688

    $2,895,000

    Price

  • September, 2019

  • Sep 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,620,000

    Price

  • August, 2013

  • Aug 20, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

Show More

Tax History for 4517 Franklin Ave

Assessed Value (2020): $2,621,000
Year Land Value Improved Value Assessed Value
2020 $1,800,000 $821,000 $2,621,000

Home Value Compared to the Market

This property vs the competition

4517 Franklin Ave sold on September 16, 2019 for 145.54% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $499.64 per/sqft which puts the price per square foot 30.99% lower than the current median sale per square foot for the city of Los Angeles.

About 4517 Franklin Ave

Detailed summary of property

4517 Franklin Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 5,504 living square feet, and sits on an approximately 10,868 square foot lot. 4517 Franklin Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,625,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 145.54% higher than the current median priced home. Local homes that are currently for sale include 5613 Virginia Ave, 2616-2618 Glendale Blvd and 3321 London St. While the average home in Los Angeles, CA is selling in 106 days, 4517 Franklin Ave has a days on market of 203 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 4517 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 4517 Franklin Ave

Public county record property details
Beds
10
Baths
10
Year built
1922
Sq. Ft.
5,504
Lot Size
10,868
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5590-012-001

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
$2,488,000
Median List Price/Sq.Ft.
$943
Median Sold Price
$2,340,000
Median Sold Price/Sq.Ft.
$1,093
Total Inventory
81
Median Sale to List Price %
126.55%
Avg Days on Market
35
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (7.14%), Other (0%)

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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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