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5648 Franklin Ave, Los Angeles, CA 90028
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5648 Franklin Ave Los Angeles, CA 90028

$1,487,500 Sold Price as of 09/21/2021
  • 4 Beds
  • 4 Baths
  • 4,624 Sq.Ft.
Sold
$1,487,500 Sold Price as of 09/21/2021 Refinance Your Mortgage
Map preview of 5648 Franklin Ave, Los Angeles, CA 90028

Property Overview: 5648 Franklin Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,624 living square feet and 5,382 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: KW Commercial is pleased to present 5648 Franklin Ave, 1857, 1859, 1861 N Gramercy Pl. Subject consists of 4 large 1 bedroom/1 bathroom apartments with formal dining rooms. Each apartment is approximately 1,150 SF with in-unit washer and dryer and one parking space. Separately metered for gas and electric. With an 81 Walkscore, Gramercy/Franklin apartments are located in a walker's paradise, offering tenants access to an array of world-class shopping, dining, and entertainment destinations. Please DO NOT disturb tenants and DO NOT walk on the property.

Listed by Anie Mayelian | BRE #00778825 | Keller Williams Encino-Sherman Oaks
Last checked: 1 minute ago | Last updated: April 6th, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,382
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SR21167560
City
Los Angeles
County
Los Angeles
Time on Site
1141 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,703
  • Total Rent: $1,703
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,917
  • Total Rent: $1,917
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,741
  • Total Rent: $1,741
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,087
  • Total Rent: $2,087
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $91,176
  • Net Operating Income: $65,734
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,707
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $960
  • Insurance: $2,997
  • Water/Sewer: $0

Property Details for 5648 Franklin Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5544002049
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: .
Neighborhood Information
  • Community Features: Biking, Curbs, Hiking, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 5648 Franklin Ave

Last sold for $1,487,500 on September 21st, 2021

  • August, 2021

  • Aug 13, 2021

    Date

    Active Under Contract

    CRMLS: SR21167560

    $1,500,000

    Price

  • Aug 5, 2021

    Date

    Active

    CRMLS: SR21167560

    $1,500,000

    Price

  • October, 2017

  • Oct 1, 2017

    Date

    Expired

    CRMLS: 17245350

    $1,899,000

    Price

  • Jun 30, 2017

    Date

    Active

    CRMLS: 17245350

    $1,899,000

    Price

  • Listing provided courtesy of CRMLS

    PRIME LOCATION INCOME PROPERTY OPPORTUNITY! Adjacent to the Hollywood Hills and Franklin Village. Fourplex with large 1 bedroom units each over 1000 sq ft. Upgraded plumbing, carpeting, private and securely gated with dedicated parking spots for each unit. Additionally, the foundation was reinforced in 2016.

  • February, 1999

  • Feb 26, 1999

    Date

    Sold (Public Records)

    Public Records

    $375,500

    Price

Show More

Tax History for 5648 Franklin Ave

Assessed Value (2020): $537,538
Year Land Value Improved Value Assessed Value
2020 $322,526 $215,012 $537,538

Home Value Compared to the Market

This property vs the competition

5648 Franklin Ave sold on September 21, 2021 for 33.93% 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 $324.39 per/sqft which puts the price per square foot 55.19% lower than the current median sale per square foot for the city of Los Angeles.

About 5648 Franklin Ave

Detailed summary of property

5648 Franklin Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 4,624 living square feet, and sits on an approximately 5,382 square foot lot. 5648 Franklin Ave was first listed on ArdentRealEstateGroup.com on August 5, 2021. The homeowner sold the property for $1,487,500. 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 33.93% higher than the current median priced home. Local homes that are currently for sale include 6326 Longview Ave, 1167 N Kingsley Dr and 1223 N Normandie Ave. While the average home in Los Angeles, CA is selling in 106 days, 5648 Franklin Ave has a days on market of 7 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 5648 Franklin Ave Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5648 Franklin Ave

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
4,624
Lot Size
5,382
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
5544-002-049

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$695
Median Sold Price
$1,015,000
Median Sold Price/Sq.Ft.
$728
Total Inventory
51
Median Sale to List Price %
101.5%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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