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5015 Franklin Ave, Los Angeles, CA 90027
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5015 Franklin Ave Los Angeles, CA 90027

$1,650,000
  • 5 Beds
  • 2.75 Baths
  • 2,676 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified
Map preview of 5015 Franklin Ave, Los Angeles, CA 90027

Property Overview: 5015 Franklin Ave Los Angeles, CA has 5 bedrooms, 2.75 bathrooms, 2,676 living square feet and 7,431 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: We are pleased to present this great duplex in desirable neighborhood at East Hollywood. Situated at bottom of the Griffith Park and Franklin Hill, between Sunset Blvd and Los Feliz Blvd, the property has easy access to the 5 FWY and many local shops , restaurants and famous Hollywood landmarks, like the Griffith Observatory. The 2-story building has two separated units with separate meters and entrances. Upstair unit has a long-term tenant and downstair unit can be owner occupied or be rented to current market value. There is large backyard with a 2 -car garage which can easily be converted to ADU, and with lot of empty space in the backyard, it has potential to add another ADU. (Buyer to verified with the city). This makes the property has huge opportunity to be a 4-unit income generated investment. It is a perfect investment for both owner occupied or investors.The building is well-maintained, as the Seller put a new roof and installed a new water-heater for downstair unit in 2023. With some TLC , this property is a true value-add opportunity for any homeowner or investor.

Listed by VIVIAN ZHU | BRE #01331943 | Global Premium Realty
Last checked: 4 minutes ago | Last updated: May 29th, 2024 | Source CRMLS | DOM: 45
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Home details

Lot Sq. Ft
7,431
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
WS24023468
City
Los Angeles
County
Los Angeles
Time on Site
139 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,255
  • Total Rent: $2,255
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $51,170
  • Gross Operating Income: --
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $20,830
  • New Taxes: $19,800
  • Trash: $360
  • Gardener: $1,800
  • Insurance: $2,157
  • Water/Sewer: $720
  • Other Expenses: $720
  • Other Expense Description: water

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Property Details for 5015 Franklin Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Closet
Fireplace Information
  • Has Fireplace
  • Living Room
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: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5589014043
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Los Feliz go west , turn south on Hillhurst , west on Franklin
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 5015 Franklin Ave

Last sold for $47,500 on November 17th, 1972

  • February, 2024

  • Feb 9, 2024

    Date

    Active

    CRMLS: WS24023468

    $1,650,000

    Price

  • November, 1972

  • Nov 17, 1972

    Date

    Sold (Public Records)

    Public Records

    $47,500

    Price

Show More

Tax History for 5015 Franklin Ave

Assessed Value (2020): $103,958
Year Land Value Improved Value Assessed Value
2020 $59,150 $44,808 $103,958

Home Value Compared to the Market

This property vs the competition

5015 Franklin Ave is listed 32.11% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $779 and this home is listed at $616.59 per/sqft which puts the price per square foot 20.85% lower than the median price per square foot for the city of Los Angeles.

About 5015 Franklin Ave

Detailed summary of property

5015 Franklin Ave is a duplex located in Los Angeles, CA 90027 and is currently for sale. This duplex offers 5 bedrooms, 2.75 bathrooms, roughly 2,676 living square feet, and sits on an approximately 7,431 square foot lot. 5015 Franklin Ave was first listed on ArdentRealEstateGroup.com on February 5, 2024. The homeowner is currently asking $1,650,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $779. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.11% higher than the median priced home. Local competing homes currently for sale include 4308 Gateway Ave, 1000 N Oxford Ave and 4332 Lockwood Ave. While the average home in Los Angeles, CA is selling in 98 days, 5015 Franklin Ave has a days on market of 45 days. There are currently 3964 homes for sale in the Los Angeles real estate market and 2670 of them are single family homes while 1181 of them are condos and 106 are townhomes. For more information on this home for sale at 5015 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 5015 Franklin Ave

Public county record property details
Beds
5
Baths
3
Year built
1922
Sq. Ft.
2,676
Lot Size
7,428
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
75
APN
5589-014-043

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
$2,398,000
Median List Price/Sq.Ft.
$982
Median Sold Price
$2,500,000
Median Sold Price/Sq.Ft.
$1,074
Total Inventory
93
Median Sale to List Price %
96.34%
Avg Days on Market
23
Loan Type
Conventional (6.67%), FHA (0%), VA (0%), Cash (13.33%), Other (13.33%)

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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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